Rhumbline Advisers Has $10.37 Million Stock Position in Chunghwa Telecom Co., Ltd. (NYSE:CHT)

Rhumbline Advisers boosted its holdings in shares of Chunghwa Telecom Co., Ltd. (NYSE:CHT - Free Report) by 3.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 264,373 shares of the utilities provider's stock after acquiring an additional 8,859 shares during the period. Rhumbline Advisers' holdings in Chunghwa Telecom were worth $10,366,000 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 CHT. Sierra Ocean LLC acquired a new stake in Chunghwa Telecom in the 4th quarter valued at approximately $54,000. BNP Paribas Financial Markets grew its stake 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 worth $64,000 after acquiring an additional 1,457 shares in the last quarter. GeoWealth Management LLC acquired a new stake in shares of Chunghwa Telecom in the fourth quarter valued at approximately $117,000. V Square Quantitative Management LLC lifted its position in shares of Chunghwa Telecom by 31.0% in the fourth quarter. V Square Quantitative Management LLC now owns 4,065 shares of the utilities provider's stock worth $153,000 after purchasing an additional 961 shares in the last quarter. Finally, Lindbrook Capital LLC boosted its holdings in Chunghwa Telecom by 35.6% during the fourth quarter. Lindbrook Capital LLC now owns 5,257 shares of the utilities provider's stock worth $198,000 after purchasing an additional 1,379 shares during the last quarter. 2.11% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Chunghwa Telecom Stock Performance

NYSE CHT traded up $0.32 on Friday, hitting $45.59. 85,144 shares of the stock were exchanged, compared to its average volume of 112,417. The company has a market capitalization of $35.37 billion, a PE ratio of 30.60, a P/E/G ratio of 21.42 and a beta of 0.23. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.47 and a quick ratio of 1.29. The business's fifty day moving average is $42.01 and its 200 day moving average is $39.68. Chunghwa Telecom Co., Ltd. has a 52 week low of $35.92 and a 52 week high of $46.95.

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, meeting analysts' consensus estimates of $0.38. Chunghwa Telecom had a net margin of 16.18% and a return on equity of 9.53%. The company had revenue of $1.85 billion for the quarter, compared to analysts' expectations of $56.11 billion. Research analysts anticipate that Chunghwa Telecom Co., Ltd. will post 1.44 EPS for the current fiscal year.

Chunghwa Telecom Increases Dividend

The company also recently declared an annual dividend, which will be paid on Friday, August 8th. Investors of record on Thursday, July 3rd will be given a dividend of $1.6695 per share. This is a positive change from Chunghwa Telecom's previous annual dividend of $1.47. The ex-dividend date is Thursday, July 3rd. This represents a dividend yield of 2.9%. Chunghwa Telecom's dividend payout ratio (DPR) is currently 75.84%.

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.