Sequoia Financial Advisors LLC Boosts Position in Chunghwa Telecom Co., Ltd. (NYSE:CHT)

Sequoia Financial Advisors LLC boosted its holdings in shares of Chunghwa Telecom Co., Ltd. (NYSE:CHT) by 16.9% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 19,675 shares of the utilities provider’s stock after purchasing an additional 2,847 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Chunghwa Telecom were worth $769,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Ieq Capital LLC purchased a new position in Chunghwa Telecom during the 3rd quarter worth approximately $209,000. Mondrian Investment Partners LTD purchased a new position in Chunghwa Telecom during the 3rd quarter worth approximately $4,223,000. Advisor Partners II LLC raised its position in Chunghwa Telecom by 45.4% during the 3rd quarter. Advisor Partners II LLC now owns 49,882 shares of the utilities provider’s stock worth $1,793,000 after buying an additional 15,575 shares during the last quarter. Schechter Investment Advisors LLC purchased a new position in Chunghwa Telecom during the 4th quarter worth approximately $338,000. Finally, Blue Trust Inc. raised its position in Chunghwa Telecom by 17.4% during the 4th quarter. Blue Trust Inc. now owns 11,858 shares of the utilities provider’s stock worth $427,000 after buying an additional 1,758 shares during the last quarter. 2.11% of the stock is owned by hedge funds and other institutional investors.

Chunghwa Telecom Price Performance

NYSE:CHT opened at $38.63 on Tuesday. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.33 and a quick ratio of 1.23. The firm has a market cap of $29.97 billion, a price-to-earnings ratio of 25.25 and a beta of 0.17. The company has a 50 day moving average price of $38.67 and a 200-day moving average price of $37.77. Chunghwa Telecom Co., Ltd. has a 1-year low of $35.44 and a 1-year high of $41.58.

Chunghwa Telecom (NYSE:CHT) last posted its earnings results on Tuesday, January 30th. The utilities provider reported $0.33 earnings per share for the quarter. The firm had revenue of $1.94 billion during the quarter. Chunghwa Telecom had a net margin of 16.57% and a return on equity of 9.49%. Equities research analysts forecast that Chunghwa Telecom Co., Ltd. will post 1.5 EPS for the current year.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of Chunghwa Telecom from a “buy” rating to a “hold” rating in a report on Thursday, February 22nd.

Chunghwa Telecom Profile

Chunghwa Telecom Co, Ltd., together with its subsidiaries, provides telecommunication services in Taiwan and internationally. It operates through Consumer Business, Enterprise Business, International Business, and Others segments. The company offers local, domestic long distance, and international long distance fixed-line telephone services; mobile services such as prepaid and postpaid plans; broadband plans; and internet and data services.