First Trust Advisors LP Makes New $942,000 Investment in Chunghwa Telecom Co., Ltd. (NYSE:CHT)

First Trust Advisors LP purchased a new position in shares of Chunghwa Telecom Co., Ltd. (NYSE:CHT - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 25,020 shares of the utilities provider's stock, valued at approximately $942,000.

A number of other large investors have also recently bought and sold shares of the business. GeoWealth Management LLC acquired a new stake in shares of Chunghwa Telecom during the 4th quarter worth approximately $117,000. Guggenheim Capital LLC grew its position in shares of Chunghwa Telecom by 9.6% during the 4th quarter. Guggenheim Capital LLC now owns 27,379 shares of the utilities provider's stock worth $1,031,000 after buying an additional 2,403 shares during the period. XTX Topco Ltd acquired a new stake in shares of Chunghwa Telecom during the 4th quarter worth approximately $302,000. Mariner LLC grew its stake in shares of Chunghwa Telecom by 10.7% in the 4th quarter. Mariner LLC now owns 26,430 shares of the utilities provider's stock valued at $995,000 after buying an additional 2,553 shares during the period. Finally, Townsquare Capital LLC grew its stake in shares of Chunghwa Telecom by 16.5% in the 4th quarter. Townsquare Capital LLC now owns 12,617 shares of the utilities provider's stock valued at $475,000 after buying an additional 1,787 shares during the period. 2.11% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Chunghwa Telecom from a "buy" rating to a "hold" rating in a research note on Monday, April 14th.

Chunghwa Telecom Stock Down 1.2%

Shares of CHT traded down $0.51 during trading hours on Tuesday, hitting $42.82. The stock had a trading volume of 39,007 shares, compared to its average volume of 129,264. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.47 and a quick ratio of 1.29. The firm has a 50 day simple moving average of $39.80 and a 200-day simple moving average of $38.74. The firm has a market capitalization of $33.22 billion, a P/E ratio of 28.74, a price-to-earnings-growth ratio of 21.42 and a beta of 0.21. Chunghwa Telecom Co., Ltd. has a 1-year low of $35.92 and a 1-year high of $44.36.

Chunghwa Telecom (NYSE:CHT - Get Free Report) last issued its earnings results on Thursday, May 8th. The utilities provider reported $0.38 EPS for the quarter, meeting the consensus estimate of $0.38. The company had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $56.11 billion. Chunghwa Telecom had a return on equity of 9.53% and a net margin of 16.18%. Sell-side analysts predict that Chunghwa Telecom Co., Ltd. will post 1.44 EPS for the current fiscal 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.