Fulton Bank N.A. bought a new position in shares of Chunghwa Telecom Co., Ltd. (NYSE:CHT – Get Rating) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 6,204 shares of the utilities provider’s stock, valued at approximately $256,000.
Other hedge funds also recently bought and sold shares of the company. CWM LLC boosted its stake in Chunghwa Telecom by 296.1% during the first quarter. CWM LLC now owns 602 shares of the utilities provider’s stock worth $27,000 after buying an additional 450 shares during the period. Glassman Wealth Services boosted its stake in Chunghwa Telecom by 98.2% during the fourth quarter. Glassman Wealth Services now owns 777 shares of the utilities provider’s stock worth $33,000 after buying an additional 385 shares during the period. Royal Bank of Canada boosted its stake in Chunghwa Telecom by 154.6% during the first quarter. Royal Bank of Canada now owns 769 shares of the utilities provider’s stock worth $34,000 after buying an additional 467 shares during the period. EverSource Wealth Advisors LLC purchased a new position in shares of Chunghwa Telecom in the fourth quarter valued at approximately $46,000. Finally, BNP Paribas Arbitrage SA boosted its stake in shares of Chunghwa Telecom by 848.0% in the first quarter. BNP Paribas Arbitrage SA now owns 1,877 shares of the utilities provider’s stock valued at $83,000 after purchasing an additional 1,679 shares during the period. Hedge funds and other institutional investors own 2.43% of the company’s stock.
Chunghwa Telecom Trading Down 0.3 %
NYSE CHT opened at $37.55 on Monday. The firm has a 50 day simple moving average of $40.18 and a 200-day simple moving average of $42.18. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.08 and a current ratio of 1.20. Chunghwa Telecom Co., Ltd. has a one year low of $37.38 and a one year high of $45.87. The firm has a market cap of $29.13 billion, a price-to-earnings ratio of 22.62 and a beta of 0.06.
Analysts Set New Price Targets
Separately, JPMorgan Chase & Co. raised shares of Chunghwa Telecom from a “neutral” rating to an “overweight” rating in a research note on Monday, July 18th.
About Chunghwa Telecom
Chunghwa Telecom Co, Ltd., together with its subsidiaries, provides telecommunication services in Taiwan and internationally. It operates through Domestic Fixed Communications Business, Mobile Communications Business, Internet Business, International Fixed Communications Business, and Others segments.
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