Chunghwa Telecom Co., Ltd. $CHT Shares Sold by Rhumbline Advisers

Rhumbline Advisers decreased its stake in Chunghwa Telecom Co., Ltd. (NYSE:CHT) by 5.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 218,271 shares of the utilities provider’s stock after selling 11,917 shares during the period. Rhumbline Advisers’ holdings in Chunghwa Telecom were worth $9,521,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Westside Investment Management Inc. purchased a new position in Chunghwa Telecom in the second quarter valued at about $34,000. Farther Finance Advisors LLC increased its stake in Chunghwa Telecom by 65.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 866 shares of the utilities provider’s stock valued at $38,000 after purchasing an additional 344 shares in the last quarter. Hantz Financial Services Inc. raised its holdings in Chunghwa Telecom by 1,083.1% during the second quarter. Hantz Financial Services Inc. now owns 840 shares of the utilities provider’s stock worth $39,000 after purchasing an additional 769 shares during the last quarter. Smartleaf Asset Management LLC purchased a new stake in Chunghwa Telecom during the second quarter worth $53,000. Finally, Mirae Asset Global Investments Co. Ltd. boosted its position in Chunghwa Telecom by 1,047.1% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,973 shares of the utilities provider’s stock worth $86,000 after purchasing an additional 1,801 shares in the last quarter. Hedge funds and other institutional investors own 2.11% of the company’s stock.

Chunghwa Telecom Price Performance

Chunghwa Telecom stock opened at $42.60 on Friday. The stock has a market capitalization of $33.05 billion, a P/E ratio of 26.46, a P/E/G ratio of 5.70 and a beta of 0.30. Chunghwa Telecom Co., Ltd. has a 12-month low of $37.03 and a 12-month high of $47.03. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.50 and a quick ratio of 1.30. The firm’s 50-day moving average is $41.99 and its two-hundred day moving average is $42.87.

Chunghwa Telecom (NYSE:CHT) last announced its quarterly earnings data on Tuesday, February 3rd. The utilities provider reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.01. Chunghwa Telecom had a net margin of 16.37% and a return on equity of 9.87%. The business had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $1.84 billion. Equities analysts predict that Chunghwa Telecom Co., Ltd. will post 1.44 earnings per share for the current year.

Wall Street Analyst Weigh In

CHT has been the subject of several research reports. Zacks Research raised Chunghwa Telecom to a “hold” rating in a research note on Monday, January 12th. Weiss Ratings restated a “hold (c)” rating on shares of Chunghwa Telecom in a report on Wednesday, January 21st. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Chunghwa Telecom 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.