Sequoia Financial Advisors LLC Acquires 14,155 Shares of Chunghwa Telecom Co., Ltd. $CHT

Key Points

• Sequoia Financial Advisors LLC has increased its stake in Chunghwa Telecom by 47.3%, acquiring an additional 14,155 shares, bringing its total holdings to 44,077 shares valued at approximately $2,054,000.
• Chunghwa Telecom reported earnings of $0.43 EPS for the last quarter, exceeding analysts' expectations of $0.42, with a revenue of $1.90 billion.
• Analysts have given Chunghwa Telecom an average rating of "Hold", with Weiss Ratings reiterating this position in a recent analysis.

Sequoia Financial Advisors LLC lifted its position in shares of Chunghwa Telecom Co., Ltd. (NYSE:CHT - Free Report) by 47.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 44,077 shares of the utilities provider's stock after purchasing an additional 14,155 shares during the period. Sequoia Financial Advisors LLC's holdings in Chunghwa Telecom were worth $2,054,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in the company. Yousif Capital Management LLC increased its stake in shares of Chunghwa Telecom by 3.1% during the second quarter. Yousif Capital Management LLC now owns 12,229 shares of the utilities provider's stock worth $570,000 after purchasing an additional 365 shares during the period. Vanguard Personalized Indexing Management LLC increased its stake in shares of Chunghwa Telecom by 17.8% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 118,456 shares of the utilities provider's stock worth $5,521,000 after purchasing an additional 17,865 shares during the period. Blue Trust Inc. increased its stake in shares of Chunghwa Telecom by 5.7% during the second quarter. Blue Trust Inc. now owns 20,557 shares of the utilities provider's stock worth $958,000 after purchasing an additional 1,104 shares during the period. US Bancorp DE increased its stake in shares of Chunghwa Telecom by 5.8% during the second quarter. US Bancorp DE now owns 40,869 shares of the utilities provider's stock worth $1,905,000 after purchasing an additional 2,257 shares during the period. Finally, Venturi Wealth Management LLC bought a new position in shares of Chunghwa Telecom during the second quarter worth approximately $242,000. Institutional investors own 2.11% of the company's stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a "hold (c)" rating on shares of Chunghwa Telecom in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, Chunghwa Telecom presently has an average rating of "Hold".

Chunghwa Telecom Trading Up 0.6%

Shares of NYSE:CHT opened at $43.25 on Thursday. The company has a market capitalization of $33.55 billion, a P/E ratio of 28.27 and a beta of 0.26. Chunghwa Telecom Co., Ltd. has a 1 year low of $36.61 and a 1 year high of $47.03. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.15 and a quick ratio of 1.05. The business's 50 day simple moving average is $44.19 and its 200 day simple moving average is $43.43.

Chunghwa Telecom (NYSE:CHT - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The utilities provider reported $0.43 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.42 by $0.01. The business had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $55.92 billion. Chunghwa Telecom had a return on equity of 9.72% and a net margin of 16.27%. On average, research analysts anticipate that Chunghwa Telecom Co., Ltd. will post 1.44 EPS for the current fiscal year.

Chunghwa Telecom Company 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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