Chunghwa Telecom Co., Ltd. $CHT Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. decreased its stake in shares of Chunghwa Telecom Co., Ltd. (NYSE:CHT) by 11.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 145,959 shares of the utilities provider’s stock after selling 18,085 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Chunghwa Telecom were worth $6,638,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of CHT. Diversify Advisory Services LLC bought a new stake in Chunghwa Telecom during the third quarter valued at approximately $228,000. 55 North Private Wealth LLC purchased a new position in shares of Chunghwa Telecom during the 3rd quarter worth $235,000. Cordatus Wealth Management LLC boosted its stake in shares of Chunghwa Telecom by 2.5% during the 3rd quarter. Cordatus Wealth Management LLC now owns 11,284 shares of the utilities provider’s stock worth $513,000 after acquiring an additional 277 shares during the last quarter. QRG Capital Management Inc. bought a new stake in shares of Chunghwa Telecom during the 2nd quarter valued at $272,000. Finally, Sequoia Financial Advisors LLC grew its position in shares of Chunghwa Telecom by 13.3% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 54,069 shares of the utilities provider’s stock valued at $2,393,000 after acquiring an additional 6,344 shares during the period. 2.11% of the stock is owned by hedge funds and other institutional investors.

Chunghwa Telecom Stock Down 0.4%

Shares of NYSE:CHT opened at $48.54 on Friday. The company has a current ratio of 1.22, a quick ratio of 1.07 and a debt-to-equity ratio of 0.06. Chunghwa Telecom Co., Ltd. has a 12 month low of $39.28 and a 12 month high of $48.99. The company has a 50-day moving average price of $45.22 and a 200 day moving average price of $44.11. The company has a market cap of $37.66 billion, a price-to-earnings ratio of 29.42, a PEG ratio of 2.15 and a beta of 0.27.

Chunghwa Telecom (NYSE:CHT) last released its quarterly earnings results on Monday, October 12th. The utilities provider reported $0.49 EPS for the quarter. Chunghwa Telecom had a net margin of 16.11% and a return on equity of 10.00%. The firm had revenue of $2.12 billion during the quarter. As a group, equities research analysts predict that Chunghwa Telecom Co., Ltd. will post 1.56 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on CHT shares. Zacks Research upgraded Chunghwa Telecom from a “strong sell” rating to a “hold” rating in a research note on Thursday, September 17th. Weiss Ratings restated a “hold (c)” rating on shares of Chunghwa Telecom in a research report on Thursday, October 15th. Two research analysts have rated the stock with a Hold rating. According to data from MarketBeat, the stock currently has an average rating of “Hold”.

Chunghwa Telecom Profile

Chunghwa Telecom Co, Ltd. is Taiwan’s largest integrated telecommunications provider and the country’s former state-owned telecommunications operator. The company was established in 1996 following the corporatization of Taiwan’s Directorate General of Telecommunications and was subsequently privatized. Chunghwa Telecom is headquartered in New Taipei City, Taiwan.

The company provides fixed-line voice services, mobile communications, broadband internet access, and related digital communications products.