American Century Companies Inc. Has $16.20 Million Holdings in Chunghwa Telecom Co., Ltd. $CHT

American Century Companies Inc. increased its stake in shares of Chunghwa Telecom Co., Ltd. (NYSE:CHT) by 12.7% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 371,284 shares of the utilities provider’s stock after acquiring an additional 41,823 shares during the period. American Century Companies Inc.’s holdings in Chunghwa Telecom were worth $16,195,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. Farther Finance Advisors LLC boosted its position in Chunghwa Telecom by 65.9% during the third quarter. Farther Finance Advisors LLC now owns 866 shares of the utilities provider’s stock worth $38,000 after purchasing an additional 344 shares during the period. Smartleaf Asset Management LLC bought a new position in shares of Chunghwa Telecom in the second quarter valued at approximately $53,000. Westside Investment Management Inc. lifted its stake in shares of Chunghwa Telecom by 100.0% in the third quarter. Westside Investment Management Inc. now owns 1,438 shares of the utilities provider’s stock worth $63,000 after buying an additional 719 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Chunghwa Telecom by 1,047.1% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,973 shares of the utilities provider’s stock worth $86,000 after buying an additional 1,801 shares during the last quarter. Finally, Allworth Financial LP boosted its holdings in shares of Chunghwa Telecom by 125.9% during the 2nd quarter. Allworth Financial LP now owns 2,370 shares of the utilities provider’s stock worth $110,000 after buying an additional 1,321 shares during the period. 2.11% of the stock is owned by institutional investors.

Chunghwa Telecom Stock Down 0.1%

CHT opened at $43.13 on Wednesday. The business has a 50 day moving average of $42.45 and a 200-day moving average of $42.67. The stock has a market capitalization of $33.46 billion, a price-to-earnings ratio of 26.79, a P/E/G ratio of 5.78 and a beta of 0.29. The company has a current ratio of 1.49, a quick ratio of 1.32 and a debt-to-equity ratio of 0.06. Chunghwa Telecom Co., Ltd. has a 1-year low of $37.03 and a 1-year high of $47.03.

Chunghwa Telecom (NYSE:CHT) last announced its earnings results on Thursday, February 26th. The utilities provider reported $0.38 earnings per share (EPS) for the quarter. Chunghwa Telecom had a net margin of 16.37% and a return on equity of 9.82%. As a group, sell-side analysts anticipate that Chunghwa Telecom Co., Ltd. will post 1.44 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CHT has been the topic of several recent analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Chunghwa Telecom in a report on Wednesday, January 21st. Zacks Research upgraded shares of Chunghwa Telecom to a “hold” rating in a report on Monday, January 12th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Chunghwa Telecom currently has an average rating of “Hold”.

About Chunghwa Telecom

Chunghwa Telecom Co, Ltd. is the largest integrated telecommunications service provider in Taiwan, serving both consumer and enterprise customers across the island and through international telecommunications links. The company offers a full range of voice, data and multimedia services and operates as the incumbent fixed-line operator while also competing in mobile, broadband and enterprise markets. Its network footprint and traffic interchange capabilities support domestic communications and cross-border connectivity for carriers and multinational businesses.

Chunghwa Telecom’s product and service portfolio includes fixed-line telephony, mobile services (including 4G and 5G wireless access), broadband internet (DSL and fiber-to-the-home), and IPTV.