46,889 Shares in Chunghwa Telecom Co., Ltd. $CHT Purchased by Nykredit A S

Key Points

• Nykredit A/S acquired 46,889 shares of Chunghwa Telecom during the second quarter, valued at approximately $2.1 million. Several other institutional investors also increased their positions, though institutions collectively own only 2.11% of the company.
• Chunghwa Telecom shares opened at $46.11, near their 12-month high of $46.48, while the company reported quarterly EPS of $0.43 on $1.93 billion in revenue.
• Analyst sentiment remains cautious: Zacks Research upgraded the stock from “strong sell” to “hold,” and the overall consensus rating is Hold.

Nykredit A S acquired a new stake in Chunghwa Telecom Co., Ltd. (NYSE:CHT - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 46,889 shares of the utilities provider's stock, valued at approximately $2,075,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Cornerstone Financial Management LLC raised its holdings in Chunghwa Telecom by 153.7% in the 2nd quarter. Cornerstone Financial Management LLC now owns 728 shares of the utilities provider's stock valued at $32,000 after acquiring an additional 441 shares in the last quarter. Corient Private Wealth LP lifted its holdings in shares of Chunghwa Telecom by 15.0% during the 2nd quarter. Corient Private Wealth LP now owns 44,861 shares of the utilities provider's stock worth $1,986,000 after acquiring an additional 5,839 shares during the period. HB Wealth Management LLC lifted its holdings in shares of Chunghwa Telecom by 89.8% during the 2nd quarter. HB Wealth Management LLC now owns 11,016 shares of the utilities provider's stock worth $488,000 after acquiring an additional 5,211 shares during the period. Angeles Wealth Management LLC acquired a new stake in shares of Chunghwa Telecom during the 2nd quarter worth approximately $221,000. Finally, Syon Capital LLC increased its stake in Chunghwa Telecom by 6.5% in the second quarter. Syon Capital LLC now owns 10,293 shares of the utilities provider's stock valued at $456,000 after acquiring an additional 626 shares during the last quarter. Institutional investors and hedge funds own 2.11% of the company's stock.

Chunghwa Telecom Stock Up 0.5%

Shares of CHT opened at $46.11 on Wednesday. The stock's 50-day moving average price is $43.34 and its two-hundred day moving average price is $43.48. Chunghwa Telecom Co., Ltd. has a 12 month low of $39.28 and a 12 month high of $46.48. The company has a market capitalization of $35.77 billion, a PE ratio of 27.95, a PEG ratio of 2.08 and a beta of 0.29. The company has a current ratio of 1.22, a quick ratio of 1.07 and a debt-to-equity ratio of 0.06.

Chunghwa Telecom (NYSE:CHT - Get Free Report) last announced its earnings results on Tuesday, June 30th. The utilities provider reported $0.43 EPS for the quarter. The business had revenue of $1.93 billion for the quarter. Chunghwa Telecom had a return on equity of 10.00% and a net margin of 16.11%. On average, analysts anticipate that Chunghwa Telecom Co., Ltd. will post 1.53 EPS for the current year.

Analyst Ratings Changes

A number of research firms have recently commented on CHT. Zacks Research raised Chunghwa Telecom from a "strong sell" rating to a "hold" rating in a report on Thursday, September 17th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Chunghwa Telecom in a research note on Friday, July 17th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Chunghwa Telecom currently has a consensus rating of "Hold".

Chunghwa Telecom Profile

Chunghwa Telecom Co, Ltd. is Taiwan's largest integrated telecommunications provider and the issuer of American depositary shares traded on the New York Stock Exchange under the symbol CHT. The company provides fixed-line voice services, mobile communications, broadband internet access and related telecommunications services to residential, business and government customers.

Its consumer offerings also include multimedia and digital entertainment services, such as its MOD television platform, while its enterprise business provides information and communications technology solutions, cloud services, data-center operations, cybersecurity, managed networks and other digital services.

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