Tdam USA Inc. Has $298,000 Stake in Chunghwa Telecom Co., Ltd. (CHT)

Tdam USA Inc. continued to hold its position in shares of Chunghwa Telecom Co., Ltd. (NYSE:CHT) during the second quarter, according to its most recent filing with the SEC. The firm owned 8,461 shares of the utilities provider’s stock at the end of the second quarter. Tdam USA Inc.’s holdings in Chunghwa Telecom Co. were worth $298,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Bank of Montreal Can raised its position in shares of Chunghwa Telecom Co. by 1.4% in the first quarter. Bank of Montreal Can now owns 110,106 shares of the utilities provider’s stock valued at $3,741,000 after buying an additional 1,560 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its position in shares of Chunghwa Telecom Co. by 66.6% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 42,814 shares of the utilities provider’s stock valued at $1,455,000 after buying an additional 17,119 shares during the last quarter. Lazard Asset Management LLC raised its position in shares of Chunghwa Telecom Co. by 3,352.2% in the first quarter. Lazard Asset Management LLC now owns 12,359 shares of the utilities provider’s stock valued at $419,000 after buying an additional 12,001 shares during the last quarter. Hexavest Inc. raised its position in shares of Chunghwa Telecom Co. by 457.3% in the second quarter. Hexavest Inc. now owns 250,640 shares of the utilities provider’s stock valued at $8,828,000 after buying an additional 205,666 shares during the last quarter. Finally, Greenleaf Trust acquired a new position in shares of Chunghwa Telecom Co. during the first quarter valued at about $252,000. Institutional investors own 3.57% of the company’s stock.

Shares of Chunghwa Telecom Co., Ltd. (CHT) opened at 33.67 on Thursday. The company has a market cap of $26.12 billion, a price-to-earnings ratio of 20.66 and a beta of 0.33. Chunghwa Telecom Co., Ltd. has a 12 month low of $31.28 and a 12 month high of $37.39. The company’s 50-day moving average price is $34.95 and its 200-day moving average price is $34.19.

Chunghwa Telecom Co. (NYSE:CHT) last released its quarterly earnings results on Thursday, July 27th. The utilities provider reported $0.45 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.04. Chunghwa Telecom Co. had a return on equity of 10.25% and a net margin of 16.49%. The business had revenue of $1.84 billion for the quarter. Analysts anticipate that Chunghwa Telecom Co., Ltd. will post $1.66 EPS for the current year.

The company also recently declared an annual dividend, which will be paid on Friday, September 1st. Shareholders of record on Friday, July 21st will be given a dividend of $1.6294 per share. This is an increase from Chunghwa Telecom Co.’s previous annual dividend of $1.33. The ex-dividend date is Wednesday, July 19th. This represents a yield of 4.57%. Chunghwa Telecom Co.’s dividend payout ratio (DPR) is presently 82.58%.

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Several equities analysts have recently issued reports on CHT shares. BidaskClub lowered Chunghwa Telecom Co. from a “buy” rating to a “hold” rating in a research note on Wednesday, June 14th. Zacks Investment Research upgraded Chunghwa Telecom Co. from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a research note on Monday, May 29th. Finally, UBS AG lowered Chunghwa Telecom Co. from a “buy” rating to a “sell” rating in a research note on Friday, May 12th. Three investment analysts have rated the stock with a sell rating and one has given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $40.00.

About Chunghwa Telecom Co.

Chunghwa Telecom Co, Ltd. provides telecommunication services. The Company’s segments include Domestic fixed communications business, which is engaged in the provision of local telephone services, domestic long distance telephone services, broadband access and related services; Mobile communications business, which is engaged in the provision of mobile services, sales of mobile handsets and data cards, and related services; Internet business, which is engaged in the provision of HiNet services and related services; International fixed communications business, which includes international long distance telephone services, international leased line services, international data services, satellite services, and information and communication technology (ICT) and other international services, and Others, which is engaged in the provision of non-telecom services.

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Institutional Ownership by Quarter for Chunghwa Telecom Co. (NYSE:CHT)

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