Chunghwa Telecom Co., Ltd. $CHT Shares Bought 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. grew its holdings in Chunghwa Telecom Co., Ltd. (NYSE:CHT - Free Report) by 12.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 65,703 shares of the utilities provider's stock after buying an additional 7,116 shares during the quarter. Ethic Inc.'s holdings in Chunghwa Telecom were worth $2,585,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Cullen Frost Bankers Inc. purchased a new stake in shares of Chunghwa Telecom in the first quarter valued at approximately $41,000. BNP Paribas Financial Markets boosted its stake 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 worth $64,000 after acquiring an additional 1,457 shares during the last quarter. GeoWealth Management LLC acquired a new stake in shares of Chunghwa Telecom in the fourth quarter worth approximately $117,000. GAMMA Investing LLC boosted its stake 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 worth $202,000 after acquiring an additional 2,061 shares during the last quarter. Finally, Xponance Inc. acquired a new stake in shares of Chunghwa Telecom in the first quarter worth approximately $204,000. 2.11% of the stock is currently owned by hedge funds and other institutional investors.

Chunghwa Telecom Price Performance

Shares of NYSE:CHT traded down $0.7950 during trading on Friday, reaching $44.7050. The stock had a trading volume of 115,913 shares, compared to its average volume of 130,137. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.05 and a current ratio of 1.15. The business has a fifty day moving average price of $45.03 and a 200-day moving average price of $42.09. The stock has a market cap of $34.68 billion, a PE ratio of 29.22 and a beta of 0.26. Chunghwa Telecom Co., Ltd. has a 1-year low of $36.61 and a 1-year high of $47.03.

Chunghwa Telecom (NYSE:CHT - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The utilities provider reported $0.43 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.42 by $0.01. The firm had revenue of $1.90 billion for the quarter, compared to analyst estimates of $55.92 billion. Chunghwa Telecom had a return on equity of 9.72% and a net margin of 16.27%. On average, equities analysts forecast that Chunghwa Telecom Co., Ltd. will post 1.44 earnings per share for the current fiscal year.

Chunghwa Telecom Increases Dividend

The business also recently disclosed an annual dividend, which was paid on Friday, August 8th. Shareholders of record on Thursday, July 3rd were paid a dividend of $1.6695 per share. This represents a yield of 290.0%. This is an increase from Chunghwa Telecom's previous annual dividend of $1.47. The ex-dividend date of this dividend was Thursday, July 3rd. Chunghwa Telecom's dividend payout ratio is presently 84.97%.

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.