Cerity Partners LLC boosted its position in shares of Chunghwa Telecom Co., Ltd. (NYSE:CHT - Free Report) by 100.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 79,367 shares of the utilities provider's stock after acquiring an additional 39,734 shares during the period. Cerity Partners LLC's holdings in Chunghwa Telecom were worth $3,112,000 as of its most recent SEC filing.
A number of other hedge funds have also recently made changes to their positions in CHT. GAMMA Investing LLC increased its holdings in Chunghwa Telecom by 66.8% in the 1st quarter. GAMMA Investing LLC now owns 5,146 shares of the utilities provider's stock worth $202,000 after acquiring an additional 2,061 shares in the last quarter. BNP Paribas Financial Markets lifted its position in shares of Chunghwa Telecom by 617.4% during the fourth quarter. BNP Paribas Financial Markets now owns 1,693 shares of the utilities provider's stock worth $64,000 after purchasing an additional 1,457 shares during the last quarter. Natixis Advisors LLC increased its stake in shares of Chunghwa Telecom by 19.3% during the fourth quarter. Natixis Advisors LLC now owns 42,242 shares of the utilities provider's stock valued at $1,590,000 after buying an additional 6,826 shares during the period. Invesco Ltd. increased its stake in shares of Chunghwa Telecom by 40.0% during the fourth quarter. Invesco Ltd. now owns 9,588 shares of the utilities provider's stock valued at $361,000 after buying an additional 2,738 shares during the period. Finally, Mercer Global Advisors Inc. ADV bought a new position in Chunghwa Telecom in the fourth quarter worth about $266,000. 2.11% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Separately, Wall Street Zen cut Chunghwa Telecom from a "buy" rating to a "hold" rating in a report on Monday, April 14th.
Read Our Latest Stock Analysis on CHT
Chunghwa Telecom Stock Performance
Shares of NYSE CHT traded up $0.34 during mid-day trading on Tuesday, hitting $44.13. The company had a trading volume of 107,011 shares, compared to its average volume of 118,278. Chunghwa Telecom Co., Ltd. has a 12 month low of $36.40 and a 12 month high of $47.03. The stock has a market cap of $34.23 billion, a price-to-earnings ratio of 29.62 and a beta of 0.25. The firm's 50 day simple moving average is $44.70 and its two-hundred day simple moving average is $41.04. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.63 and a quick ratio of 1.46.
Chunghwa Telecom (NYSE:CHT - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The utilities provider reported $0.38 earnings per share for the quarter, meeting the consensus estimate of $0.38. The company had revenue of $1.85 billion for the quarter, compared to analyst estimates of $56.11 billion. Chunghwa Telecom had a return on equity of 9.63% and a net margin of 16.29%. As a group, equities research analysts forecast that Chunghwa Telecom Co., Ltd. will post 1.44 earnings per share for the current year.
Chunghwa Telecom Increases Dividend
The business also recently announced an annual dividend, which will be paid on Friday, August 8th. Stockholders of record on Thursday, July 3rd will be given a dividend of $1.6695 per share. This is an increase from Chunghwa Telecom's previous annual dividend of $1.47. This represents a dividend yield of 2.9%. The ex-dividend date is Thursday, July 3rd. Chunghwa Telecom's dividend payout ratio is currently 87.25%.
About Chunghwa Telecom
(
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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