Cerity Partners LLC Has $1.21 Million Position in PT Telekomunikasi Indonesia, Tbk (NYSE:TLK)

Cerity Partners LLC raised its stake in PT Telekomunikasi Indonesia, Tbk (NYSE:TLK - Free Report) by 142.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 81,784 shares of the utilities provider's stock after acquiring an additional 48,073 shares during the quarter. Cerity Partners LLC's holdings in PT Telekomunikasi Indonesia, Tbk were worth $1,208,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Farther Finance Advisors LLC increased its position 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 valued at $47,000 after purchasing an additional 2,660 shares during the period. TD Private Client Wealth LLC increased its position in PT Telekomunikasi Indonesia, Tbk by 17.8% during the 1st quarter. TD Private Client Wealth LLC now owns 5,782 shares of the utilities provider's stock valued at $85,000 after purchasing an additional 872 shares during the period. Blue Trust Inc. increased its position in PT Telekomunikasi Indonesia, Tbk by 630.5% during the 1st quarter. Blue Trust Inc. now owns 7,772 shares of the utilities provider's stock valued at $115,000 after purchasing an additional 6,708 shares during the period. GAMMA Investing LLC increased its position in PT Telekomunikasi Indonesia, Tbk by 958.2% during the 1st quarter. GAMMA Investing LLC now owns 15,937 shares of the utilities provider's stock valued at $235,000 after purchasing an additional 14,431 shares during the period. Finally, First Affirmative Financial Network increased its position in PT Telekomunikasi Indonesia, Tbk by 25.9% during the 1st quarter. First Affirmative Financial Network now owns 17,273 shares of the utilities provider's stock valued at $255,000 after purchasing an additional 3,553 shares during the period.

Analyst Upgrades and Downgrades

Separately, New Street Research downgraded 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 Trading Down 0.4%

Shares of TLK stock traded down $0.07 during trading hours on Friday, hitting $17.33. 596,373 shares of the company were exchanged, compared to its average volume of 459,197. The firm has a market cap of $17.17 billion, a P/E ratio of 11.71, a P/E/G ratio of 2.73 and a beta of 0.60. PT Telekomunikasi Indonesia, Tbk has a fifty-two week low of $13.15 and a fifty-two week high of $21.00. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.87 and a current ratio of 0.89. The company has a 50 day simple moving average of $16.88 and a two-hundred day simple moving average of $15.92.

PT Telekomunikasi Indonesia, Tbk Increases Dividend

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