Ethic Inc. Lowers Stake in Chunghwa Telecom Co., Ltd. (NYSE:CHT)

Ethic Inc. decreased its holdings in shares of Chunghwa Telecom Co., Ltd. (NYSE:CHT - Free Report) by 9.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 58,587 shares of the utilities provider's stock after selling 5,850 shares during the quarter. Ethic Inc.'s holdings in Chunghwa Telecom were worth $2,206,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. BNP Paribas Financial Markets grew its stake in shares of Chunghwa Telecom by 617.4% during the fourth quarter. BNP Paribas Financial Markets now owns 1,693 shares of the utilities provider's stock valued at $64,000 after buying an additional 1,457 shares during the last quarter. Mercer Global Advisors Inc. ADV bought a new position in shares of Chunghwa Telecom during the fourth quarter valued at approximately $266,000. Northern Trust Corp grew its stake in shares of Chunghwa Telecom by 420.8% during the fourth quarter. Northern Trust Corp now owns 676,302 shares of the utilities provider's stock valued at $25,463,000 after buying an additional 546,436 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in shares of Chunghwa Telecom by 1,235.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 21,028 shares of the utilities provider's stock valued at $792,000 after buying an additional 19,453 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Chunghwa Telecom by 0.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 424,763 shares of the utilities provider's stock valued at $16,003,000 after buying an additional 3,416 shares during the last quarter. Institutional investors own 2.11% of the company's stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Chunghwa Telecom from a "buy" rating to a "hold" rating in a research note on Monday, April 14th.

Chunghwa Telecom Trading Up 0.2%

NYSE:CHT traded up $0.09 during midday trading on Friday, hitting $43.65. The stock had a trading volume of 79,152 shares, compared to its average volume of 107,945. Chunghwa Telecom Co., Ltd. has a one year low of $35.92 and a one year high of $44.36. The company has a market capitalization of $33.86 billion, a price-to-earnings ratio of 29.29, a PEG ratio of 21.42 and a beta of 0.21. The stock has a 50-day moving average of $40.13 and a 200 day moving average of $38.88. The company has a quick ratio of 1.29, a current ratio of 1.47 and a debt-to-equity ratio of 0.06.

Chunghwa Telecom (NYSE:CHT - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The utilities provider reported $0.38 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.38. Chunghwa Telecom had a return on equity of 9.53% and a net margin of 16.18%. The company had revenue of $1.85 billion for the quarter, compared to analysts' expectations of $56.11 billion. As a group, sell-side analysts forecast that Chunghwa Telecom Co., Ltd. will post 1.44 EPS for the current year.

Chunghwa Telecom Profile

Chunghwa Telecom Co, Ltd., together with its subsidiaries, provides telecommunication services in Taiwan and internationally. It operates through Consumer Business, Enterprise Business, International Business, and Others segments. The company offers local, domestic long distance, and international long distance fixed-line telephone services; mobile services such as prepaid and postpaid plans; broadband plans; and internet and data services.