Sei Investments Co. Has $2.42 Million Stock Holdings in Chunghwa Telecom Co., Ltd. $CHT

Sei Investments Co. raised its stake in Chunghwa Telecom Co., Ltd. (NYSE:CHT) by 31.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 57,324 shares of the utilities provider’s stock after acquiring an additional 13,856 shares during the quarter. Sei Investments Co.’s holdings in Chunghwa Telecom were worth $2,421,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of CHT. Dimensional Fund Advisors LP lifted its holdings in Chunghwa Telecom by 6.1% in the first quarter. Dimensional Fund Advisors LP now owns 548,080 shares of the utilities provider’s stock valued at $23,145,000 after buying an additional 31,280 shares during the period. Creative Planning boosted its stake 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 acquiring an additional 63,523 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Chunghwa Telecom by 67.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 368,306 shares of the utilities provider’s stock valued at $15,362,000 after buying an additional 148,378 shares during the period. Bank of America Corp DE grew 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 acquiring an additional 28,625 shares during the period. Finally, B. Metzler seel. Sohn & Co. AG bought a new stake in Chunghwa Telecom during the 4th quarter worth approximately $6,554,000. 2.11% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on CHT shares. Zacks Research downgraded Chunghwa Telecom from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 22nd. Weiss Ratings reissued a “hold (c)” rating on shares of Chunghwa Telecom in a report on Friday, July 17th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Reduce”.

Chunghwa Telecom Trading Up 0.6%

CHT opened at $42.55 on Friday. The company’s 50 day moving average price is $43.80 and its two-hundred day moving average price is $43.20. The firm has a market capitalization of $33.01 billion, a price-to-earnings ratio of 25.79, a PEG ratio of 1.92 and a beta of 0.29. Chunghwa Telecom Co., Ltd. has a fifty-two week low of $39.28 and a fifty-two week high of $46.48. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.64 and a quick ratio of 1.46.

Chunghwa Telecom (NYSE:CHT) last issued its quarterly earnings results on Tuesday, June 30th. The utilities provider reported $0.43 EPS for the quarter. The company had revenue of $1.93 billion for the quarter. Chunghwa Telecom had a net margin of 16.11% and a return on equity of 9.84%. As a group, research analysts predict that Chunghwa Telecom Co., Ltd. will post 1.53 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. Shareholders of record on Thursday, July 9th will be paid a $1.6525 dividend. The ex-dividend date of this dividend is Thursday, July 9th. This represents a yield of 398.0%. Chunghwa Telecom’s payout ratio is 78.18%.

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.