Geode Capital Management LLC Sells 2,121 Shares of Chunghwa Telecom Co., Ltd. (NYSE:CHT)

Geode Capital Management LLC lessened its holdings in Chunghwa Telecom Co., Ltd. (NYSE:CHT) by 27.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,567 shares of the utilities provider’s stock after selling 2,121 shares during the quarter. Geode Capital Management LLC’s holdings in Chunghwa Telecom were worth $210,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Ieq Capital LLC boosted its holdings in Chunghwa Telecom by 5.7% in the 4th quarter. Ieq Capital LLC now owns 5,621 shares of the utilities provider’s stock valued at $212,000 after purchasing an additional 301 shares during the period. Sivia Capital Partners LLC boosted its stake in shares of Chunghwa Telecom by 4.2% in the fourth quarter. Sivia Capital Partners LLC now owns 9,785 shares of the utilities provider’s stock valued at $368,000 after buying an additional 391 shares during the period. First Affirmative Financial Network grew its position in Chunghwa Telecom by 2.1% during the fourth quarter. First Affirmative Financial Network now owns 31,156 shares of the utilities provider’s stock worth $1,173,000 after buying an additional 655 shares in the last quarter. Lester Murray Antman dba SimplyRich grew its position in Chunghwa Telecom by 5.7% during the fourth quarter. Lester Murray Antman dba SimplyRich now owns 14,896 shares of the utilities provider’s stock worth $560,000 after buying an additional 800 shares in the last quarter. Finally, V Square Quantitative Management LLC increased its stake in Chunghwa Telecom by 31.0% during the 4th quarter. V Square Quantitative Management LLC now owns 4,065 shares of the utilities provider’s stock worth $153,000 after acquiring an additional 961 shares during the period. 2.11% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com downgraded Chunghwa Telecom from a “buy” rating to a “hold” rating in a research report on Monday, April 14th.

Chunghwa Telecom Price Performance

CHT stock opened at $42.11 on Friday. The company’s 50-day moving average price is $39.30 and its two-hundred day moving average price is $38.52. The firm has a market cap of $32.67 billion, a P/E ratio of 28.26, a P/E/G ratio of 21.42 and a beta of 0.21. The company has a quick ratio of 1.29, a current ratio of 1.47 and a debt-to-equity ratio of 0.06. Chunghwa Telecom Co., Ltd. has a 12 month low of $35.92 and a 12 month high of $42.14.

About Chunghwa Telecom

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.