O Shaughnessy Asset Management LLC Purchases 59,060 Shares of PT Telekomunikasi Indonesia, Tbk $TLK

O Shaughnessy Asset Management LLC boosted its position in shares of PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) by 18.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 387,192 shares of the utilities provider’s stock after purchasing an additional 59,060 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in PT Telekomunikasi Indonesia, Tbk were worth $8,150,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TLK. Royal Bank of Canada raised its holdings in PT Telekomunikasi Indonesia, Tbk by 20.7% during the 1st quarter. Royal Bank of Canada now owns 366,681 shares of the utilities provider’s stock worth $5,416,000 after purchasing an additional 62,882 shares during the last quarter. Millennium Management LLC raised its holdings in PT Telekomunikasi Indonesia, Tbk by 606.8% during the 1st quarter. Millennium Management LLC now owns 468,651 shares of the utilities provider’s stock worth $6,922,000 after purchasing an additional 402,344 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in PT Telekomunikasi Indonesia, Tbk by 271.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 145,652 shares of the utilities provider’s stock worth $2,151,000 after purchasing an additional 106,481 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in PT Telekomunikasi Indonesia, Tbk by 136.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,511 shares of the utilities provider’s stock worth $59,000 after purchasing an additional 2,023 shares during the last quarter. Finally, First Trust Advisors LP bought a new stake in PT Telekomunikasi Indonesia, Tbk during the 2nd quarter worth about $513,000.

PT Telekomunikasi Indonesia, Tbk Price Performance

Shares of TLK opened at $15.38 on Thursday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.91 and a current ratio of 0.92. The stock has a 50 day simple moving average of $17.20 and a 200 day simple moving average of $19.52. PT Telekomunikasi Indonesia, Tbk has a 52-week low of $13.65 and a 52-week high of $23.51. The firm has a market capitalization of $15.23 billion, a PE ratio of 15.53, a P/E/G ratio of 2.68 and a beta of 0.34.

PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) last issued its quarterly earnings data on Saturday, May 16th. The utilities provider reported $0.26 earnings per share (EPS) for the quarter. PT Telekomunikasi Indonesia, Tbk had a return on equity of 10.75% and a net margin of 11.10%.The business had revenue of $2.19 billion during the quarter. Sell-side analysts predict that PT Telekomunikasi Indonesia, Tbk will post 2.04 EPS for the current fiscal year.

PT Telekomunikasi Indonesia, Tbk Cuts Dividend

The company also recently declared an annual dividend, which will be paid on Monday, July 20th. Shareholders of record on Thursday, June 18th will be given a dividend of $1.2214 per share. The ex-dividend date of this dividend is Thursday, June 18th. This represents a yield of 830.0%. PT Telekomunikasi Indonesia, Tbk’s dividend payout ratio is 106.06%.

Analyst Ratings Changes

Several analysts have weighed in on TLK shares. Weiss Ratings raised PT Telekomunikasi Indonesia, Tbk from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, June 1st. Zacks Research lowered PT Telekomunikasi Indonesia, Tbk from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 14th. One equities research analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.

PT Telekomunikasi Indonesia, Tbk Company Profile

PT Telekomunikasi Indonesia, Tbk, commonly known as Telkom Indonesia, is Indonesia’s largest integrated telecommunications provider. The company’s core operations encompass the provision of fixed-line and mobile voice services, broadband internet, and network infrastructure. It serves a broad customer base that includes residential subscribers, businesses, government agencies and wholesale partners, offering connectivity across urban and rural areas of Indonesia.

Telkom’s product and service portfolio spans consumer broadband and digital entertainment, enterprise ICT solutions, managed network services, data center and cloud platforms, and wholesale international connectivity.