Public Employees Retirement System of Ohio Acquires 16,325 Shares of Chunghwa Telecom Co., Ltd. (NYSE:CHT)

Public Employees Retirement System of Ohio grew its holdings in Chunghwa Telecom Co., Ltd. (NYSE:CHT - Free Report) by 15.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 119,556 shares of the utilities provider's stock after acquiring an additional 16,325 shares during the quarter. Public Employees Retirement System of Ohio's holdings in Chunghwa Telecom were worth $4,501,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Ieq Capital LLC raised its stake in Chunghwa Telecom by 5.7% in the fourth quarter. Ieq Capital LLC now owns 5,621 shares of the utilities provider's stock valued at $212,000 after purchasing an additional 301 shares in the last quarter. First Affirmative Financial Network raised its stake in Chunghwa Telecom by 2.1% in the fourth quarter. First Affirmative Financial Network now owns 31,156 shares of the utilities provider's stock valued at $1,173,000 after purchasing an additional 655 shares in the last quarter. Lester Murray Antman dba SimplyRich raised its stake in Chunghwa Telecom by 5.7% in the fourth quarter. Lester Murray Antman dba SimplyRich now owns 14,896 shares of the utilities provider's stock valued at $560,000 after purchasing an additional 800 shares in the last quarter. V Square Quantitative Management LLC raised its stake in Chunghwa Telecom by 31.0% in the fourth quarter. V Square Quantitative Management LLC now owns 4,065 shares of the utilities provider's stock valued at $153,000 after purchasing an additional 961 shares in the last quarter. Finally, Waldron Private Wealth LLC raised its stake in Chunghwa Telecom by 23.0% in the fourth quarter. Waldron Private Wealth LLC now owns 6,736 shares of the utilities provider's stock valued at $254,000 after purchasing an additional 1,258 shares in the last quarter. Institutional investors and hedge funds own 2.11% of the company's stock.

Analyst Ratings Changes

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

Chunghwa Telecom Trading Down 0.6%

Shares of Chunghwa Telecom stock traded down $0.28 on Friday, hitting $43.41. The stock had a trading volume of 56,994 shares, compared to its average volume of 109,806. The stock has a 50 day moving average of $41.11 and a 200 day moving average of $39.29. Chunghwa Telecom Co., Ltd. has a twelve month low of $35.92 and a twelve month high of $44.44. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.29 and a current ratio of 1.47. The firm has a market capitalization of $33.68 billion, a P/E ratio of 29.13, a PEG ratio of 21.42 and a beta of 0.21.

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 (EPS) for the quarter, meeting the consensus estimate of $0.38. Chunghwa Telecom had a return on equity of 9.53% and a net margin of 16.18%. The company had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $56.11 billion. Sell-side analysts expect that Chunghwa Telecom Co., Ltd. will post 1.44 earnings per share for the current fiscal year.

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.