Chunghwa Telecom Co., Ltd. (NYSE:CHT - Get Free Report) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $46.91 and last traded at $46.54, with a volume of 11758 shares trading hands. The stock had previously closed at $46.15.
Wall Street Analyst Weigh In
Separately, Wall Street Zen downgraded Chunghwa Telecom from a "buy" rating to a "hold" rating in a research report on Monday, April 14th.
Check Out Our Latest Stock Report on Chunghwa Telecom
Chunghwa Telecom Trading Up 1.1%
The stock has a market cap of $36.30 billion, a P/E ratio of 31.41 and a beta of 0.23. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.46 and a current ratio of 1.63. The company has a 50-day simple moving average of $43.24 and a 200-day simple moving average of $40.16.
Chunghwa Telecom (NYSE:CHT - Get Free Report) last released its earnings results on Thursday, May 8th. The utilities provider reported $0.38 earnings per share for the quarter, hitting analysts' consensus estimates of $0.38. The company had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $56.11 billion. Chunghwa Telecom had a return on equity of 9.63% and a net margin of 16.29%. On average, sell-side analysts forecast that Chunghwa Telecom Co., Ltd. will post 1.44 EPS for the current fiscal year.
Chunghwa Telecom Increases Dividend
The company also recently announced an annual dividend, which will be paid on Friday, August 8th. Stockholders of record on Thursday, July 3rd will be given a dividend of $1.6695 per share. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a dividend yield of 2.9%. This is an increase from Chunghwa Telecom's previous annual dividend of $1.47. Chunghwa Telecom's payout ratio is presently 75.84%.
Institutional Investors Weigh In On Chunghwa Telecom
A number of institutional investors and hedge funds have recently made changes to their positions in the company. BNP Paribas Financial Markets increased its holdings in Chunghwa Telecom by 617.4% in the fourth quarter. BNP Paribas Financial Markets now owns 1,693 shares of the utilities provider's stock valued at $64,000 after purchasing an additional 1,457 shares during the last quarter. US Bancorp DE increased its holdings in Chunghwa Telecom by 15.3% in the fourth quarter. US Bancorp DE now owns 33,206 shares of the utilities provider's stock valued at $1,250,000 after purchasing an additional 4,416 shares during the last quarter. Natixis Advisors LLC increased its holdings in Chunghwa Telecom by 19.3% in the fourth quarter. Natixis Advisors LLC now owns 42,242 shares of the utilities provider's stock valued at $1,590,000 after purchasing an additional 6,826 shares during the last quarter. Invesco Ltd. increased its holdings in Chunghwa Telecom by 40.0% in the fourth quarter. Invesco Ltd. now owns 9,588 shares of the utilities provider's stock valued at $361,000 after purchasing an additional 2,738 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV bought a new stake in Chunghwa Telecom in the fourth quarter valued at about $266,000. Institutional investors own 2.11% of the company's stock.
About Chunghwa Telecom
(
Get Free Report)
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.
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