8,471 Shares in Chunghwa Telecom Co., Ltd. (NYSE:CHT) Acquired by Bridgewater Advisors Inc.

Bridgewater Advisors Inc. acquired a new position in Chunghwa Telecom Co., Ltd. (NYSE:CHT - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 8,471 shares of the utilities provider's stock, valued at approximately $338,000.

Several other institutional investors have also added to or reduced their stakes in CHT. Northern Trust Corp lifted its stake in Chunghwa Telecom by 420.8% in the fourth quarter. Northern Trust Corp now owns 676,302 shares of the utilities provider's stock worth $25,463,000 after purchasing an additional 546,436 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Chunghwa Telecom by 6,440.5% during the first quarter. GAMMA Investing LLC now owns 201,775 shares of the utilities provider's stock valued at $7,912,000 after acquiring an additional 198,690 shares in the last quarter. Vident Advisory LLC raised its stake in shares of Chunghwa Telecom by 80.9% during the fourth quarter. Vident Advisory LLC now owns 138,978 shares of the utilities provider's stock valued at $5,233,000 after acquiring an additional 62,147 shares in the last quarter. Cerity Partners LLC raised its stake in shares of Chunghwa Telecom by 100.3% during the first quarter. Cerity Partners LLC now owns 79,367 shares of the utilities provider's stock valued at $3,112,000 after acquiring an additional 39,734 shares in the last quarter. Finally, American Century Companies Inc. raised its stake in shares of Chunghwa Telecom by 15.3% during the fourth quarter. American Century Companies Inc. now owns 255,122 shares of the utilities provider's stock valued at $9,605,000 after acquiring an additional 33,831 shares in the last quarter. Institutional investors own 2.11% of the company's stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded shares of Chunghwa Telecom from a "buy" rating to a "hold" rating in a research note on Monday, April 14th.

Chunghwa Telecom Trading Down 1.5%

Shares of Chunghwa Telecom stock traded down $0.65 on Friday, hitting $43.77. 166,704 shares of the company traded hands, compared to its average volume of 131,615. The stock's 50 day moving average price is $44.68 and its 200-day moving average price is $40.95. The company has a current ratio of 1.63, a quick ratio of 1.46 and a debt-to-equity ratio of 0.06. Chunghwa Telecom Co., Ltd. has a 52 week low of $36.29 and a 52 week high of $47.03. The company has a market cap of $33.95 billion, a PE ratio of 29.38 and a beta of 0.25.

Chunghwa Telecom (NYSE:CHT - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The utilities provider reported $0.38 earnings per share for the quarter, meeting the consensus estimate of $0.38. The firm had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $56.11 billion. Chunghwa Telecom had a net margin of 16.29% and a return on equity of 9.63%. Equities research analysts predict that Chunghwa Telecom Co., Ltd. will post 1.44 EPS for the current year.

Chunghwa Telecom Increases Dividend

The firm also recently disclosed an annual dividend, which will be paid on Friday, August 8th. Investors of record on Thursday, July 3rd will be paid a $1.6695 dividend. This is an increase from Chunghwa Telecom's previous annual dividend of $1.47. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a yield of 2.9%. Chunghwa Telecom's payout ratio is 87.25%.

About Chunghwa Telecom

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.