PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) Shares Bought by Cerity Partners LLC

Cerity Partners LLC boosted its position in PT Telekomunikasi Indonesia, Tbk (NYSE:TLK - Free Report) by 142.6% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 81,784 shares of the utilities provider's stock after purchasing an additional 48,073 shares during the quarter. Cerity Partners LLC's holdings in PT Telekomunikasi Indonesia, Tbk were worth $1,208,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in TLK. Citadel Advisors LLC purchased a new stake in shares of PT Telekomunikasi Indonesia, Tbk in the fourth quarter worth about $16,533,000. Envestnet Asset Management Inc. raised its holdings in shares of PT Telekomunikasi Indonesia, Tbk by 19.4% in the 1st quarter. Envestnet Asset Management Inc. now owns 884,939 shares of the utilities provider's stock worth $13,071,000 after buying an additional 143,928 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of PT Telekomunikasi Indonesia, Tbk by 2.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 639,435 shares of the utilities provider's stock worth $10,518,000 after purchasing an additional 16,915 shares during the last quarter. American Century Companies Inc. raised its stake in shares of 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 purchasing an additional 44,907 shares during the period. Finally, Robeco Institutional Asset Management B.V. increased its position in PT Telekomunikasi Indonesia, Tbk by 237.9% during the first quarter. Robeco Institutional Asset Management B.V. now owns 164,386 shares of the utilities provider's stock worth $2,428,000 after buying an additional 115,737 shares during the last quarter.

Wall Street Analyst Weigh In

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

PT Telekomunikasi Indonesia, Tbk Stock Performance

Shares of TLK opened at $17.48 on Wednesday. The company has a current ratio of 0.89, a quick ratio of 0.87 and a debt-to-equity ratio of 0.14. The company's 50 day simple moving average is $16.76 and its 200-day simple moving average is $15.89. PT Telekomunikasi Indonesia, Tbk has a 12-month low of $13.15 and a 12-month high of $21.00. The firm has a market cap of $17.31 billion, a PE ratio of 11.81, a price-to-earnings-growth ratio of 2.71 and a beta of 0.60.

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 $1.3038 dividend. This represents a dividend yield of 5.8%. This is a positive change from PT Telekomunikasi Indonesia, Tbk's previous annual dividend of $1.11. The ex-dividend date of this dividend was Thursday, June 12th. PT Telekomunikasi Indonesia, Tbk's dividend payout ratio is presently 70.95%.

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.

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