Augustine Asset Management Inc. decreased its stake in Chunghwa Telecom Co., Ltd. (NYSE:CHT) by 12.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 15,514 shares of the utilities provider’s stock after selling 2,178 shares during the period. Augustine Asset Management Inc.’s holdings in Chunghwa Telecom Co. were worth $546,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in CHT. Karp Capital Management Corp acquired a new position in shares of Chunghwa Telecom Co. during the first quarter valued at $36,485,000. World Asset Management Inc increased its position in shares of Chunghwa Telecom Co. by 1.5% in the first quarter. World Asset Management Inc now owns 48,320 shares of the utilities provider’s stock valued at $1,642,000 after buying an additional 710 shares during the period. Comerica Bank increased its position in shares of Chunghwa Telecom Co. by 1.3% in the first quarter. Comerica Bank now owns 44,948 shares of the utilities provider’s stock valued at $1,523,000 after buying an additional 577 shares during the period. BNP Paribas Arbitrage SA increased its position in shares of Chunghwa Telecom Co. by 44.2% in the first quarter. BNP Paribas Arbitrage SA now owns 5,383 shares of the utilities provider’s stock valued at $183,000 after buying an additional 1,651 shares during the period. Finally, First Trust Advisors LP increased its position in shares of Chunghwa Telecom Co. by 4.8% in the first quarter. First Trust Advisors LP now owns 149,291 shares of the utilities provider’s stock valued at $5,073,000 after buying an additional 6,886 shares during the period. Hedge funds and other institutional investors own 3.60% of the company’s stock.

Chunghwa Telecom Co., Ltd. (NYSE:CHT) traded down 0.56% during mid-day trading on Wednesday, reaching $34.72. The company’s stock had a trading volume of 107,953 shares. The firm has a market cap of $26.93 billion, a PE ratio of 21.43 and a beta of 0.33. The stock’s 50 day moving average is $35.73 and its 200 day moving average is $33.99. Chunghwa Telecom Co., Ltd. has a one year low of $31.28 and a one year high of $37.39.

Chunghwa Telecom Co. (NYSE:CHT) last released its quarterly earnings results on Thursday, April 27th. The utilities provider reported $0.40 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.42 by $0.02. Chunghwa Telecom Co. had a return on equity of 10.38% and a net margin of 16.68%. The company had revenue of $1.75 billion for the quarter. On average, analysts anticipate that Chunghwa Telecom Co., Ltd. will post $1.66 EPS for the current year.

The business also recently declared an annual dividend, which will be paid on Friday, September 1st. Investors of record on Friday, July 21st will be issued a dividend of $1.6294 per share. The ex-dividend date of this dividend is Wednesday, July 19th. This represents a dividend yield of 4.57%. This is a positive change from Chunghwa Telecom Co.’s previous annual dividend of $1.33. Chunghwa Telecom Co.’s dividend payout ratio (DPR) is currently 88.31%.

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Several brokerages recently weighed in on CHT. BidaskClub downgraded Chunghwa Telecom Co. from a “buy” rating to a “hold” rating in a research note on Wednesday, June 14th. Zacks Investment Research upgraded Chunghwa Telecom Co. from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a research note on Monday, May 29th. Finally, UBS AG downgraded Chunghwa Telecom Co. from a “buy” rating to a “sell” rating in a research note on Friday, May 12th. Two analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a buy rating to the company’s stock. Chunghwa Telecom Co. presently has a consensus rating of “Hold” and a consensus target price of $40.00.

Chunghwa Telecom Co. Company Profile

Chunghwa Telecom Co, Ltd. provides telecommunication services. The Company’s segments include Domestic fixed communications business, which is engaged in the provision of local telephone services, domestic long distance telephone services, broadband access and related services; Mobile communications business, which is engaged in the provision of mobile services, sales of mobile handsets and data cards, and related services; Internet business, which is engaged in the provision of HiNet services and related services; International fixed communications business, which includes international long distance telephone services, international leased line services, international data services, satellite services, and information and communication technology (ICT) and other international services, and Others, which is engaged in the provision of non-telecom services.

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Institutional Ownership by Quarter for Chunghwa Telecom Co. (NYSE:CHT)

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