PT Telekomunikasi Indonesia, Tbk $TLK Shares Purchased by Advisors Preferred LLC

Advisors Preferred LLC boosted its holdings in shares of PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) by 371.2% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 47,978 shares of the utilities provider’s stock after purchasing an additional 37,796 shares during the quarter. Advisors Preferred LLC’s holdings in PT Telekomunikasi Indonesia, Tbk were worth $896,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Mariner LLC boosted its stake in shares of PT Telekomunikasi Indonesia, Tbk by 0.5% during the 3rd quarter. Mariner LLC now owns 100,593 shares of the utilities provider’s stock valued at $1,893,000 after buying an additional 501 shares during the last quarter. TD Private Client Wealth LLC grew its position in shares of PT Telekomunikasi Indonesia, Tbk by 18.8% during the fourth quarter. TD Private Client Wealth LLC now owns 5,360 shares of the utilities provider’s stock worth $113,000 after buying an additional 847 shares in the last quarter. SBI Securities Co. Ltd. increased its stake in shares of PT Telekomunikasi Indonesia, Tbk by 28.5% in the fourth quarter. SBI Securities Co. Ltd. now owns 4,136 shares of the utilities provider’s stock worth $87,000 after buying an additional 917 shares during the last quarter. Smartleaf Asset Management LLC increased its stake in shares of PT Telekomunikasi Indonesia, Tbk by 70.8% in the second quarter. Smartleaf Asset Management LLC now owns 2,222 shares of the utilities provider’s stock worth $37,000 after buying an additional 921 shares during the last quarter. Finally, WealthCollab LLC raised its holdings in PT Telekomunikasi Indonesia, Tbk by 34.6% in the fourth quarter. WealthCollab LLC now owns 3,808 shares of the utilities provider’s stock valued at $80,000 after acquiring an additional 978 shares in the last quarter.

PT Telekomunikasi Indonesia, Tbk Stock Performance

TLK stock opened at $14.13 on Wednesday. The stock’s 50 day simple moving average is $15.50 and its 200 day simple moving average is $18.32. PT Telekomunikasi Indonesia, Tbk has a 12-month low of $13.23 and a 12-month high of $23.51. The firm has a market cap of $13.99 billion, a P/E ratio of 14.27, a P/E/G ratio of 2.55 and a beta of 0.37. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.16.

PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) last released its quarterly earnings data on Saturday, May 16th. The utilities provider reported $0.26 EPS for the quarter. PT Telekomunikasi Indonesia, Tbk had a net margin of 11.10% and a return on equity of 10.75%. The firm had revenue of $2.19 billion during the quarter. As a group, equities research analysts predict that PT Telekomunikasi Indonesia, Tbk will post 2.04 EPS for the current year.

PT Telekomunikasi Indonesia, Tbk Cuts Dividend

The firm also recently declared an annual dividend, which will be paid on Monday, July 20th. Stockholders of record on Thursday, June 18th will be issued a $1.2214 dividend. The ex-dividend date of this dividend is Thursday, June 18th. This represents a dividend yield of 824.0%. PT Telekomunikasi Indonesia, Tbk’s payout ratio is 94.95%.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Weiss Ratings upgraded shares of PT Telekomunikasi Indonesia, Tbk from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, June 1st. Zacks Research downgraded shares of PT Telekomunikasi Indonesia, Tbk from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 14th. Two research analysts have rated the stock with a Sell rating, According to MarketBeat, PT Telekomunikasi Indonesia, Tbk has a consensus rating of “Sell”.

PT Telekomunikasi Indonesia, Tbk 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.