Chunghwa Telecom Co., Ltd. $CHT Stake Raised by Ethic Inc.

Key Points

• Ethic Inc. increased its holdings in Chunghwa Telecom Co., Ltd. by 12.1%, acquiring an additional 7,116 shares, bringing its total to 65,703 shares valued at $2,585,000 at the end of the last quarter.
• Chunghwa Telecom recently declared an annual dividend of $1.6695 per share, reflecting a significant increase from the previous year's $1.47, and representing a dividend yield of 290.0%.
• The company reported earnings per share of $0.43, exceeding analysts' estimates, alongside a revenue of $1.90 billion for the quarter.

Ethic Inc. boosted its stake in Chunghwa Telecom Co., Ltd. (NYSE:CHT - Free Report) by 12.1% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 65,703 shares of the utilities provider's stock after acquiring an additional 7,116 shares during the quarter. Ethic Inc.'s holdings in Chunghwa Telecom were worth $2,585,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the business. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Chunghwa Telecom by 15.0% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,116,747 shares of the utilities provider's stock valued at $43,788,000 after purchasing an additional 145,984 shares in the last quarter. Northern Trust Corp grew its stake in Chunghwa Telecom by 420.8% during the 4th quarter. Northern Trust Corp now owns 676,302 shares of the utilities provider's stock worth $25,463,000 after buying an additional 546,436 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Chunghwa Telecom by 0.8% in 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 in the last quarter. Rhumbline Advisers grew its stake in shares of Chunghwa Telecom by 3.5% in 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 in the last quarter. Finally, GAMMA Investing LLC grew 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 purchasing an additional 198,690 shares in the last quarter. 2.11% of the stock is owned by institutional investors and hedge funds.

Chunghwa Telecom Price Performance

CHT stock traded down $0.8150 during trading hours on Friday, hitting $44.6850. 146,570 shares of the stock traded hands, compared to its average volume of 124,912. The stock has a 50-day simple moving average of $45.01 and a 200 day simple moving average of $42.16. Chunghwa Telecom Co., Ltd. has a one year low of $36.61 and a one year high of $47.03. The company has a market cap of $34.66 billion, a P/E ratio of 29.21 and a beta of 0.26. The company has a current ratio of 1.15, a quick ratio of 1.05 and a debt-to-equity ratio of 0.06.

Chunghwa Telecom (NYSE:CHT - Get Free Report) last announced its earnings results on Tuesday, August 5th. The utilities provider reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.01. Chunghwa Telecom had a return on equity of 9.72% and a net margin of 16.27%.The business had revenue of $1.90 billion during the quarter, compared to analysts' expectations of $55.92 billion. Equities 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 was paid on Friday, August 8th. Stockholders of record on Thursday, July 3rd were issued a dividend of $1.6695 per share. This is a positive change 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 dividend payout ratio (DPR) is currently 84.97%.

About Chunghwa Telecom

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.