SG Americas Securities LLC Grows Stock Position in Chunghwa Telecom Co., Ltd. $CHT

SG Americas Securities LLC lifted its position in Chunghwa Telecom Co., Ltd. (NYSE:CHT) by 582.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 21,264 shares of the utilities provider’s stock after acquiring an additional 18,149 shares during the quarter. SG Americas Securities LLC’s holdings in Chunghwa Telecom were worth $898,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. B. Metzler seel. Sohn & Co. AG bought a new stake in Chunghwa Telecom in the fourth quarter worth about $6,554,000. Goldman Sachs Group Inc. grew its stake in shares of Chunghwa Telecom by 67.5% during the fourth 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 last quarter. First Trust Advisors LP grew its stake in shares of Chunghwa Telecom by 342.2% during the third quarter. First Trust Advisors LP now owns 98,929 shares of the utilities provider’s stock valued at $4,315,000 after buying 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 second quarter. Quantinno Capital Management LP now owns 129,440 shares of the utilities provider’s stock worth $6,033,000 after buying an additional 76,087 shares during the period. Finally, Creative Planning raised its holdings in shares of Chunghwa Telecom by 20.0% in the third quarter. Creative Planning now owns 380,892 shares of the utilities provider’s stock worth $16,615,000 after buying an additional 63,523 shares during the period. 2.11% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Weiss Ratings reissued a “hold (c)” rating on shares of Chunghwa Telecom in a research note on Monday, April 20th. Zacks Research raised Chunghwa Telecom to a “hold” rating in a research report on Tuesday, June 23rd. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has an average rating of “Hold”.

Chunghwa Telecom Trading Up 0.1%

Shares of CHT opened at $44.05 on Monday. The firm has a market capitalization of $34.17 billion, a price-to-earnings ratio of 26.86, a PEG ratio of 1.94 and a beta of 0.29. 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 Co., Ltd. has a 1-year low of $39.28 and a 1-year high of $46.48. The company has a 50-day moving average of $44.30 and a 200 day moving average of $43.05.

Chunghwa Telecom (NYSE:CHT) last issued its earnings results 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%. On average, research analysts expect that Chunghwa Telecom Co., Ltd. will post 1.57 EPS for the current year.

Chunghwa Telecom Cuts Dividend

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