O Shaughnessy Asset Management LLC Has $8.15 Million Position in PT Telekomunikasi Indonesia, Tbk $TLK

O Shaughnessy Asset Management LLC boosted its holdings in shares of PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) by 18.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 387,192 shares of the utilities provider’s stock after buying an additional 59,060 shares during the period. O Shaughnessy Asset Management LLC’s holdings in PT Telekomunikasi Indonesia, Tbk were worth $8,150,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Mariner LLC boosted its stake in PT Telekomunikasi Indonesia, Tbk by 0.5% during the third quarter. Mariner LLC now owns 100,593 shares of the utilities provider’s stock worth $1,893,000 after buying an additional 501 shares in the last quarter. Savant Capital LLC boosted its stake in shares of PT Telekomunikasi Indonesia, Tbk by 4.1% in the 3rd quarter. Savant Capital LLC now owns 15,290 shares of the utilities provider’s stock valued at $288,000 after purchasing an additional 607 shares in the last quarter. TD Private Client Wealth LLC boosted its stake in shares of PT Telekomunikasi Indonesia, Tbk by 18.8% in the 4th quarter. TD Private Client Wealth LLC now owns 5,360 shares of the utilities provider’s stock valued at $113,000 after purchasing an additional 847 shares in the last quarter. SBI Securities Co. Ltd. boosted its stake in shares of PT Telekomunikasi Indonesia, Tbk by 28.5% in the 4th quarter. SBI Securities Co. Ltd. now owns 4,136 shares of the utilities provider’s stock valued at $87,000 after purchasing an additional 917 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its stake in shares of PT Telekomunikasi Indonesia, Tbk by 70.8% in the 2nd quarter. Smartleaf Asset Management LLC now owns 2,222 shares of the utilities provider’s stock valued at $37,000 after purchasing an additional 921 shares in the last quarter.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Zacks Research downgraded shares of PT Telekomunikasi Indonesia, Tbk from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 14th. 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. One investment analyst has rated the stock with a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Sell”.

PT Telekomunikasi Indonesia, Tbk Stock Performance

PT Telekomunikasi Indonesia, Tbk stock opened at $15.38 on Thursday. The stock has a 50-day simple moving average of $17.20 and a 200 day simple moving average of $19.52. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 0.16. PT Telekomunikasi Indonesia, Tbk has a 12-month low of $13.65 and a 12-month high of $23.51. The stock has a market capitalization of $15.23 billion, a price-to-earnings 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 released its quarterly earnings results 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. On average, research analysts anticipate that PT Telekomunikasi Indonesia, Tbk will post 2.04 earnings per share for the current fiscal year.

PT Telekomunikasi Indonesia, Tbk Cuts Dividend

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

About PT Telekomunikasi Indonesia, Tbk

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.