Morling Financial Advisors LLC Takes $371,000 Position in Chunghwa Telecom Co., Ltd. (NYSE:CHT)

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

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Cullen Frost Bankers Inc. bought a new position in Chunghwa Telecom during the first quarter worth about $41,000. BNP Paribas Financial Markets raised its holdings 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 valued at $64,000 after buying an additional 1,457 shares in the last quarter. GeoWealth Management LLC purchased a new stake in Chunghwa Telecom in the fourth quarter worth approximately $117,000. GAMMA Investing LLC grew 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 valued at $202,000 after acquiring an additional 2,061 shares during the last quarter. Finally, Xponance Inc. bought a new stake in shares of Chunghwa Telecom in the 1st quarter worth approximately $204,000. Hedge funds and other institutional investors own 2.11% of the company's stock.

Chunghwa Telecom Stock Down 0.6%

CHT traded down $0.25 during trading on Monday, reaching $43.46. The stock had a trading volume of 39,918 shares, compared to its average volume of 130,000. The stock's 50 day moving average is $44.78 and its two-hundred day moving average is $41.28. The company has a market capitalization of $33.71 billion, a price-to-earnings ratio of 29.17 and a beta of 0.25. The company has a current ratio of 1.63, a quick ratio of 1.46 and a debt-to-equity ratio of 0.06. Chunghwa Telecom Co., Ltd. has a one year low of $36.40 and a one year high of $47.03.

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

Chunghwa Telecom Increases Dividend

The business also recently disclosed an annual dividend, which will be paid on Friday, August 8th. Stockholders of record on Thursday, July 3rd will be paid a $1.6695 dividend. The ex-dividend date is Thursday, July 3rd. This represents a dividend yield of 2.9%. This is an increase from Chunghwa Telecom's previous annual dividend of $1.47. Chunghwa Telecom's dividend payout ratio (DPR) is 86.58%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered 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.