Vanguard Group Inc. Has $82.29 Million Holdings in Chunghwa Telecom Co., Ltd. $CHT

Vanguard Group Inc. lessened its holdings in Chunghwa Telecom Co., Ltd. (NYSE:CHT) by 2.5% during the fourth quarter, HoldingsChannel reports. The fund owned 1,972,894 shares of the utilities provider’s stock after selling 50,729 shares during the quarter. Vanguard Group Inc.’s holdings in Chunghwa Telecom were worth $82,289,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in CHT. Mondrian Investment Partners LTD acquired a new stake in shares of Chunghwa Telecom in the 3rd quarter worth about $9,865,000. B. Metzler seel. Sohn & Co. AG acquired a new stake in shares of Chunghwa Telecom in the 4th quarter worth about $6,554,000. First Trust Advisors LP raised its holdings in shares of Chunghwa Telecom by 342.2% in the 3rd quarter. First Trust Advisors LP now owns 98,929 shares of the utilities provider’s stock worth $4,315,000 after acquiring an additional 76,558 shares during the last quarter. Quantinno Capital Management LP raised its holdings in shares of Chunghwa Telecom by 142.6% in the 2nd quarter. Quantinno Capital Management LP now owns 129,440 shares of the utilities provider’s stock worth $6,033,000 after acquiring an additional 76,087 shares during the last quarter. Finally, Creative Planning raised its holdings in shares of Chunghwa Telecom by 20.0% in the 3rd quarter. Creative Planning now owns 380,892 shares of the utilities provider’s stock worth $16,615,000 after acquiring an additional 63,523 shares during the last quarter. Institutional investors and hedge funds own 2.11% of the company’s stock.

Chunghwa Telecom Trading Up 0.3%

NYSE:CHT opened at $43.46 on Thursday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.29 and a current ratio of 1.64. The firm has a market cap of $33.71 billion, a price-to-earnings ratio of 26.50, a price-to-earnings-growth ratio of 5.91 and a beta of 0.29. Chunghwa Telecom Co., Ltd. has a 52 week low of $39.28 and a 52 week high of $47.03. The firm has a 50-day moving average price of $42.88 and a two-hundred day moving average price of $42.38.

Chunghwa Telecom (NYSE:CHT) last posted its quarterly earnings data on Tuesday, March 31st. The utilities provider reported $0.41 EPS for the quarter. The firm had revenue of $1.88 billion during the quarter. Chunghwa Telecom had a net margin of 16.23% and a return on equity of 9.90%. On average, equities analysts expect that Chunghwa Telecom Co., Ltd. will post 1.56 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Chunghwa Telecom in a report on Monday, April 20th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Chunghwa Telecom presently has an average rating of “Hold”.

Chunghwa Telecom Company Profile

Chunghwa Telecom Co, Ltd. is the largest integrated telecommunications service provider in Taiwan, serving both consumer and enterprise customers across the island and through international telecommunications links. The company offers a full range of voice, data and multimedia services and operates as the incumbent fixed-line operator while also competing in mobile, broadband and enterprise markets. Its network footprint and traffic interchange capabilities support domestic communications and cross-border connectivity for carriers and multinational businesses.

Chunghwa Telecom’s product and service portfolio includes fixed-line telephony, mobile services (including 4G and 5G wireless access), broadband internet (DSL and fiber-to-the-home), and IPTV.