One Wealth Advisors LLC Invests $267,000 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 bought a new position in PT Telekomunikasi Indonesia, Tbk (NYSE:TLK - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 18,106 shares of the utilities provider's stock, valued at approximately $267,000.

Several other institutional investors have also recently made changes to their positions in TLK. Farther Finance Advisors LLC grew its position in PT Telekomunikasi Indonesia, Tbk by 541.8% during the first quarter. Farther Finance Advisors LLC now owns 3,151 shares of the utilities provider's stock valued at $47,000 after buying an additional 2,660 shares during the period. SBI Securities Co. Ltd. grew its position in 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 period. TD Private Client Wealth LLC grew its position in 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 period. Blue Trust Inc. grew its position in 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 period. Finally, West Family Investments Inc. bought a new position in PT Telekomunikasi Indonesia, Tbk during the first quarter worth about $176,000.

Analysts Set New Price Targets

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 Performance

NYSE:TLK traded down $0.07 on Friday, reaching $17.33. 596,373 shares of the company's stock were exchanged, compared to its average volume of 459,197. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.89 and a quick ratio of 0.87. The firm has a market cap of $17.17 billion, a price-to-earnings ratio of 11.71, a P/E/G ratio of 2.74 and a beta of 0.60. PT Telekomunikasi Indonesia, Tbk has a 52 week low of $13.15 and a 52 week high of $21.00. The stock has a fifty day simple moving average of $16.88 and a 200-day simple moving average of $15.93.

PT Telekomunikasi Indonesia, Tbk Increases Dividend

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

PT Telekomunikasi Indonesia, Tbk Profile

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.