Northern Trust Corp Has $26.47 Million Stake in Chunghwa Telecom Co., Ltd. $CHT

Northern Trust Corp trimmed its holdings in Chunghwa Telecom Co., Ltd. (NYSE:CHT) by 0.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 675,181 shares of the utilities provider’s stock after selling 1,121 shares during the period. Northern Trust Corp owned 0.09% of Chunghwa Telecom worth $26,474,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Chunghwa Telecom by 15.0% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,116,747 shares of the utilities provider’s stock valued at $43,788,000 after buying an additional 145,984 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Chunghwa Telecom by 0.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 424,763 shares of the utilities provider’s stock valued at $16,003,000 after buying an additional 3,416 shares in the last quarter. American Century Companies Inc. raised its position in shares of Chunghwa Telecom by 9.8% in the first quarter. American Century Companies Inc. now owns 280,185 shares of the utilities provider’s stock valued at $10,986,000 after buying an additional 25,063 shares in the last quarter. Rhumbline Advisers raised its position in shares of Chunghwa Telecom by 3.5% in the first quarter. Rhumbline Advisers now owns 264,373 shares of the utilities provider’s stock valued at $10,366,000 after buying an additional 8,859 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in shares of Chunghwa Telecom by 6,440.5% in the first 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 in the last quarter. 2.11% of the stock is currently owned by institutional investors and hedge funds.

Chunghwa Telecom Stock Performance

Shares of NYSE:CHT opened at $43.56 on Friday. The company’s 50 day simple moving average is $44.80 and its 200 day simple moving average is $42.35. The stock has a market capitalization of $33.79 billion, a price-to-earnings ratio of 28.47 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 1 year low of $36.61 and a 1 year high of $47.03.

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

Chunghwa Telecom Increases Dividend

The business also recently announced an annual dividend, which was paid on Friday, August 15th. Shareholders of record on Thursday, July 3rd were paid a dividend of $1.6695 per share. The ex-dividend date of this dividend was Thursday, July 3rd. This is a boost from Chunghwa Telecom’s previous annual dividend of $1.47. This represents a dividend yield of 290.0%. Chunghwa Telecom’s payout ratio is presently 84.97%.

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.