Millennium Management LLC Cuts Stake in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK)

Millennium Management LLC cut its holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK - Free Report) by 47.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 66,307 shares of the utilities provider's stock after selling 60,676 shares during the quarter. Millennium Management LLC's holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk were worth $1,091,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TLK. EverSource Wealth Advisors LLC grew its position in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 49.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,992 shares of the utilities provider's stock worth $33,000 after buying an additional 662 shares during the period. SBI Securities Co. Ltd. purchased a new stake in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk in the 4th quarter worth about $53,000. Blue Trust Inc. grew its position in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 74.0% in the 4th quarter. Blue Trust Inc. now owns 7,315 shares of the utilities provider's stock worth $120,000 after buying an additional 3,110 shares during the period. Sequoia Financial Advisors LLC purchased a new stake in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk in the 4th quarter worth about $185,000. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk in the 4th quarter worth about $247,000.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Stock Down 0.2%

Shares of NYSE:TLK traded down $0.04 during midday trading on Friday, reaching $17.37. The company's stock had a trading volume of 417,588 shares, compared to its average volume of 575,021. The firm has a 50 day moving average of $15.75 and a 200-day moving average of $15.89. The firm has a market capitalization of $17.21 billion, a P/E ratio of 12.06, a PEG ratio of 2.18 and a beta of 0.60. The company has a quick ratio of 0.69, a current ratio of 0.70 and a debt-to-equity ratio of 0.14. Perusahaan Perseroan has a 12-month low of $13.15 and a 12-month high of $21.00.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Increases Dividend

The company also recently disclosed an annual dividend, which will be paid on Monday, June 30th. Investors of record on Thursday, June 12th will be given a dividend of $1.3038 per share. This represents a yield of 5.8%. This is an increase from Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk's previous annual dividend of $1.11. The ex-dividend date of this dividend is Thursday, June 12th. Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk's dividend payout ratio is 67.57%.

About Perusahaan Perseroan (Persero) 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.