Sei Investments Co. Raises Stake in PT Telekomunikasi Indonesia, Tbk $TLK

Sei Investments Co. increased its holdings in shares of PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) by 1,021.8% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 289,999 shares of the utilities provider’s stock after purchasing an additional 264,148 shares during the quarter. Sei Investments Co.’s holdings in PT Telekomunikasi Indonesia, Tbk were worth $5,417,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Lazard Asset Management LLC grew its stake in PT Telekomunikasi Indonesia, Tbk by 34.6% during the third quarter. Lazard Asset Management LLC now owns 20,071,706 shares of the utilities provider’s stock worth $377,750,000 after buying an additional 5,154,799 shares during the period. Millennium Management LLC raised its stake in shares of PT Telekomunikasi Indonesia, Tbk by 606.8% in the 1st quarter. Millennium Management LLC now owns 468,651 shares of the utilities provider’s stock valued at $6,922,000 after acquiring an additional 402,344 shares during the period. Barometer Capital Management Inc. acquired a new position in shares of PT Telekomunikasi Indonesia, Tbk during the 1st quarter valued at $6,385,000. First Trust Advisors LP lifted its holdings in shares of PT Telekomunikasi Indonesia, Tbk by 1,041.8% during the 3rd quarter. First Trust Advisors LP now owns 345,772 shares of the utilities provider’s stock valued at $6,507,000 after acquiring an additional 315,488 shares in the last quarter. Finally, UBS Group AG boosted its position in PT Telekomunikasi Indonesia, Tbk by 70.8% during the 3rd quarter. UBS Group AG now owns 323,974 shares of the utilities provider’s stock worth $6,097,000 after purchasing an additional 134,316 shares during the period.

PT Telekomunikasi Indonesia, Tbk Stock Up 0.6%

Shares of NYSE:TLK opened at $15.28 on Wednesday. The company has a market capitalization of $15.13 billion, a price-to-earnings ratio of 15.43 and a beta of 0.36. The company has a 50 day moving average of $14.81 and a two-hundred day moving average of $17.62. PT Telekomunikasi Indonesia, Tbk has a 52-week low of $13.23 and a 52-week high of $23.51. The company has a quick ratio of 0.91, a current ratio of 0.79 and a debt-to-equity ratio of 0.20.

PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) last posted its earnings results on Saturday, May 16th. The utilities provider reported $0.26 EPS for the quarter. The business had revenue of $2.19 billion for the quarter. PT Telekomunikasi Indonesia, Tbk had a net margin of 11.62% and a return on equity of 11.53%. As a group, analysts forecast that PT Telekomunikasi Indonesia, Tbk will post 1.65 earnings per share for the current fiscal year.

PT Telekomunikasi Indonesia, Tbk Cuts Dividend

The company also recently declared an annual dividend, which was paid on Monday, July 20th. Investors of record on Thursday, June 18th were paid a dividend of $1.2214 per share. The ex-dividend date of this dividend was Thursday, June 18th. This represents a yield of 824.0%. PT Telekomunikasi Indonesia, Tbk’s payout ratio is 94.95%.

Analyst Upgrades and Downgrades

TLK has been the subject of several recent research reports. Zacks Research upgraded PT Telekomunikasi Indonesia, Tbk from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. Weiss Ratings cut PT Telekomunikasi Indonesia, Tbk from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, PT Telekomunikasi Indonesia, Tbk currently has a consensus rating of “Reduce”.

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.