Vanguard Personalized Indexing Management LLC Increases Stock Position in Chunghwa Telecom Co., Ltd. $CHT

Key Points

• Vanguard Personalized Indexing Management LLC increased its stake in Chunghwa Telecom by 17.8%, acquiring an additional 17,865 shares in the second quarter, now holding 118,456 shares valued at $5.52 million.
• Several institutional investors, including Connor Clark & Lunn Investment Management and Acadian Asset Management, have also increased their positions in Chunghwa Telecom, reflecting growing interest in the company.
• Analysts have given Chunghwa Telecom a Hold rating, with a recent earnings report showing earnings per share of $0.43, exceeding estimates of $0.42.

Vanguard Personalized Indexing Management LLC grew its position in Chunghwa Telecom Co., Ltd. (NYSE:CHT - Free Report) by 17.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 118,456 shares of the utilities provider's stock after purchasing an additional 17,865 shares during the period. Vanguard Personalized Indexing Management LLC's holdings in Chunghwa Telecom were worth $5,521,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Chunghwa Telecom by 15.0% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,116,747 shares of the utilities provider's stock valued at $43,788,000 after purchasing an additional 145,984 shares during the last quarter. Acadian Asset Management LLC increased its holdings in Chunghwa Telecom by 142.3% during the first quarter. Acadian Asset Management LLC now owns 465,571 shares of the utilities provider's stock worth $18,250,000 after buying an additional 273,449 shares during the last quarter. American Century Companies Inc. increased its holdings in Chunghwa Telecom by 9.8% during the first quarter. American Century Companies Inc. now owns 280,185 shares of the utilities provider's stock worth $10,986,000 after buying an additional 25,063 shares during the last quarter. Rhumbline Advisers increased its holdings in Chunghwa Telecom by 3.5% during the first quarter. Rhumbline Advisers now owns 264,373 shares of the utilities provider's stock worth $10,366,000 after buying an additional 8,859 shares during the last quarter. Finally, Public Employees Retirement System of Ohio increased its holdings in Chunghwa Telecom by 7.0% during the second quarter. Public Employees Retirement System of Ohio now owns 143,425 shares of the utilities provider's stock worth $6,685,000 after buying an additional 9,379 shares during the last quarter. Hedge funds and other institutional investors own 2.11% of the company's stock.

Analyst Ratings Changes

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

Chunghwa Telecom Stock Performance

NYSE CHT opened at $42.95 on Tuesday. The company has a market capitalization of $33.30 billion, a PE ratio of 28.07 and a beta of 0.26. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.05 and a current ratio of 1.15. The company has a 50-day simple moving average of $44.26 and a 200 day simple moving average of $43.44. Chunghwa Telecom Co., Ltd. has a 52-week low of $36.61 and a 52-week high of $47.03.

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