Vident Advisory LLC raised its holdings in shares of Chunghwa Telecom Co., Ltd. (NYSE:CHT - Free Report) by 80.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 138,978 shares of the utilities provider's stock after acquiring an additional 62,147 shares during the quarter. Vident Advisory LLC's holdings in Chunghwa Telecom were worth $5,233,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also modified their holdings of CHT. Northern Trust Corp boosted its stake in shares of Chunghwa Telecom by 420.8% during the 4th quarter. Northern Trust Corp now owns 676,302 shares of the utilities provider's stock worth $25,463,000 after acquiring an additional 546,436 shares during the last quarter. Mondrian Investment Partners LTD raised its position in shares of Chunghwa Telecom by 101.4% during the 4th quarter. Mondrian Investment Partners LTD now owns 236,641 shares of the utilities provider's stock valued at $9,191,000 after purchasing an additional 119,143 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Chunghwa Telecom by 6.0% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 970,763 shares of the utilities provider's stock valued at $36,549,000 after purchasing an additional 54,910 shares during the period. American Century Companies Inc. raised its position in shares of Chunghwa Telecom by 15.3% during the 4th quarter. American Century Companies Inc. now owns 255,122 shares of the utilities provider's stock valued at $9,605,000 after purchasing an additional 33,831 shares during the period. Finally, Allianz SE bought a new stake in shares of Chunghwa Telecom during the 4th quarter valued at $1,175,000. Hedge funds and other institutional investors own 2.11% of the company's stock.
Chunghwa Telecom Price Performance
CHT stock opened at $43.79 on Tuesday. Chunghwa Telecom Co., Ltd. has a 12 month low of $35.92 and a 12 month high of $44.36. The company has a current ratio of 1.47, a quick ratio of 1.29 and a debt-to-equity ratio of 0.06. The company has a 50-day moving average price of $40.23 and a 200 day moving average price of $38.93. The stock has a market cap of $33.97 billion, a PE ratio of 29.39, a P/E/G ratio of 21.42 and a beta of 0.21.
Chunghwa Telecom (NYSE:CHT - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The utilities provider reported $0.38 EPS for the quarter, hitting analysts' consensus estimates of $0.38. Chunghwa Telecom had a net margin of 16.18% and a return on equity of 9.53%. The firm had revenue of $1.85 billion during the quarter, compared to analysts' expectations of $56.11 billion. Equities research analysts anticipate that Chunghwa Telecom Co., Ltd. will post 1.44 earnings per share for the current year.
Analysts Set New Price Targets
Separately, StockNews.com downgraded shares of Chunghwa Telecom from a "buy" rating to a "hold" rating in a report on Monday, April 14th.
Check Out Our Latest Analysis on CHT
Chunghwa Telecom Profile
(
Free Report)
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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