One Wealth Advisors LLC Acquires New Position in PT Telekomunikasi Indonesia, Tbk (NYSE:TLK)

Key Points

• One Wealth Advisors LLC has invested $267,000 in PT Telekomunikasi Indonesia, Tbk, acquiring 18,106 shares in the first quarter.
• PT Telekomunikasi Indonesia, Tbk recently announced an annual dividend of $1.3038 per share, representing a yield of 5.8%, which is an increase from the previous year's dividend.
• Analysts at New Street Research downgraded PT Telekomunikasi Indonesia, Tbk’s stock rating from "strong-buy" to "hold".

One Wealth Advisors LLC purchased a new position in PT Telekomunikasi Indonesia, Tbk (NYSE:TLK - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 18,106 shares of the utilities provider's stock, valued at approximately $267,000.

A number of other hedge funds have also recently made changes to their positions in TLK. Farther Finance Advisors LLC grew its holdings in PT Telekomunikasi Indonesia, Tbk by 541.8% during the 1st quarter. Farther Finance Advisors LLC now owns 3,151 shares of the utilities provider's stock worth $47,000 after acquiring an additional 2,660 shares in the last quarter. SBI Securities Co. Ltd. lifted its position in shares of PT Telekomunikasi Indonesia, Tbk by 37.7% during the first quarter. SBI Securities Co. Ltd. now owns 4,417 shares of the utilities provider's stock valued at $65,000 after buying an additional 1,210 shares during the last quarter. TD Private Client Wealth LLC lifted its position in shares of PT Telekomunikasi Indonesia, Tbk by 17.8% during the first quarter. TD Private Client Wealth LLC now owns 5,782 shares of the utilities provider's stock valued at $85,000 after buying an additional 872 shares during the last quarter. Blue Trust Inc. lifted its position in shares of PT Telekomunikasi Indonesia, Tbk by 630.5% during the first quarter. Blue Trust Inc. now owns 7,772 shares of the utilities provider's stock valued at $115,000 after buying an additional 6,708 shares during the last quarter. Finally, West Family Investments Inc. purchased a new stake in shares of PT Telekomunikasi Indonesia, Tbk during the first quarter valued at about $176,000.

Wall Street Analyst Weigh In

Separately, New Street Research lowered shares of PT Telekomunikasi Indonesia, Tbk from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, June 17th.

PT Telekomunikasi Indonesia, Tbk Stock Down 0.4%

Shares of TLK stock traded down $0.08 during mid-day trading on Monday, hitting $17.28. 232,511 shares of the stock traded hands, compared to its average volume of 655,441. The stock has a market cap of $17.11 billion, a P/E ratio of 11.68, a P/E/G ratio of 2.73 and a beta of 0.60. The stock's fifty day moving average is $16.88 and its two-hundred day moving average is $15.92. PT Telekomunikasi Indonesia, Tbk has a 52-week low of $13.15 and a 52-week high of $21.00. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.89 and a quick ratio of 0.87.

PT Telekomunikasi Indonesia, Tbk Increases Dividend

The business also recently disclosed an annual dividend, which was paid on Monday, June 30th. Investors of record on Thursday, June 12th were given a $1.3038 dividend. This is a positive change from PT Telekomunikasi Indonesia, Tbk's previous annual dividend of $1.11. This represents a dividend yield of 5.8%. The ex-dividend date of this dividend was Thursday, June 12th. PT Telekomunikasi Indonesia, Tbk's dividend payout ratio (DPR) is presently 70.95%.

About PT Telekomunikasi Indonesia, Tbk

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk provides information and communications technology, and telecommunications network services worldwide. The company operates through mobile, consumer, enterprise, Wholesale and International Business, and Other segments. The Mobile segment offers mobile voice, SMS, value added services, and mobile broadband services.