Chunghwa Telecom Co., Ltd. (NYSE:CHT) Stake Raised by Northern Trust Corp

Northern Trust Corp grew its stake in Chunghwa Telecom Co., Ltd. (NYSE:CHT - Free Report) by 420.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 676,302 shares of the utilities provider's stock after purchasing an additional 546,436 shares during the quarter. Northern Trust Corp owned approximately 0.09% of Chunghwa Telecom worth $25,463,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Chunghwa Telecom by 6.0% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 970,763 shares of the utilities provider's stock worth $36,549,000 after acquiring an additional 54,910 shares during the last quarter. Schroder Investment Management Group boosted its position in Chunghwa Telecom by 2.3% during the 4th quarter. Schroder Investment Management Group now owns 650,358 shares of the utilities provider's stock valued at $24,662,000 after purchasing an additional 14,911 shares during the period. Dimensional Fund Advisors LP grew its stake in Chunghwa Telecom by 0.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 424,763 shares of the utilities provider's stock worth $16,003,000 after buying an additional 3,416 shares during the last quarter. Rhumbline Advisers increased its position in Chunghwa Telecom by 1.3% in the fourth quarter. Rhumbline Advisers now owns 255,514 shares of the utilities provider's stock worth $9,620,000 after buying an additional 3,393 shares during the period. Finally, American Century Companies Inc. boosted its holdings in shares of Chunghwa Telecom by 15.3% during the fourth quarter. American Century Companies Inc. now owns 255,122 shares of the utilities provider's stock valued at $9,605,000 after acquiring an additional 33,831 shares during the period. Institutional investors own 2.11% of the company's stock.

Chunghwa Telecom Stock Performance

Shares of CHT traded down $0.07 during trading hours on Wednesday, reaching $42.69. 88,826 shares of the company's stock traded hands, compared to its average volume of 106,093. The firm has a market capitalization of $33.12 billion, a price-to-earnings ratio of 28.65, a P/E/G ratio of 21.42 and a beta of 0.21. The business's fifty day simple moving average is $39.88 and its two-hundred day simple moving average is $38.76. Chunghwa Telecom Co., Ltd. has a twelve month low of $35.92 and a twelve month high of $44.36. 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 (NYSE:CHT - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The utilities provider reported $0.38 earnings per share for the quarter, meeting analysts' consensus estimates 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 net margin of 16.18% and a return on equity of 9.53%. Analysts predict that Chunghwa Telecom Co., Ltd. will post 1.44 earnings per share for the current year.

Wall Street Analyst Weigh In

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

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.