GAMMA Investing LLC Buys 198,690 Shares of Chunghwa Telecom Co., Ltd. (NYSE:CHT)

GAMMA Investing LLC grew its position in Chunghwa Telecom Co., Ltd. (NYSE:CHT - Free Report) by 6,440.5% in the first quarter, according to its most recent filing with the SEC. The fund owned 201,775 shares of the utilities provider's stock after acquiring an additional 198,690 shares during the period. GAMMA Investing LLC's holdings in Chunghwa Telecom were worth $7,912,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Bleakley Financial Group LLC raised its stake in shares of Chunghwa Telecom by 27.0% during the fourth quarter. Bleakley Financial Group LLC now owns 6,787 shares of the utilities provider's stock valued at $256,000 after acquiring an additional 1,444 shares during the last quarter. Lester Murray Antman dba SimplyRich raised its position in Chunghwa Telecom by 5.7% during the 4th quarter. Lester Murray Antman dba SimplyRich now owns 14,896 shares of the utilities provider's stock worth $560,000 after purchasing an additional 800 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in Chunghwa Telecom by 16.7% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 32,544 shares of the utilities provider's stock worth $1,218,000 after buying an additional 4,657 shares during the period. V Square Quantitative Management LLC grew its position in shares of Chunghwa Telecom by 31.0% in the 4th quarter. V Square Quantitative Management LLC now owns 4,065 shares of the utilities provider's stock valued at $153,000 after buying an additional 961 shares during the last quarter. Finally, Rhumbline Advisers increased its stake in shares of Chunghwa Telecom by 1.3% in the fourth quarter. Rhumbline Advisers now owns 255,514 shares of the utilities provider's stock valued at $9,620,000 after buying an additional 3,393 shares during the period. Institutional investors and hedge funds own 2.11% of the company's stock.

Chunghwa Telecom Trading Up 2.0%

NYSE CHT traded up $0.87 during mid-day trading on Thursday, reaching $45.26. 135,095 shares of the stock were exchanged, compared to its average volume of 111,962. The stock has a market cap of $35.11 billion, a P/E ratio of 30.38, a P/E/G ratio of 21.42 and a beta of 0.23. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.47 and a quick ratio of 1.29. Chunghwa Telecom Co., Ltd. has a one year low of $35.92 and a one year high of $45.42. The stock has a 50 day simple moving average of $41.86 and a 200-day simple moving average of $39.63.

Chunghwa Telecom (NYSE:CHT - Get Free Report) last issued its earnings results on Thursday, May 8th. The utilities provider reported $0.38 EPS for the quarter, meeting analysts' consensus estimates of $0.38. Chunghwa Telecom had a return on equity of 9.53% and a net margin of 16.18%. The business had revenue of $1.85 billion during the quarter, compared to analyst estimates of $56.11 billion. On average, analysts anticipate that Chunghwa Telecom Co., Ltd. will post 1.44 EPS for the current year.

Chunghwa Telecom Increases Dividend

The company also recently disclosed an annual dividend, which will be paid on Friday, August 8th. Shareholders of record on Thursday, July 3rd will be given a $1.6695 dividend. This represents a yield of 2.9%. This is an increase from Chunghwa Telecom's previous annual dividend of $1.47. The ex-dividend date of this dividend is Thursday, July 3rd. Chunghwa Telecom's dividend payout ratio is presently 75.84%.

Analysts Set New Price Targets

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

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.