Chunghwa Telecom Co., Ltd (NYSE:CHT) Shares Sold by State Street Corp

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State Street Corp decreased its stake in shares of Chunghwa Telecom Co., Ltd (NYSE:CHT) by 5.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 238,047 shares of the utilities provider’s stock after selling 12,475 shares during the quarter. State Street Corp’s holdings in Chunghwa Telecom were worth $8,467,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Tower Research Capital LLC TRC increased its stake in Chunghwa Telecom by 1,848.6% during the 1st quarter. Tower Research Capital LLC TRC now owns 721 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 684 shares in the last quarter. Aigen Investment Management LP acquired a new stake in shares of Chunghwa Telecom in the first quarter worth $45,000. Royal Bank of Canada increased its stake in shares of Chunghwa Telecom by 826.6% in the first quarter. Royal Bank of Canada now owns 2,576 shares of the utilities provider’s stock worth $91,000 after acquiring an additional 2,298 shares during the period. CWM LLC increased its stake in shares of Chunghwa Telecom by 12,607.1% in the first quarter. CWM LLC now owns 3,558 shares of the utilities provider’s stock worth $127,000 after acquiring an additional 3,530 shares during the period. Finally, Lindbrook Capital LLC increased its stake in shares of Chunghwa Telecom by 119.2% in the first quarter. Lindbrook Capital LLC now owns 3,603 shares of the utilities provider’s stock worth $128,000 after acquiring an additional 1,959 shares during the period. Institutional investors and hedge funds own 2.84% of the company’s stock.

Separately, Zacks Investment Research lowered shares of Chunghwa Telecom from a “buy” rating to a “hold” rating in a research note on Monday, May 25th.

NYSE:CHT opened at $36.88 on Friday. The firm has a market capitalization of $28.61 billion, a P/E ratio of 26.53, a PEG ratio of 18.27 and a beta of 0.12. Chunghwa Telecom Co., Ltd has a 1-year low of $33.61 and a 1-year high of $39.47. The company’s fifty day moving average price is $37.74 and its 200-day moving average price is $36.66. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.95 and a quick ratio of 0.72.

Chunghwa Telecom (NYSE:CHT) last released its quarterly earnings data on Thursday, April 30th. The utilities provider reported $0.36 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.03. Chunghwa Telecom had a net margin of 16.24% and a return on equity of 8.51%. The firm had revenue of $1.60 billion for the quarter. Equities analysts anticipate that Chunghwa Telecom Co., Ltd will post 1.43 EPS for the current fiscal year.

The company also recently declared an annual dividend, which will be paid on Thursday, August 13th. Investors of record on Thursday, July 2nd will be issued a dividend of $1.4187 per share. This represents a yield of 2.9%. The ex-dividend date is Wednesday, July 1st. Chunghwa Telecom’s dividend payout ratio (DPR) is presently 79.14%.

Chunghwa Telecom Company Profile

Chunghwa Telecom Co, Ltd. provides telecommunication services in Taiwan. It operates through Domestic Fixed Communications Business, Mobile Communications Business, Internet Business, International Fixed Communications Business, and Other Business segments. It offers local and domestic long distance telephone and leased line, broadband access, Wi-Fi, and multimedia on demand services; information and communication technology (ICT), corporate, and bill handling services; and interconnection with its fixed-line network to other mobile and fixed-line operators.

Read More: Why do companies issue stock splits?

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

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