Kathmere Capital Management LLC Buys 5,702 Shares of Chunghwa Telecom Co., Ltd. (NYSE:CHT)

Kathmere Capital Management LLC grew its stake in Chunghwa Telecom Co., Ltd. (NYSE:CHT - Free Report) by 16.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 40,103 shares of the utilities provider's stock after buying an additional 5,702 shares during the period. Kathmere Capital Management LLC's holdings in Chunghwa Telecom were worth $1,572,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. D Orazio & Associates Inc. lifted its position in shares of Chunghwa Telecom by 4.5% in the first quarter. D Orazio & Associates Inc. now owns 6,008 shares of the utilities provider's stock worth $236,000 after buying an additional 259 shares during the last quarter. First Affirmative Financial Network lifted its position in shares of Chunghwa Telecom by 3.1% during the 1st quarter. First Affirmative Financial Network now owns 32,108 shares of the utilities provider's stock worth $1,259,000 after purchasing an additional 952 shares during the last quarter. BNP Paribas Financial Markets lifted its position in shares of Chunghwa Telecom by 617.4% during the 4th 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. Townsquare Capital LLC lifted its position in shares of Chunghwa Telecom by 16.5% during the 4th quarter. Townsquare Capital LLC now owns 12,617 shares of the utilities provider's stock worth $475,000 after purchasing an additional 1,787 shares during the last quarter. Finally, PDS Planning Inc lifted its position in shares of Chunghwa Telecom by 14.5% during the 4th quarter. PDS Planning Inc now owns 15,532 shares of the utilities provider's stock worth $585,000 after purchasing an additional 1,964 shares during the last quarter. Institutional investors and hedge funds own 2.11% of the company's stock.

Analyst Ratings Changes

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

CHT traded down $0.41 on Tuesday, hitting $44.04. 199,167 shares of the stock traded hands, compared to its average volume of 117,494. The business has a fifty day moving average price of $44.60 and a two-hundred day moving average price of $40.86. The company has a current ratio of 1.63, a quick ratio of 1.46 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $34.16 billion, a PE ratio of 29.56 and a beta of 0.25. Chunghwa Telecom Co., Ltd. has a 52 week low of $36.29 and a 52 week high of $47.03.

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

Chunghwa Telecom Increases Dividend

The company also recently declared an annual dividend, which will be paid on Friday, August 8th. Shareholders of record on Thursday, July 3rd will be issued a $1.6695 dividend. This is a boost from Chunghwa Telecom's previous annual dividend of $1.47. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a yield of 2.9%. Chunghwa Telecom's dividend payout ratio is 86.58%.

Chunghwa Telecom 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.