Public Employees Retirement System of Ohio lowered its position in Chunghwa Telecom Co., Ltd. (NYSE:CHT – Free Report) by 46.7% during the first quarter, Holdings Channel.com reports. The institutional investor owned 71,101 shares of the utilities provider’s stock after selling 62,382 shares during the period. Public Employees Retirement System of Ohio’s holdings in Chunghwa Telecom were worth $3,003,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently bought and sold shares of CHT. B. Metzler seel. Sohn & Co. AG acquired a new stake in Chunghwa Telecom during the 4th quarter valued at approximately $6,554,000. Goldman Sachs Group Inc. boosted its holdings in shares of Chunghwa Telecom by 67.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 368,306 shares of the utilities provider’s stock valued at $15,362,000 after acquiring an additional 148,378 shares during the last quarter. First Trust Advisors LP increased its stake in shares of Chunghwa Telecom by 342.2% in the third quarter. First Trust Advisors LP now owns 98,929 shares of the utilities provider’s stock worth $4,315,000 after acquiring an additional 76,558 shares during the period. Quantinno Capital Management LP increased its stake in shares of Chunghwa Telecom by 142.6% in the second quarter. Quantinno Capital Management LP now owns 129,440 shares of the utilities provider’s stock worth $6,033,000 after acquiring an additional 76,087 shares during the period. Finally, Creative Planning raised its holdings in shares of Chunghwa Telecom by 20.0% during the third quarter. Creative Planning now owns 380,892 shares of the utilities provider’s stock worth $16,615,000 after purchasing an additional 63,523 shares during the last quarter. Institutional investors and hedge funds own 2.11% of the company’s stock.
Analyst Ratings Changes
A number of research analysts recently issued reports on the stock. Zacks Research downgraded shares of Chunghwa Telecom from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 22nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Chunghwa Telecom in a research report on Friday, July 17th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce”.
Chunghwa Telecom Trading Down 0.1%
Chunghwa Telecom stock opened at $42.62 on Friday. The company has a current ratio of 1.64, a quick ratio of 1.46 and a debt-to-equity ratio of 0.06. Chunghwa Telecom Co., Ltd. has a 12 month low of $39.28 and a 12 month high of $46.48. The stock’s 50 day simple moving average is $43.94 and its two-hundred day simple moving average is $43.20. The firm has a market cap of $33.06 billion, a PE ratio of 25.99, a P/E/G ratio of 1.93 and a beta of 0.29.
Chunghwa Telecom (NYSE:CHT – Get Free Report) last issued its quarterly earnings data on Tuesday, March 31st. The utilities provider reported $0.41 EPS for the quarter. The business had revenue of $1.88 billion for the quarter. Chunghwa Telecom had a net margin of 16.23% and a return on equity of 9.90%. Analysts anticipate that Chunghwa Telecom Co., Ltd. will post 1.53 earnings per share for the current year.
Chunghwa Telecom Cuts Dividend
The company also recently declared an annual dividend, which will be paid on Friday, August 14th. Investors of record on Thursday, July 9th will be given a dividend of $1.6525 per share. This represents a yield of 398.0%. The ex-dividend date is Thursday, July 9th. Chunghwa Telecom’s dividend payout ratio (DPR) is currently 78.66%.
Chunghwa Telecom Company Profile
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.
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