Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) Stock Holdings Trimmed by Summit Global Investments

Summit Global Investments cut its stake in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK - Free Report) by 55.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,769 shares of the utilities provider's stock after selling 26,978 shares during the quarter. Summit Global Investments' holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk were worth $322,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. GAMMA Investing LLC raised its position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 958.2% in the first 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. Two Sigma Advisers LP raised its position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 189.3% in the fourth quarter. Two Sigma Advisers LP now owns 37,900 shares of the utilities provider's stock valued at $623,000 after purchasing an additional 24,800 shares during the period. Citadel Advisors LLC purchased a new position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk in the fourth quarter valued at about $16,533,000. Jane Street Group LLC raised its position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 351.3% in the fourth quarter. Jane Street Group LLC now owns 77,163 shares of the utilities provider's stock valued at $1,269,000 after purchasing an additional 60,064 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 2.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 639,435 shares of the utilities provider's stock valued at $10,518,000 after purchasing an additional 16,915 shares during the period.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Stock Up 1.8%

NYSE:TLK traded up $0.31 during mid-day trading on Wednesday, hitting $17.29. The company had a trading volume of 318,205 shares, compared to its average volume of 688,084. Perusahaan Perseroan has a 1 year low of $13.15 and a 1 year high of $21.00. The firm has a market capitalization of $17.13 billion, a price-to-earnings ratio of 12.01, a PEG ratio of 2.18 and a beta of 0.56. The company has a current ratio of 0.70, a quick ratio of 0.69 and a debt-to-equity ratio of 0.14. The business has a fifty day simple moving average of $15.60 and a 200-day simple moving average of $15.88.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Increases Dividend

The firm also recently announced an annual dividend, which will be paid on Monday, June 30th. Stockholders of record on Thursday, June 12th will be given a dividend of $1.3038 per share. This represents a dividend yield of 5.8%. This is a positive change from Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk's previous annual dividend of $1.11. The ex-dividend date is Thursday, June 12th. Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk's payout ratio is presently 56.08%.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk 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.