Vident Advisory LLC Has $3 Million Stake in Chunghwa Telecom Co., Ltd. $CHT

Key Points

• Vident Advisory LLC reduced its stake in Chunghwa Telecom by 45% in Q1, now holding shares worth approximately $3 million.
• Chunghwa Telecom recently announced a dividend increase, yielding 290% for shareholders, up from last year's $1.47 per share.
• The company reported earnings of $0.43 per share, exceeding analysts' expectations, with a revenue of $1.90 billion for the last quarter.

Vident Advisory LLC lowered its position in Chunghwa Telecom Co., Ltd. (NYSE:CHT - Free Report) by 45.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 76,448 shares of the utilities provider's stock after selling 62,530 shares during the period. Vident Advisory LLC's holdings in Chunghwa Telecom were worth $2,998,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. Invesco Ltd. increased its stake in shares of Chunghwa Telecom by 40.0% during the 4th quarter. Invesco Ltd. now owns 9,588 shares of the utilities provider's stock worth $361,000 after purchasing an additional 2,738 shares during the last quarter. First Trust Advisors LP bought a new position in Chunghwa Telecom in the 4th quarter valued at $942,000. Dimensional Fund Advisors LP increased its stake in Chunghwa Telecom by 0.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 424,763 shares of the utilities provider's stock worth $16,003,000 after acquiring an additional 3,416 shares during the last quarter. Northern Trust Corp increased its position in shares of Chunghwa Telecom by 420.8% in the fourth quarter. Northern Trust Corp now owns 676,302 shares of the utilities provider's stock worth $25,463,000 after purchasing an additional 546,436 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV purchased a new stake in shares of Chunghwa Telecom during the 4th quarter valued at $266,000. 2.11% of the stock is currently owned by institutional investors and hedge funds.

Chunghwa Telecom Trading Down 0.6%

Shares of CHT opened at $43.56 on Monday. The firm has a 50 day moving average price of $44.80 and a 200-day moving average price of $42.37. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.05 and a current ratio of 1.15. Chunghwa Telecom Co., Ltd. has a fifty-two week low of $36.61 and a fifty-two week high of $47.03. The firm has a market cap of $33.79 billion, a price-to-earnings ratio of 28.47 and a beta of 0.27.

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

Chunghwa Telecom Increases Dividend

The firm also recently announced an annual dividend, which was paid on Friday, August 15th. Shareholders of record on Thursday, July 3rd were paid a dividend of $1.6695 per share. The ex-dividend date was Thursday, July 3rd. This represents a yield of 290.0%. This is a positive change from Chunghwa Telecom's previous annual dividend of $1.47. Chunghwa Telecom's dividend payout ratio (DPR) is 84.97%.

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.

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