Robeco Institutional Asset Management B.V. Buys 115,737 Shares of PT Telekomunikasi Indonesia, Tbk (NYSE:TLK)

Robeco Institutional Asset Management B.V. boosted its holdings in PT Telekomunikasi Indonesia, Tbk (NYSE:TLK - Free Report) by 237.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 164,386 shares of the utilities provider's stock after purchasing an additional 115,737 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in PT Telekomunikasi Indonesia, Tbk were worth $2,428,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. EverSource Wealth Advisors LLC increased its position in shares of PT Telekomunikasi Indonesia, Tbk by 49.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,992 shares of the utilities provider's stock valued at $33,000 after buying an additional 662 shares during the period. Farther Finance Advisors LLC increased its position in shares of 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. purchased a new position in shares of PT Telekomunikasi Indonesia, Tbk during the fourth quarter valued at about $53,000. Blue Trust Inc. increased its position in shares of 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, Sequoia Financial Advisors LLC purchased a new position in shares of PT Telekomunikasi Indonesia, Tbk during the fourth quarter valued at about $185,000.

Wall Street Analysts Forecast Growth

Separately, New Street Research cut 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 0.9%

Shares of NYSE TLK traded down $0.16 during midday trading on Friday, hitting $16.87. 503,675 shares of the company traded hands, compared to its average volume of 578,505. PT Telekomunikasi Indonesia, Tbk has a 12-month low of $13.15 and a 12-month 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 stock has a 50-day moving average price of $16.59 and a 200 day moving average price of $15.87. The firm has a market cap of $16.71 billion, a P/E ratio of 11.40, a P/E/G ratio of 2.65 and a beta of 0.60.

PT Telekomunikasi Indonesia, Tbk Increases Dividend

The company also recently declared an annual dividend, which was paid on Monday, June 30th. Stockholders of record on Thursday, June 12th were issued a dividend of $1.3038 per share. This is a boost 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 is presently 70.95%.

About 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.