Kathmere Capital Management LLC Has $1.57 Million Stock Position in Chunghwa Telecom Co., Ltd. (NYSE:CHT)

Kathmere Capital Management LLC lifted its position in Chunghwa Telecom Co., Ltd. (NYSE:CHT - Free Report) by 16.6% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 40,103 shares of the utilities provider's stock after buying an additional 5,702 shares during the quarter. Kathmere Capital Management LLC's holdings in Chunghwa Telecom were worth $1,572,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Sequoia Financial Advisors LLC boosted its position in Chunghwa Telecom by 13.4% during the fourth quarter. Sequoia Financial Advisors LLC now owns 25,215 shares of the utilities provider's stock worth $949,000 after purchasing an additional 2,984 shares during the period. Mondrian Investment Partners LTD boosted its position in Chunghwa Telecom by 101.4% during the fourth quarter. Mondrian Investment Partners LTD now owns 236,641 shares of the utilities provider's stock worth $9,191,000 after purchasing an additional 119,143 shares during the period. Natixis Advisors LLC boosted its position in Chunghwa Telecom by 19.3% during the fourth quarter. Natixis Advisors LLC now owns 42,242 shares of the utilities provider's stock worth $1,590,000 after purchasing an additional 6,826 shares during the period. Corient Private Wealth LLC boosted its position in Chunghwa Telecom by 41.2% during the fourth quarter. Corient Private Wealth LLC now owns 35,932 shares of the utilities provider's stock worth $1,353,000 after purchasing an additional 10,487 shares during the period. Finally, Parallel Advisors LLC boosted its position in Chunghwa Telecom by 35.7% during the fourth quarter. Parallel Advisors LLC now owns 26,426 shares of the utilities provider's stock worth $995,000 after purchasing an additional 6,959 shares during the period. Institutional investors own 2.11% of the company's stock.

Wall Street Analysts Forecast Growth

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

Chunghwa Telecom Stock Performance

Shares of CHT stock traded up $0.24 during trading hours on Friday, reaching $44.51. 146,273 shares of the company's stock were exchanged, compared to its average volume of 117,200. Chunghwa Telecom Co., Ltd. has a fifty-two week low of $36.29 and a fifty-two week high of $47.03. The stock has a market capitalization of $34.53 billion, a P/E ratio of 29.87 and a beta of 0.25. The business has a fifty day moving average price of $44.59 and a 200-day moving average price of $40.82. The company has a quick ratio of 1.46, a current ratio of 1.63 and a debt-to-equity ratio of 0.06.

Chunghwa Telecom (NYSE:CHT - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The utilities provider reported $0.38 EPS for the quarter, hitting analysts' consensus estimates of $0.38. The company had revenue of $1.85 billion during the quarter, compared to analyst estimates of $56.11 billion. Chunghwa Telecom had a return on equity of 9.63% and a net margin of 16.29%. Analysts predict that Chunghwa Telecom Co., Ltd. will post 1.44 EPS for the current fiscal year.

Chunghwa Telecom Increases Dividend

The business also recently announced an annual dividend, which will be paid on Friday, August 8th. Stockholders of record on Thursday, July 3rd will be given 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 2.9%. The ex-dividend date is Thursday, July 3rd. Chunghwa Telecom's payout ratio is presently 87.25%.

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.