Millennium Management LLC Sells 60,676 Shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK)

Millennium Management LLC lowered its position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK - Free Report) by 47.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 66,307 shares of the utilities provider's stock after selling 60,676 shares during the period. 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 have also recently added to or reduced their stakes in TLK. Allspring Global Investments Holdings LLC increased its position in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 2.2% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 4,521,500 shares of the utilities provider's stock worth $74,966,000 after acquiring an additional 98,552 shares in the last quarter. Citadel Advisors LLC bought a new stake in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk during the fourth quarter worth $16,533,000. Dimensional Fund Advisors LP grew its holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 2.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 639,435 shares of the utilities provider's stock worth $10,518,000 after buying an additional 16,915 shares in the last quarter. American Century Companies Inc. raised its position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 8.4% in the 4th quarter. American Century Companies Inc. now owns 581,989 shares of the utilities provider's stock valued at $9,574,000 after buying an additional 44,907 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk during the fourth quarter valued at about $2,270,000.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Stock Performance

NYSE:TLK traded down $0.04 during trading on Friday, reaching $17.37. The company's stock had a trading volume of 417,588 shares, compared to its average volume of 573,658. Perusahaan Perseroan has a 12 month low of $13.15 and a 12 month high of $21.00. The firm has a market cap of $17.21 billion, a price-to-earnings ratio of 12.06, a price-to-earnings-growth ratio of 2.18 and a beta of 0.60. The firm has a 50 day moving average of $15.70 and a 200-day moving average of $15.90. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.69 and a current ratio of 0.70.

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 paid a $1.3038 dividend. This is a boost from Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk's previous annual dividend of $1.11. This represents a yield of 5.8%. The ex-dividend date of this dividend is Thursday, June 12th. Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk's payout ratio is currently 67.57%.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Company 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.