Chunghwa Telecom Co., Ltd. (NYSE:CHT - Get Free Report) shares hit a new 52-week high on Wednesday . The stock traded as high as $44.51 and last traded at $44.48, with a volume of 3159 shares changing hands. The stock had previously closed at $44.22.
Wall Street Analyst Weigh In
Separately, Wall Street Zen cut Chunghwa Telecom from a "buy" rating to a "hold" rating in a research report on Monday, April 14th.
Get Our Latest Stock Report on CHT
Chunghwa Telecom Stock Performance
The company has a quick ratio of 1.29, a current ratio of 1.47 and a debt-to-equity ratio of 0.06. The company's 50-day moving average is $42.16 and its two-hundred day moving average is $39.74. The company has a market capitalization of $35.37 billion, a P/E ratio of 30.60, a PEG ratio of 21.42 and a beta of 0.23.
Chunghwa Telecom (NYSE:CHT - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The utilities provider reported $0.38 earnings per share for the quarter, hitting the consensus estimate of $0.38. The company had revenue of $1.85 billion for the quarter, compared to analysts' expectations of $56.11 billion. Chunghwa Telecom had a net margin of 16.18% and a return on equity of 9.53%. Equities analysts anticipate that Chunghwa Telecom Co., Ltd. will post 1.44 earnings per share for the current fiscal year.
Chunghwa Telecom Increases Dividend
The business also recently disclosed an annual dividend, which will be paid on Friday, August 8th. Investors of record on Thursday, July 3rd will be given a $1.6695 dividend. This represents a dividend yield of 2.9%. This is a boost from Chunghwa Telecom's previous annual dividend of $1.47. The ex-dividend date of this dividend is Thursday, July 3rd. Chunghwa Telecom's dividend payout ratio is 75.84%.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of the business. D Orazio & Associates Inc. grew its position in Chunghwa Telecom by 4.5% during the first quarter. D Orazio & Associates Inc. now owns 6,008 shares of the utilities provider's stock valued at $236,000 after acquiring an additional 259 shares during the last quarter. Ieq Capital LLC grew its position in Chunghwa Telecom by 5.7% during the fourth quarter. Ieq Capital LLC now owns 5,621 shares of the utilities provider's stock valued at $212,000 after acquiring an additional 301 shares during the last quarter. Lindbrook Capital LLC grew its position in Chunghwa Telecom by 6.2% during the first quarter. Lindbrook Capital LLC now owns 5,585 shares of the utilities provider's stock valued at $219,000 after acquiring an additional 328 shares during the last quarter. PNC Financial Services Group Inc. grew its position in Chunghwa Telecom by 2.2% during the first quarter. PNC Financial Services Group Inc. now owns 16,196 shares of the utilities provider's stock valued at $635,000 after acquiring an additional 344 shares during the last quarter. Finally, Compound Planning Inc. grew its position in Chunghwa Telecom by 7.9% during the first quarter. Compound Planning Inc. now owns 8,221 shares of the utilities provider's stock valued at $322,000 after acquiring an additional 605 shares during the last quarter. 2.11% of the stock is currently owned by institutional investors.
Chunghwa Telecom Company Profile
(
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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