Public Employees Retirement System of Ohio Takes Position in Chunghwa Telecom Co., Ltd. $CHT

Key Points

• Public Employees Retirement System of Ohio acquired 81,893 Chunghwa Telecom shares in the second quarter, valued at approximately $3.625 million. Institutional investors own 2.11% of the company.
• Chunghwa Telecom reported quarterly revenue of $1.93 billion and earnings of $0.43 per share, with a 16.11% net margin and 10% return on equity.
• CHT shares recently traded at $43.84, up 0.8%, while analyst sentiment remained cautious: Zacks downgraded the stock to “strong sell,” and the consensus rating is “Reduce.”

Public Employees Retirement System of Ohio acquired a new stake in Chunghwa Telecom Co., Ltd. (NYSE:CHT - Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 81,893 shares of the utilities provider's stock, valued at approximately $3,625,000.

A number of other large investors have also bought and sold shares of CHT. Smartleaf Asset Management LLC bought a new position in shares of Chunghwa Telecom during the 2nd quarter worth approximately $53,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in Chunghwa Telecom during the fourth quarter worth $59,000. Inspire Investing LLC acquired a new stake in Chunghwa Telecom in the 4th quarter valued at $75,000. Focus Partners Wealth bought a new stake in Chunghwa Telecom during the 3rd quarter worth about $143,000. Finally, CWM LLC lifted its position in Chunghwa Telecom by 28.5% during the 4th quarter. CWM LLC now owns 3,922 shares of the utilities provider's stock worth $164,000 after buying an additional 869 shares in the last quarter. 2.11% of the stock is owned by institutional investors.

Chunghwa Telecom Trading Up 0.8%

Shares of CHT stock opened at $43.84 on Friday. The firm has a 50 day moving average price of $42.90 and a two-hundred day moving average price of $43.30. The company has a quick ratio of 1.07, a current ratio of 1.22 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $34.01 billion, a PE ratio of 26.57, a price-to-earnings-growth ratio of 1.97 and a beta of 0.29. Chunghwa Telecom Co., Ltd. has a 12-month low of $39.28 and a 12-month high of $46.48.

Chunghwa Telecom (NYSE:CHT - Get Free Report) last issued its quarterly earnings data on Tuesday, June 30th. The utilities provider reported $0.43 earnings per share (EPS) for the quarter. Chunghwa Telecom had a return on equity of 10.00% and a net margin of 16.11%.The company had revenue of $1.93 billion during the quarter. As a group, analysts predict that Chunghwa Telecom Co., Ltd. will post 1.53 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on CHT. Zacks Research downgraded Chunghwa Telecom from a "hold" rating to a "strong sell" rating in a research report on Wednesday, July 22nd. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Chunghwa Telecom in a research report on Friday, July 17th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Chunghwa Telecom has a consensus rating of "Reduce".

Chunghwa Telecom Profile

Chunghwa Telecom Co, Ltd. is the largest integrated telecommunications service provider in Taiwan, serving both consumer and enterprise customers across the island and through international telecommunications links. The company offers a full range of voice, data and multimedia services and operates as the incumbent fixed-line operator while also competing in mobile, broadband and enterprise markets. Its network footprint and traffic interchange capabilities support domestic communications and cross-border connectivity for carriers and multinational businesses.

Chunghwa Telecom's product and service portfolio includes fixed-line telephony, mobile services (including 4G and 5G wireless access), broadband internet (DSL and fiber-to-the-home), and IPTV.

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