Crossmark Global Holdings Inc. Has $3.54 Million Stake in Chunghwa Telecom Co., Ltd. (NYSE:CHT)

Crossmark Global Holdings Inc. reduced its stake in Chunghwa Telecom Co., Ltd. (NYSE:CHT - Free Report) by 10.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 90,260 shares of the utilities provider's stock after selling 10,032 shares during the period. Crossmark Global Holdings Inc.'s holdings in Chunghwa Telecom were worth $3,539,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. BNP Paribas Financial Markets increased its holdings in shares of Chunghwa Telecom by 617.4% in the fourth quarter. BNP Paribas Financial Markets now owns 1,693 shares of the utilities provider's stock valued at $64,000 after purchasing an additional 1,457 shares during the last quarter. GeoWealth Management LLC bought a new stake in shares of Chunghwa Telecom in the fourth quarter valued at about $117,000. GAMMA Investing LLC boosted 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 valued at $202,000 after acquiring an additional 2,061 shares during the period. D Orazio & Associates Inc. boosted its position in shares of Chunghwa Telecom by 4.5% in the first quarter. D Orazio & Associates Inc. now owns 6,008 shares of the utilities provider's stock valued at $236,000 after acquiring an additional 259 shares during the period. Finally, Mercer Global Advisors Inc. ADV bought a new stake in shares of Chunghwa Telecom in the fourth quarter valued at about $266,000. 2.11% of the stock is currently owned by institutional investors and hedge funds.

Chunghwa Telecom Price Performance

CHT traded down $0.24 on Wednesday, hitting $44.09. 143,145 shares of the stock were exchanged, compared to its average volume of 116,748. Chunghwa Telecom Co., Ltd. has a 12 month low of $35.92 and a 12 month high of $47.03. The business has a 50-day moving average of $44.39 and a two-hundred day moving average of $40.67. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.63 and a quick ratio of 1.46. The firm has a market capitalization of $34.20 billion, a price-to-earnings ratio of 29.59 and a beta of 0.25.

Chunghwa Telecom (NYSE:CHT - Get Free Report) last posted its earnings results on Thursday, May 8th. The utilities provider reported $0.38 EPS for the quarter, hitting analysts' consensus estimates of $0.38. The firm had revenue of $1.85 billion during the quarter, compared to analysts' expectations of $56.11 billion. Chunghwa Telecom had a net margin of 16.29% and a return on equity of 9.63%. Sell-side analysts forecast that Chunghwa Telecom Co., Ltd. will post 1.44 EPS for the current fiscal 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 issued a $1.6695 dividend. This represents a yield of 2.9%. The ex-dividend date is Thursday, July 3rd. This is a positive change from Chunghwa Telecom's previous annual dividend of $1.47. Chunghwa Telecom's dividend payout ratio (DPR) is 86.58%.

Analyst Ratings Changes

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

Chunghwa Telecom Company 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.