Chunghwa Telecom Co., Ltd. (NYSE:CHT) Shares Sold by Mondrian Investment Partners LTD

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 decreased its stake in shares of Chunghwa Telecom Co., Ltd. (NYSE:CHT - Free Report) by 15.0% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor 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 reporting period.

Other hedge funds also recently bought and sold shares of the company. Cullen Frost Bankers Inc. purchased a new position in Chunghwa Telecom during the first quarter worth $41,000. BNP Paribas Financial Markets increased its position in Chunghwa Telecom by 617.4% during the fourth quarter. BNP Paribas Financial Markets now owns 1,693 shares of the utilities provider's stock worth $64,000 after buying an additional 1,457 shares in the last quarter. GeoWealth Management LLC purchased a new position in Chunghwa Telecom during the fourth quarter worth $117,000. GAMMA Investing LLC increased its position in Chunghwa Telecom by 66.8% during the first quarter. GAMMA Investing LLC now owns 5,146 shares of the utilities provider's stock worth $202,000 after buying an additional 2,061 shares in the last quarter. Finally, Xponance Inc. purchased a new position in Chunghwa Telecom during the first quarter worth $204,000. Hedge funds and other institutional investors own 2.11% of the company's stock.

Chunghwa Telecom Price Performance

Chunghwa Telecom stock traded down $0.22 during mid-day trading on Friday, hitting $44.87. 55,842 shares of the company were exchanged, compared to its average volume of 128,297. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.15 and a quick ratio of 1.46. The business's 50 day simple moving average is $44.95 and its two-hundred day simple moving average is $41.90. The company has a market capitalization of $34.81 billion, a P/E 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.

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

Chunghwa Telecom Increases Dividend

The firm also recently disclosed an annual dividend, which was paid on Friday, August 8th. Stockholders of record on Thursday, July 3rd were issued a dividend of $1.6695 per share. This represents a dividend yield of 290.0%. This is a positive change from Chunghwa Telecom's previous annual dividend of $1.47. The ex-dividend date was Thursday, July 3rd. Chunghwa Telecom's payout ratio is 84.97%.

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.