Sequoia Financial Advisors LLC Raises Stock Holdings in Chunghwa Telecom Co., Ltd. $CHT

Sequoia Financial Advisors LLC lifted its holdings in shares of Chunghwa Telecom Co., Ltd. (NYSE:CHT) by 35.3% during the first quarter, HoldingsChannel.com reports. The fund owned 47,725 shares of the utilities provider’s stock after purchasing an additional 12,447 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Chunghwa Telecom were worth $2,016,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Dimensional Fund Advisors LP raised its position in Chunghwa Telecom by 8.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 516,800 shares of the utilities provider’s stock valued at $21,558,000 after purchasing an additional 40,198 shares during the last quarter. Creative Planning grew its position in Chunghwa Telecom by 20.0% during the 3rd quarter. Creative Planning now owns 380,892 shares of the utilities provider’s stock worth $16,615,000 after purchasing an additional 63,523 shares during the last quarter. Goldman Sachs Group Inc. grew its position in Chunghwa Telecom by 67.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 368,306 shares of the utilities provider’s stock worth $15,362,000 after purchasing an additional 148,378 shares during the last quarter. Bank of America Corp DE increased its stake in Chunghwa Telecom by 9.2% in the third quarter. Bank of America Corp DE now owns 339,330 shares of the utilities provider’s stock valued at $14,802,000 after purchasing an additional 28,625 shares during the period. Finally, B. Metzler seel. Sohn & Co. AG acquired a new position in Chunghwa Telecom in the fourth quarter valued at $6,554,000. 2.11% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

CHT has been the subject of a number of research reports. Zacks Research raised shares of Chunghwa Telecom to a “hold” rating in a report on Tuesday, June 23rd. Weiss Ratings restated a “hold (c)” rating on shares of Chunghwa Telecom in a research report on Monday, April 20th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Chunghwa Telecom Price Performance

Chunghwa Telecom stock opened at $41.61 on Thursday. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.64 and a quick ratio of 1.46. The business has a 50 day simple moving average of $44.15 and a 200-day simple moving average of $43.13. Chunghwa Telecom Co., Ltd. has a 12 month low of $39.28 and a 12 month high of $46.48. The stock has a market capitalization of $32.28 billion, a PE ratio of 25.37, a price-to-earnings-growth ratio of 1.83 and a beta of 0.29.

Chunghwa Telecom (NYSE:CHT) last posted its quarterly earnings data on Tuesday, March 31st. The utilities provider reported $0.41 earnings per share for the quarter. The firm 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 predict that Chunghwa Telecom Co., Ltd. will post 1.57 earnings per share for the current year.

Chunghwa Telecom Cuts Dividend

The company also recently announced an annual dividend, which will be paid on Friday, August 14th. Stockholders of record on Thursday, July 9th will be issued a $1.6525 dividend. The ex-dividend date of this dividend is Thursday, July 9th. This represents a dividend yield of 398.0%. Chunghwa Telecom’s payout ratio is presently 78.66%.

Chunghwa Telecom 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.