Mercer Global Advisors Inc. ADV Purchases New Position in Chunghwa Telecom Co., Ltd. (NYSE:CHT)

Mercer Global Advisors Inc. ADV purchased a new position in Chunghwa Telecom Co., Ltd. (NYSE:CHT - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,078 shares of the utilities provider's stock, valued at approximately $266,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Ieq Capital LLC increased its position in Chunghwa Telecom by 5.7% in the fourth quarter. Ieq Capital LLC now owns 5,621 shares of the utilities provider's stock worth $212,000 after buying an additional 301 shares in the last quarter. First Affirmative Financial Network increased its position in Chunghwa Telecom by 2.1% in the fourth quarter. First Affirmative Financial Network now owns 31,156 shares of the utilities provider's stock worth $1,173,000 after buying an additional 655 shares in the last quarter. Lester Murray Antman dba SimplyRich increased its position in Chunghwa Telecom by 5.7% in the fourth quarter. Lester Murray Antman dba SimplyRich now owns 14,896 shares of the utilities provider's stock worth $560,000 after buying an additional 800 shares in the last quarter. V Square Quantitative Management LLC increased its position in Chunghwa Telecom by 31.0% in the fourth quarter. V Square Quantitative Management LLC now owns 4,065 shares of the utilities provider's stock worth $153,000 after buying an additional 961 shares in the last quarter. Finally, Atomi Financial Group Inc. increased its position in Chunghwa Telecom by 17.6% in the fourth quarter. Atomi Financial Group Inc. now owns 7,616 shares of the utilities provider's stock worth $287,000 after buying an additional 1,140 shares in the last quarter. Hedge funds and other institutional investors own 2.11% of the company's stock.

Wall Street Analyst Weigh In

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

Chunghwa Telecom Price Performance

Shares of NYSE:CHT traded up $0.12 during trading on Monday, hitting $43.79. 87,138 shares of the company's stock were exchanged, compared to its average volume of 107,862. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.47 and a quick ratio of 1.29. Chunghwa Telecom Co., Ltd. has a 52-week low of $35.92 and a 52-week high of $44.36. The business's 50-day simple moving average is $40.13 and its 200 day simple moving average is $38.89. The company has a market cap of $33.97 billion, a price-to-earnings ratio of 29.39, a PEG ratio of 21.42 and a beta of 0.21.

Chunghwa Telecom (NYSE:CHT - Get Free Report) last released its earnings results on Thursday, May 8th. The utilities provider reported $0.38 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.38. Chunghwa Telecom had a return on equity of 9.53% and a net margin of 16.18%. The firm had revenue of $1.85 billion during the quarter, compared to analysts' expectations of $56.11 billion. As a group, equities 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.