Chunghwa Telecom Co., Ltd. (NYSE:CHT) Holdings Raised by Cerity Partners LLC

Cerity Partners LLC boosted its stake in Chunghwa Telecom Co., Ltd. (NYSE:CHT) by 100.3% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 79,367 shares of the utilities provider’s stock after buying an additional 39,734 shares during the period. Cerity Partners LLC’s holdings in Chunghwa Telecom were worth $3,112,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. BNP Paribas Financial Markets increased its position in shares of Chunghwa Telecom by 617.4% during the 4th quarter. BNP Paribas Financial Markets now owns 1,693 shares of the utilities provider’s stock valued at $64,000 after purchasing an additional 1,457 shares during the period. GeoWealth Management LLC acquired a new stake in shares of Chunghwa Telecom in the fourth quarter valued at $117,000. GAMMA Investing LLC boosted its stake in Chunghwa Telecom by 66.8% during the first quarter. GAMMA Investing LLC now owns 5,146 shares of the utilities provider’s stock valued at $202,000 after buying an additional 2,061 shares in the last quarter. D Orazio & Associates Inc. grew its holdings in Chunghwa Telecom by 4.5% during the first quarter. D Orazio & Associates Inc. now owns 6,008 shares of the utilities provider’s stock worth $236,000 after acquiring an additional 259 shares during the period. Finally, Mercer Global Advisors Inc. ADV acquired a new position in Chunghwa Telecom during the fourth quarter worth about $266,000. Institutional investors own 2.11% of the company’s stock.

Chunghwa Telecom Price Performance

CHT stock opened at $43.77 on Friday. Chunghwa Telecom Co., Ltd. has a one year low of $36.29 and a one year high of $47.03. The firm has a 50-day moving average of $44.70 and a two-hundred day moving average of $41.00. The firm has a market capitalization of $33.95 billion, a PE ratio of 29.38 and a beta of 0.25. The company has a current ratio of 1.63, a quick ratio of 1.46 and a debt-to-equity ratio of 0.06.

Chunghwa Telecom (NYSE:CHT) last released its 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. Chunghwa Telecom had a return on equity of 9.63% and a net margin of 16.29%. The company had revenue of $1.85 billion during the quarter, compared to analyst estimates of $56.11 billion. On average, analysts forecast that Chunghwa Telecom Co., Ltd. will post 1.44 earnings per share for the current year.

Chunghwa Telecom Increases Dividend

The firm also recently disclosed an annual dividend, which will be paid on Friday, August 8th. Shareholders of record on Thursday, July 3rd will be given a dividend of $1.6695 per share. The ex-dividend date is Thursday, July 3rd. This is a positive change from Chunghwa Telecom’s previous annual dividend of $1.47. This represents a yield of 2.9%. Chunghwa Telecom’s dividend payout ratio (DPR) is presently 86.58%.

Wall Street Analyst Weigh In

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

Chunghwa Telecom Company 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.