Vanguard Group Inc. Has $83.32 Million Holdings in Chunghwa Telecom Co., Ltd. $CHT

Key Points

• Vanguard Group Inc. has decreased its stake in Chunghwa Telecom by 3.6%, now owning 2,124,924 shares worth approximately $83.3 million.
• Chunghwa Telecom recently increased its annual dividend to $1.6695 per share, representing a yield of 290.0%, up from the previous dividend of $1.47.
• The company reported earnings of $0.43 per share for the last quarter, slightly exceeding the consensus estimate of $0.42, with a revenue of $1.90 billion.

Vanguard Group Inc. reduced its position in shares of Chunghwa Telecom Co., Ltd. (NYSE:CHT - Free Report) by 3.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,124,924 shares of the utilities provider's stock after selling 79,310 shares during the period. Vanguard Group Inc. owned about 0.27% of Chunghwa Telecom worth $83,318,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Northern Trust Corp grew its holdings in shares of Chunghwa Telecom by 420.8% during 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. Dimensional Fund Advisors LP grew its holdings in shares of Chunghwa Telecom by 0.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 424,763 shares of the utilities provider's stock worth $16,003,000 after purchasing an additional 3,416 shares during the last quarter. Rhumbline Advisers grew its holdings in shares of Chunghwa Telecom by 3.5% during the first quarter. Rhumbline Advisers now owns 264,373 shares of the utilities provider's stock worth $10,366,000 after purchasing an additional 8,859 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Chunghwa Telecom by 6,440.5% in the first quarter. GAMMA Investing LLC now owns 201,775 shares of the utilities provider's stock worth $7,912,000 after acquiring an additional 198,690 shares during the period. Finally, Vident Advisory LLC lifted its stake in shares of Chunghwa Telecom by 80.9% in the fourth quarter. Vident Advisory LLC now owns 138,978 shares of the utilities provider's stock worth $5,233,000 after acquiring an additional 62,147 shares during the period. 2.11% of the stock is currently owned by institutional investors.

Chunghwa Telecom Trading Down 0.6%

Shares of Chunghwa Telecom stock traded down $0.28 during midday trading on Friday, reaching $43.56. The company had a trading volume of 101,695 shares, compared to its average volume of 135,075. The stock has a fifty day moving average price of $44.80 and a 200 day moving average price of $42.32. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.15 and a quick ratio of 1.05. The firm has a market cap of $33.79 billion, a PE ratio of 28.47 and a beta of 0.26. Chunghwa Telecom Co., Ltd. has a fifty-two week low of $36.61 and a fifty-two week high of $47.03.

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

Chunghwa Telecom Increases Dividend

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