BNP Paribas Financial Markets Purchases 1,457 Shares of Chunghwa Telecom Co., Ltd. (NYSE:CHT)

BNP Paribas Financial Markets lifted its position in shares of Chunghwa Telecom Co., Ltd. (NYSE:CHT) by 617.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,693 shares of the utilities provider’s stock after purchasing an additional 1,457 shares during the period. BNP Paribas Financial Markets’ holdings in Chunghwa Telecom were worth $64,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Northern Trust Corp boosted its holdings in shares of Chunghwa Telecom by 420.8% in the 4th quarter. Northern Trust Corp now owns 676,302 shares of the utilities provider’s stock valued at $25,463,000 after purchasing an additional 546,436 shares in the last quarter. Mondrian Investment Partners LTD boosted its holdings in shares of Chunghwa Telecom by 101.4% in the 4th quarter. Mondrian Investment Partners LTD now owns 236,641 shares of the utilities provider’s stock valued at $9,191,000 after purchasing an additional 119,143 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Chunghwa Telecom by 6.0% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 970,763 shares of the utilities provider’s stock valued at $36,549,000 after purchasing an additional 54,910 shares in the last quarter. American Century Companies Inc. boosted its holdings in shares of Chunghwa Telecom by 15.3% in the 4th quarter. American Century Companies Inc. now owns 255,122 shares of the utilities provider’s stock valued at $9,605,000 after purchasing an additional 33,831 shares in the last quarter. Finally, Allianz SE acquired a new stake in shares of Chunghwa Telecom during the 4th quarter valued at $1,175,000. Institutional investors and hedge funds own 2.11% of the company’s stock.

Analyst Ratings Changes

Separately, Wall Street Zen lowered Chunghwa Telecom from a “buy” rating to a “hold” rating in a research report on Monday, April 14th.

Chunghwa Telecom Stock Performance

Shares of CHT opened at $44.06 on Tuesday. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.47 and a quick ratio of 1.29. The stock has a 50-day moving average of $41.22 and a 200-day moving average of $39.36. The company has a market cap of $34.18 billion, a PE ratio of 29.57, a P/E/G ratio of 21.42 and a beta of 0.21. Chunghwa Telecom Co., Ltd. has a one year low of $35.92 and a one year high of $44.44.

Chunghwa Telecom (NYSE:CHT) last released its quarterly earnings results on Thursday, May 8th. The utilities provider reported $0.38 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.38. The business had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $56.11 billion. Chunghwa Telecom had a return on equity of 9.53% and a net margin of 16.18%. On average, equities research analysts predict that Chunghwa Telecom Co., Ltd. will post 1.44 EPS for the current fiscal year.

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.