Chunghwa Telecom Co., Ltd. $CHT is R Squared Ltd’s 7th Largest Position

R Squared Ltd lifted its holdings in shares of Chunghwa Telecom Co., Ltd. (NYSE:CHT) by 97.3% during the first quarter, HoldingsChannel reports. The firm owned 55,164 shares of the utilities provider’s stock after purchasing an additional 27,200 shares during the quarter. Chunghwa Telecom accounts for about 1.3% of R Squared Ltd’s investment portfolio, making the stock its 7th biggest holding. R Squared Ltd’s holdings in Chunghwa Telecom were worth $2,330,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Smartleaf Asset Management LLC purchased a new stake in Chunghwa Telecom during the second quarter worth about $53,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in Chunghwa Telecom in the fourth quarter worth about $59,000. Inspire Investing LLC purchased a new position in Chunghwa Telecom in the fourth quarter valued at about $75,000. SG Americas Securities LLC purchased a new position in Chunghwa Telecom in the fourth quarter valued at about $130,000. Finally, Focus Partners Wealth bought a new position in shares of Chunghwa Telecom during the 3rd quarter valued at approximately $143,000. 2.11% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on CHT shares. Weiss Ratings restated a “hold (c)” rating on shares of Chunghwa Telecom in a research note on Monday, April 20th. Zacks Research upgraded Chunghwa Telecom to a “hold” rating in a research note on Tuesday, June 23rd. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Chunghwa Telecom Stock Performance

CHT traded down $0.04 during trading hours on Tuesday, hitting $44.07. The stock had a trading volume of 39,624 shares, compared to its average volume of 179,402. The company’s fifty day simple moving average is $44.30 and its 200 day simple moving average is $43.05. Chunghwa Telecom Co., Ltd. has a 1 year low of $39.28 and a 1 year high of $46.48. The stock has a market cap of $34.18 billion, a PE ratio of 26.83, a price-to-earnings-growth ratio of 1.94 and a beta of 0.29. The company has a quick ratio of 1.46, a current ratio of 1.64 and a debt-to-equity ratio of 0.06.

Chunghwa Telecom (NYSE:CHT) last released its quarterly earnings data on Tuesday, March 31st. The utilities provider reported $0.41 EPS for the quarter. The business had revenue of $1.88 billion for the quarter. Chunghwa Telecom had a net margin of 16.23% and a return on equity of 9.90%. Equities analysts anticipate that Chunghwa Telecom Co., Ltd. will post 1.57 earnings per share for the current year.

Chunghwa Telecom Cuts Dividend

The firm also recently declared an annual dividend, which will be paid on Friday, August 14th. Investors of record on Thursday, July 9th will be paid a dividend of $1.6525 per share. This represents a dividend yield of 370.0%. The ex-dividend date is Thursday, July 9th. Chunghwa Telecom’s dividend payout ratio is presently 79.27%.

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.