Ascent Group LLC raised its position in Chunghwa Telecom Co., Ltd. (NYSE:CHT - Free Report) by 120.3% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 15,718 shares of the utilities provider's stock after buying an additional 8,584 shares during the period. Ascent Group LLC's holdings in Chunghwa Telecom were worth $616,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. D Orazio & Associates Inc. increased its stake in Chunghwa Telecom by 4.5% in the 1st quarter. D Orazio & Associates Inc. now owns 6,008 shares of the utilities provider's stock valued at $236,000 after buying an additional 259 shares during the last quarter. Lindbrook Capital LLC grew its position in shares of Chunghwa Telecom by 6.2% during the 1st 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 period. PNC Financial Services Group Inc. grew its position in shares of Chunghwa Telecom by 2.2% during the 1st 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 period. Compound Planning Inc. grew its position in shares of Chunghwa Telecom by 7.9% during the 1st 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 period. Finally, Invesco Ltd. grew its position in shares of Chunghwa Telecom by 8.7% during the 1st quarter. Invesco Ltd. now owns 10,422 shares of the utilities provider's stock valued at $409,000 after acquiring an additional 834 shares during the period. Hedge funds and other institutional investors own 2.11% of the company's stock.
Chunghwa Telecom Stock Performance
Shares of Chunghwa Telecom stock traded down $0.32 on Tuesday, reaching $44.67. 28,005 shares of the company traded hands, compared to its average volume of 128,347. Chunghwa Telecom Co., Ltd. has a 52 week low of $36.61 and a 52 week high of $47.03. The company has a 50 day moving average of $44.38 and a 200 day moving average of $42.79. The firm has a market capitalization of $34.65 billion, a PE ratio of 29.22 and a beta of 0.27. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.15 and a quick ratio of 1.05.
Chunghwa Telecom (NYSE:CHT - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The utilities provider reported $0.43 EPS for the quarter, topping the consensus estimate of $0.42 by $0.01. The company had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $55.92 billion. Chunghwa Telecom had a net margin of 16.27% and a return on equity of 9.72%. Equities analysts forecast that Chunghwa Telecom Co., Ltd. will post 1.44 earnings per share for the current year.
Chunghwa Telecom Profile
(
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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