Chunghwa Telecom Co., Ltd. $CHT Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. lowered its position in Chunghwa Telecom Co., Ltd. (NYSE:CHT) by 3.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,124,924 shares of the utilities provider’s stock after selling 79,310 shares during the quarter. Vanguard Group Inc. owned 0.27% of Chunghwa Telecom worth $83,318,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Northern Trust Corp increased its holdings in Chunghwa Telecom by 420.8% during the 4th quarter. Northern Trust Corp now owns 676,302 shares of the utilities provider’s stock worth $25,463,000 after purchasing an additional 546,436 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Chunghwa Telecom by 6,440.5% during the 1st quarter. GAMMA Investing LLC now owns 201,775 shares of the utilities provider’s stock valued at $7,912,000 after buying an additional 198,690 shares during the last quarter. Vident Advisory LLC grew its position in shares of Chunghwa Telecom by 80.9% during the fourth quarter. Vident Advisory LLC now owns 138,978 shares of the utilities provider’s stock worth $5,233,000 after buying an additional 62,147 shares in the last quarter. Cerity Partners LLC increased its stake in shares of Chunghwa Telecom by 100.3% in the first quarter. Cerity Partners LLC now owns 79,367 shares of the utilities provider’s stock worth $3,112,000 after buying an additional 39,734 shares during the last quarter. Finally, First Trust Advisors LP bought a new stake in shares of Chunghwa Telecom in the fourth quarter worth $942,000. 2.11% of the stock is owned by hedge funds and other institutional investors.

Chunghwa Telecom Trading Down 1.8%

NYSE CHT opened at $44.6850 on Friday. The company has a market capitalization of $34.66 billion, a price-to-earnings ratio of 29.21 and a beta of 0.26. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.15 and a quick ratio of 1.05. Chunghwa Telecom Co., Ltd. has a 12 month low of $36.61 and a 12 month high of $47.03. The company’s fifty day moving average price is $45.01 and its two-hundred day moving average price is $42.16.

Chunghwa Telecom (NYSE:CHT) last released its earnings results on Tuesday, August 5th. The utilities provider reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.01. Chunghwa Telecom had a net margin of 16.27% and a return on equity of 9.72%. The company had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $55.92 billion. As a group, research analysts predict that Chunghwa Telecom Co., Ltd. will post 1.44 earnings per share for the current fiscal year.

Chunghwa Telecom Increases Dividend

The firm also recently disclosed an annual dividend, which was paid on Friday, August 8th. Investors of record on Thursday, July 3rd were paid a dividend of $1.6695 per share. This represents a yield of 290.0%. This is a positive change from Chunghwa Telecom’s previous annual dividend of $1.47. The ex-dividend date was Thursday, July 3rd. Chunghwa Telecom’s dividend payout ratio (DPR) is currently 84.97%.

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.