Public Employees Retirement System of Ohio Acquires 9,379 Shares of Chunghwa Telecom Co., Ltd. $CHT

Key Points

• The Public Employees Retirement System of Ohio increased its stake in Chunghwa Telecom by 7.0%, acquiring an additional 9,379 shares, bringing its total holdings to 143,425 shares valued at approximately $6.7 million.
• Chunghwa Telecom reported a quarterly earnings per share (EPS) of $0.43, exceeding the consensus estimate of $0.42, with a revenue of $1.90 billion for the quarter.
• The company has a market capitalization of $33.93 billion and a PE ratio of 28.59, with its stock trading at around $43.74 as of the latest report.

Public Employees Retirement System of Ohio increased its stake in Chunghwa Telecom Co., Ltd. (NYSE:CHT - Free Report) by 7.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 143,425 shares of the utilities provider's stock after purchasing an additional 9,379 shares during the period. Public Employees Retirement System of Ohio's holdings in Chunghwa Telecom were worth $6,685,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Ballentine Partners LLC increased its stake in shares of Chunghwa Telecom by 9.8% during the 2nd quarter. Ballentine Partners LLC now owns 41,561 shares of the utilities provider's stock worth $1,937,000 after purchasing an additional 3,710 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Chunghwa Telecom by 85.2% in the second quarter. GAMMA Investing LLC now owns 9,530 shares of the utilities provider's stock valued at $444,000 after acquiring an additional 4,384 shares during the period. Aaron Wealth Advisors LLC bought a new stake in shares of Chunghwa Telecom in the second quarter valued at about $259,000. Parallel Advisors LLC grew its stake in shares of Chunghwa Telecom by 2.8% in the second quarter. Parallel Advisors LLC now owns 23,624 shares of the utilities provider's stock valued at $1,101,000 after acquiring an additional 644 shares in the last quarter. Finally, Modern Wealth Management LLC bought a new position in Chunghwa Telecom during the first quarter worth about $257,000. 2.11% of the stock is currently owned by institutional investors and hedge funds.

Chunghwa Telecom Price Performance

Chunghwa Telecom stock opened at $43.74 on Monday. The firm has a market cap of $33.93 billion, a PE ratio of 28.59 and a beta of 0.27. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.15 and a quick ratio of 1.05. Chunghwa Telecom Co., Ltd. has a one year low of $36.61 and a one year high of $47.03. The stock's fifty day moving average price is $44.35 and its two-hundred day moving average price is $43.11.

Chunghwa Telecom (NYSE:CHT - Get Free Report) last released its earnings results on Tuesday, August 5th. The utilities provider reported $0.43 EPS for the quarter, beating the consensus estimate of $0.42 by $0.01. The firm had revenue of $1.90 billion for the quarter, compared to analyst estimates of $55.92 billion. Chunghwa Telecom had a net margin of 16.27% and a return on equity of 9.72%. As a group, research analysts expect that Chunghwa Telecom Co., Ltd. will post 1.44 EPS for the current fiscal year.

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.

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