9,474 Shares in Chunghwa Telecom Co., Ltd. (NYSE:CHT) Bought by Morling Financial Advisors LLC

Morling Financial Advisors LLC acquired a new position in Chunghwa Telecom Co., Ltd. (NYSE:CHT - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 9,474 shares of the utilities provider's stock, valued at approximately $371,000.

Several other institutional investors have also bought and sold shares of CHT. Cullen Frost Bankers Inc. purchased a new position in Chunghwa Telecom in the 1st quarter worth about $41,000. BNP Paribas Financial Markets grew 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 acquiring an additional 1,457 shares during the last quarter. GeoWealth Management LLC bought a new position in Chunghwa Telecom in the fourth quarter worth $117,000. GAMMA Investing LLC lifted its holdings in Chunghwa Telecom by 66.8% during the 1st 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 last quarter. Finally, Xponance Inc. bought a new position in shares of Chunghwa Telecom in the first quarter valued at about $204,000. Institutional investors and hedge funds own 2.11% of the company's stock.

Chunghwa Telecom Price Performance

Shares of CHT stock traded down $0.47 during trading on Friday, hitting $43.69. The company had a trading volume of 77,652 shares, compared to its average volume of 123,621. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.46 and a current ratio of 1.63. Chunghwa Telecom Co., Ltd. has a one year low of $36.40 and a one year high of $47.03. The firm has a market capitalization of $33.89 billion, a P/E ratio of 29.32 and a beta of 0.25. The stock's 50-day moving average price is $44.78 and its 200 day moving average price is $41.22.

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

Chunghwa Telecom Increases Dividend

The company also recently announced an annual dividend, which will be paid on Friday, August 8th. Investors 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. This represents a dividend yield of 2.9%. The ex-dividend date of this dividend is Thursday, July 3rd. Chunghwa Telecom's dividend payout ratio (DPR) is currently 87.25%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered shares of Chunghwa Telecom from a "buy" rating to a "hold" rating in a research note on Monday, April 14th.

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.