Chunghwa Telecom Co., Ltd. $CHT Shares Acquired by American Century Companies Inc.

Key Points

• American Century Companies Inc. increased its holdings in Chunghwa Telecom by 9.8%, owning 280,185 shares valued at approximately $10.99 million after acquiring an additional 25,063 shares.
• Chunghwa Telecom has reported a quarterly earnings per share (EPS) of $0.43, surpassing analysts' expectations, and plans to post an EPS of 1.44 for the current fiscal year.
• The company announced an increase in its annual dividend to $1.6695, reflecting a significant yield of 290.0% with a payout ratio of 84.97%.

American Century Companies Inc. raised its stake in Chunghwa Telecom Co., Ltd. (NYSE:CHT - Free Report) by 9.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 280,185 shares of the utilities provider's stock after acquiring an additional 25,063 shares during the period. American Century Companies Inc.'s holdings in Chunghwa Telecom were worth $10,986,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. GAMMA Investing LLC lifted its position in shares of Chunghwa Telecom by 66.8% in the first quarter. GAMMA Investing LLC now owns 5,146 shares of the utilities provider's stock worth $202,000 after buying an additional 2,061 shares in the last quarter. BNP Paribas Financial Markets increased its stake in Chunghwa Telecom by 617.4% in the 4th quarter. BNP Paribas Financial Markets now owns 1,693 shares of the utilities provider's stock worth $64,000 after acquiring an additional 1,457 shares during the last quarter. Xponance Inc. purchased a new stake in shares of Chunghwa Telecom during the 1st quarter worth approximately $204,000. Cerity Partners LLC raised its holdings in shares of Chunghwa Telecom by 100.3% during the 1st quarter. Cerity Partners LLC now owns 79,367 shares of the utilities provider's stock worth $3,112,000 after acquiring an additional 39,734 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted 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 last quarter. Hedge funds and other institutional investors own 2.11% of the company's stock.

Chunghwa Telecom Price Performance

Chunghwa Telecom stock traded down $0.28 during mid-day trading on Monday, reaching $43.56. 101,695 shares of the company's stock traded hands, compared to its average volume of 134,256. The company has a market cap of $33.79 billion, a price-to-earnings ratio of 28.47 and a beta of 0.27. The company has a quick ratio of 1.05, a current ratio of 1.15 and a debt-to-equity ratio of 0.06. The stock has a 50 day moving average of $44.80 and a two-hundred day moving average of $42.37. Chunghwa Telecom Co., Ltd. has a 12-month low of $36.61 and a 12-month high of $47.03.

Chunghwa Telecom (NYSE:CHT - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The utilities provider reported $0.43 EPS for the quarter, topping the consensus estimate of $0.42 by $0.01. Chunghwa Telecom had a net margin of 16.27% and a return on equity of 9.72%. The business had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $55.92 billion. Equities analysts forecast that Chunghwa Telecom Co., Ltd. will post 1.44 earnings per share for the current year.

Chunghwa Telecom Increases Dividend

The firm also recently declared an annual dividend, which was paid on Friday, August 15th. Shareholders of record on Thursday, July 3rd were paid a $1.6695 dividend. This is a boost from Chunghwa Telecom's previous annual dividend of $1.47. This represents a yield of 290.0%. The ex-dividend date was Thursday, July 3rd. Chunghwa Telecom's payout ratio is 84.97%.

Chunghwa Telecom Profile

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.