DGS Capital Management LLC Has $2.72 Million Stake in PT Telekomunikasi Indonesia, Tbk $TLK

DGS Capital Management LLC lifted its stake in PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) by 51.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 129,086 shares of the utilities provider’s stock after buying an additional 43,853 shares during the period. DGS Capital Management LLC’s holdings in PT Telekomunikasi Indonesia, Tbk were worth $2,717,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Brown Brothers Harriman & Co. increased its stake in PT Telekomunikasi Indonesia, Tbk by 828.9% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,319 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 1,177 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of PT Telekomunikasi Indonesia, Tbk during the 2nd quarter worth $25,000. Kestra Advisory Services LLC acquired a new stake in shares of PT Telekomunikasi Indonesia, Tbk during the 4th quarter worth $36,000. Smartleaf Asset Management LLC increased its position 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 purchasing an additional 921 shares during the period. Finally, Global Retirement Partners LLC bought a new position in shares of PT Telekomunikasi Indonesia, Tbk in the fourth quarter worth $40,000.

PT Telekomunikasi Indonesia, Tbk Stock Down 6.4%

Shares of TLK opened at $14.83 on Friday. PT Telekomunikasi Indonesia, Tbk has a one year low of $13.65 and a one year high of $23.51. The company has a market cap of $14.69 billion, a P/E ratio of 14.98, a P/E/G ratio of 2.89 and a beta of 0.34. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.92 and a quick ratio of 0.91. The firm has a 50 day simple moving average of $16.85 and a two-hundred day simple moving average of $19.26.

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

PT Telekomunikasi Indonesia, Tbk Cuts Dividend

The firm also recently disclosed an annual dividend, which will be paid on Monday, July 20th. Investors of record on Thursday, June 18th will be paid a $1.2214 dividend. The ex-dividend date of this dividend is Thursday, June 18th. This represents a yield of 824.0%. PT Telekomunikasi Indonesia, Tbk’s dividend payout ratio (DPR) is 106.06%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on TLK shares. Zacks Research downgraded 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. Two research analysts have rated the stock with a Sell rating, According to data from MarketBeat, the company has a consensus 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.