Jones Financial Companies Lllp Buys 26,269 Shares of Chunghwa Telecom Co., Ltd. $CHT

Key Points

• Jones Financial Companies Lllp significantly increased its holdings in Chunghwa Telecom Co., Ltd. by 26,269.0%, now owning 26,369 shares valued at approximately $1.03 million.
• Other hedge funds also expanded their stakes in Chunghwa Telecom, with GAMMA Investing LLC increasing its position by 66.8% and BNP Paribas Financial Markets by 617.4%.
• Chunghwa Telecom reported earnings of $0.43 per share for the last quarter, exceeding analysts' estimates of $0.42.

Jones Financial Companies Lllp lifted its holdings in Chunghwa Telecom Co., Ltd. (NYSE:CHT - Free Report) by 26,269.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,369 shares of the utilities provider's stock after purchasing an additional 26,269 shares during the quarter. Jones Financial Companies Lllp's holdings in Chunghwa Telecom were worth $1,034,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of CHT. Mercer Global Advisors Inc. ADV purchased a new position in shares of Chunghwa Telecom in the fourth quarter worth $266,000. BNP Paribas Financial Markets raised 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 purchasing an additional 1,457 shares during the last quarter. Quantinno Capital Management LP raised its stake in shares of Chunghwa Telecom by 46.2% in the fourth quarter. Quantinno Capital Management LP now owns 29,190 shares of the utilities provider's stock worth $1,099,000 after purchasing an additional 9,219 shares during the last quarter. Vident Advisory LLC raised its stake in shares of Chunghwa Telecom by 80.9% in the fourth quarter. Vident Advisory LLC now owns 138,978 shares of the utilities provider's stock worth $5,233,000 after purchasing an additional 62,147 shares during the last quarter. Finally, Public Employees Retirement System of Ohio raised its stake in shares of Chunghwa Telecom by 15.8% in the fourth quarter. Public Employees Retirement System of Ohio now owns 119,556 shares of the utilities provider's stock worth $4,501,000 after purchasing an additional 16,325 shares during the last quarter. Hedge funds and other institutional investors own 2.11% of the company's stock.

Chunghwa Telecom Stock Down 0.8%

Shares of CHT stock traded down $0.36 during mid-day trading on Thursday, hitting $44.42. The company's stock had a trading volume of 71,008 shares, compared to its average volume of 111,193. Chunghwa Telecom Co., Ltd. has a 52-week low of $36.61 and a 52-week high of $47.03. The business has a 50-day moving average price of $44.40 and a 200 day moving average price of $42.86. 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 stock has a market cap of $34.46 billion, a price-to-earnings ratio of 29.03 and a beta of 0.27.

Chunghwa Telecom (NYSE:CHT - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The utilities provider reported $0.43 EPS for the quarter, beating analysts' consensus estimates of $0.42 by $0.01. The company had revenue of $1.90 billion during the quarter, compared to analysts' expectations of $55.92 billion. Chunghwa Telecom had a return on equity of 9.72% and a net margin of 16.27%. Research analysts predict that Chunghwa Telecom Co., Ltd. will post 1.44 EPS for the current fiscal year.

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.