Mondrian Investment Partners LTD Decreases Stock Holdings in Chunghwa Telecom Co., Ltd. (NYSE:CHT)

Key Points

• Mondrian Investment Partners LTD reduced its stake in Chunghwa Telecom Co., Ltd. by 15%, selling 35,488 shares and holding a total of 201,153 shares worth approximately $7.89 million.
• Chunghwa Telecom recently announced a dividend increase, raising its annual dividend to $1.6695 from $1.47, which reflects a significant dividend yield of 290.0%.
• As of the recent trading session, Chunghwa Telecom's shares were priced at $45.27, with a 12-month range between $36.61 and $47.03.

Mondrian Investment Partners LTD lessened its holdings in Chunghwa Telecom Co., Ltd. (NYSE:CHT - Free Report) by 15.0% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 201,153 shares of the utilities provider's stock after selling 35,488 shares during the period. Mondrian Investment Partners LTD's holdings in Chunghwa Telecom were worth $7,887,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of CHT. Cullen Frost Bankers Inc. purchased a new stake in shares of Chunghwa Telecom during the first quarter valued at $41,000. BNP Paribas Financial Markets boosted its stake in shares of Chunghwa Telecom by 617.4% during the fourth quarter. BNP Paribas Financial Markets now owns 1,693 shares of the utilities provider's stock valued at $64,000 after purchasing an additional 1,457 shares during the period. GeoWealth Management LLC purchased a new stake in shares of Chunghwa Telecom during the fourth quarter valued at $117,000. GAMMA Investing LLC boosted its stake in shares of Chunghwa Telecom by 66.8% during the first quarter. GAMMA Investing LLC now owns 5,146 shares of the utilities provider's stock valued at $202,000 after purchasing an additional 2,061 shares during the period. Finally, Xponance Inc. purchased a new stake in shares of Chunghwa Telecom during the first quarter valued at $204,000. Institutional investors own 2.11% of the company's stock.

Chunghwa Telecom Trading Down 0.5%

Shares of CHT traded down $0.22 during trading hours on Friday, reaching $44.87. 55,842 shares of the company traded hands, compared to its average volume of 128,297. The firm has a market cap of $34.81 billion, a price-to-earnings ratio of 29.33 and a beta of 0.26. Chunghwa Telecom Co., Ltd. has a 12-month low of $36.61 and a 12-month high of $47.03. The company has a current ratio of 1.15, a quick ratio of 1.46 and a debt-to-equity ratio of 0.06. The stock's fifty day moving average price is $44.95 and its 200 day moving average price is $41.92.

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

Chunghwa Telecom Increases Dividend

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