Vanguard Group Inc. Has $88.27 Million Holdings in Chunghwa Telecom Co., Ltd. $CHT

Key Points

• Vanguard trimmed its Q3 holding in Chunghwa Telecom by 4.3%, selling 91,466 shares and ending the period with 2,023,623 shares valued at about $88.27 million (roughly 0.26% of the company).
• Other institutions materially changed positions—Arrowstreet increased its stake by 411.1%, Connor Clark & Lunn, Acadian and Quantinno also raised holdings, and Thrivent initiated a ~$2.74 million stake—while reported institutional ownership stands near 2.11%.
• Analysts have a consensus Hold rating on CHT; the stock trades around $42.84 with a $33.23 billion market cap, a P/E of 26.6 and last quarter EPS of $0.38.

Vanguard Group Inc. lowered its position in Chunghwa Telecom Co., Ltd. (NYSE:CHT - Free Report) by 4.3% during the third quarter, according to its most recent filing with the SEC. The firm owned 2,023,623 shares of the utilities provider's stock after selling 91,466 shares during the period. Vanguard Group Inc. owned 0.26% of Chunghwa Telecom worth $88,270,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Arrowstreet Capital Limited Partnership raised its stake in Chunghwa Telecom by 411.1% during the second quarter. Arrowstreet Capital Limited Partnership now owns 297,704 shares of the utilities provider's stock worth $13,876,000 after buying an additional 239,458 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in Chunghwa Telecom by 12.2% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,253,331 shares of the utilities provider's stock worth $58,418,000 after acquiring an additional 136,584 shares during the period. Acadian Asset Management LLC raised its position in shares of Chunghwa Telecom by 23.0% in the 2nd quarter. Acadian Asset Management LLC now owns 572,484 shares of the utilities provider's stock worth $26,672,000 after acquiring an additional 106,913 shares in the last quarter. Quantinno Capital Management LP lifted its stake in shares of Chunghwa Telecom by 142.6% in the 2nd quarter. Quantinno Capital Management LP now owns 129,440 shares of the utilities provider's stock valued at $6,033,000 after purchasing an additional 76,087 shares during the period. Finally, Thrivent Financial for Lutherans bought a new stake in shares of Chunghwa Telecom during the 3rd quarter valued at about $2,737,000. 2.11% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on CHT shares. Zacks Research upgraded Chunghwa Telecom to a "hold" rating in a report on Monday, January 12th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Chunghwa Telecom in a research report on Wednesday, January 21st. Two analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company presently has a consensus rating of "Hold".

Chunghwa Telecom Stock Down 1.0%

Shares of NYSE:CHT opened at $42.84 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.30 and a current ratio of 1.49. Chunghwa Telecom Co., Ltd. has a 52-week low of $37.03 and a 52-week high of $47.03. The business's 50 day simple moving average is $42.37 and its two-hundred day simple moving average is $42.76. The firm has a market cap of $33.23 billion, a P/E ratio of 26.61, a PEG ratio of 5.79 and a beta of 0.29.

Chunghwa Telecom (NYSE:CHT - Get Free Report) last released its quarterly earnings data on Thursday, February 26th. The utilities provider reported $0.38 EPS for the quarter. Chunghwa Telecom had a return on equity of 9.82% and a net margin of 16.37%. As a group, research analysts forecast that Chunghwa Telecom Co., Ltd. will post 1.44 EPS for the current fiscal year.

About Chunghwa Telecom

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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