Dimensional Fund Advisors LP increased its holdings in shares of Chunghwa Telecom Co., Ltd. (NYSE:CHT - Free Report) by 6.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 548,080 shares of the utilities provider's stock after purchasing an additional 31,280 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.07% of Chunghwa Telecom worth $23,145,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Smartleaf Asset Management LLC purchased a new stake in Chunghwa Telecom in the second quarter valued at approximately $53,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of Chunghwa Telecom in the fourth quarter valued at about $59,000. Inspire Investing LLC purchased a new stake in shares of Chunghwa Telecom in the fourth quarter valued at about $75,000. SG Americas Securities LLC acquired a new position in shares of Chunghwa Telecom during the fourth quarter worth about $130,000. Finally, Focus Partners Wealth acquired a new position in shares of Chunghwa Telecom during the third quarter worth about $143,000. 2.11% of the stock is owned by hedge funds and other institutional investors.
Chunghwa Telecom Stock Performance
NYSE CHT opened at $42.23 on Friday. Chunghwa Telecom Co., Ltd. has a 1-year low of $39.28 and a 1-year high of $46.48. The company has a market capitalization of $32.76 billion, a P/E ratio of 25.60, a PEG ratio of 1.90 and a beta of 0.29. The business has a 50 day moving average price of $43.83 and a 200 day moving average price of $43.21. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.64 and a quick ratio of 1.46.
Chunghwa Telecom (NYSE:CHT - Get Free Report) last released its quarterly earnings data on Tuesday, June 30th. The utilities provider reported $0.43 EPS for the quarter. The business had revenue of $1.93 billion for the quarter. Chunghwa Telecom had a net margin of 16.11% and a return on equity of 9.84%. Sell-side analysts expect that Chunghwa Telecom Co., Ltd. will post 1.53 EPS for the current fiscal year.
Chunghwa Telecom Cuts Dividend
The business also recently declared an annual dividend, which will be paid on Friday, August 14th. Stockholders of record on Thursday, July 9th will be issued a $1.6525 dividend. This represents a dividend yield of 398.0%. The ex-dividend date of this dividend is Thursday, July 9th. Chunghwa Telecom's payout ratio is 78.66%.
Analyst Upgrades and Downgrades
A number of brokerages have weighed in on CHT. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Chunghwa Telecom in a report on Friday, July 17th. Zacks Research downgraded Chunghwa Telecom from a "hold" rating to a "strong sell" rating in a research note on Wednesday, July 22nd. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Reduce".
Check Out Our Latest Stock Analysis on Chunghwa Telecom
About Chunghwa Telecom
(
Free Report)
Chunghwa Telecom Co, Ltd. is the largest integrated telecommunications service provider in Taiwan, serving both consumer and enterprise customers across the island and through international telecommunications links. The company offers a full range of voice, data and multimedia services and operates as the incumbent fixed-line operator while also competing in mobile, broadband and enterprise markets. Its network footprint and traffic interchange capabilities support domestic communications and cross-border connectivity for carriers and multinational businesses.
Chunghwa Telecom's product and service portfolio includes fixed-line telephony, mobile services (including 4G and 5G wireless access), broadband internet (DSL and fiber-to-the-home), and IPTV.
Further Reading
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