Cerity Partners LLC Sells 1,309 Shares of Chunghwa Telecom Co., Ltd. (NYSE:CHT)

Cerity Partners LLC lessened its stake in shares of Chunghwa Telecom Co., Ltd. (NYSE:CHT) by 2.3% during the fourth quarter, Holdings Channel.com reports. The fund owned 56,160 shares of the utilities provider’s stock after selling 1,309 shares during the period. Cerity Partners LLC’s holdings in Chunghwa Telecom were worth $2,194,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. BlackRock Inc. increased its stake in Chunghwa Telecom by 6.3% during the 2nd quarter. BlackRock Inc. now owns 2,893,770 shares of the utilities provider’s stock worth $107,909,000 after acquiring an additional 170,632 shares during the period. Macquarie Group Ltd. bought a new position in Chunghwa Telecom during the 1st quarter worth $86,880,000. Morgan Stanley increased its stake in Chunghwa Telecom by 7.7% during the 3rd quarter. Morgan Stanley now owns 1,175,582 shares of the utilities provider’s stock worth $42,250,000 after acquiring an additional 84,339 shares during the period. Schroder Investment Management Group increased its stake in Chunghwa Telecom by 0.9% during the 3rd quarter. Schroder Investment Management Group now owns 508,882 shares of the utilities provider’s stock worth $18,289,000 after acquiring an additional 4,459 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Chunghwa Telecom by 2.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 362,894 shares of the utilities provider’s stock valued at $13,554,000 after purchasing an additional 9,167 shares in the last quarter. Institutional investors own 2.11% of the company’s stock.

Chunghwa Telecom Trading Down 0.8 %

Shares of CHT stock opened at $37.85 on Friday. The stock’s fifty day moving average price is $38.61 and its two-hundred day moving average price is $37.81. The company has a market cap of $29.36 billion, a PE ratio of 24.74 and a beta of 0.17. Chunghwa Telecom Co., Ltd. has a fifty-two week low of $35.44 and a fifty-two week high of $41.58. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.23 and a current ratio of 1.33.

Chunghwa Telecom (NYSE:CHT) last issued 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 for the quarter. Chunghwa Telecom had a return on equity of 9.49% and a net margin of 16.57%. Equities analysts predict that Chunghwa Telecom Co., Ltd. will post 1.5 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded 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.