TD Asset Management Inc. boosted its stake in shares of Chunghwa Telecom Co., Ltd (NYSE:CHT) by 6.2% during the second quarter, Holdings Channel reports. The institutional investor owned 1,453,800 shares of the utilities provider’s stock after buying an additional 85,300 shares during the period. TD Asset Management Inc.’s holdings in Chunghwa Telecom Co. were worth $51,203,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of CHT. Sei Investments Co. boosted its position in Chunghwa Telecom Co. by 65.8% in the second quarter. Sei Investments Co. now owns 3,188 shares of the utilities provider’s stock valued at $112,000 after buying an additional 1,265 shares in the last quarter. BNP Paribas Arbitrage SA boosted its position in 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 in the last quarter. Eqis Capital Management Inc. boosted its position in Chunghwa Telecom Co. by 3.6% in the first quarter. Eqis Capital Management Inc. now owns 7,005 shares of the utilities provider’s stock valued at $238,000 after buying an additional 246 shares in the last quarter. Greenleaf Trust purchased a new position in Chunghwa Telecom Co. during the first quarter valued at about $252,000. Finally, Dynamic Technology Lab Private Ltd boosted its position in Chunghwa Telecom Co. by 13.8% in the first quarter. Dynamic Technology Lab Private Ltd now owns 8,045 shares of the utilities provider’s stock valued at $273,000 after buying an additional 976 shares in the last quarter. Institutional investors and hedge funds own 3.57% of the company’s stock.

Shares of Chunghwa Telecom Co., Ltd (NYSE CHT) opened at 33.90 on Wednesday. Chunghwa Telecom Co., Ltd has a 52-week low of $31.28 and a 52-week high of $37.39. The stock’s 50 day moving average price is $35.11 and its 200-day moving average price is $34.14. The firm has a market cap of $26.30 billion, a price-to-earnings ratio of 20.93 and a beta of 0.33.

Chunghwa Telecom Co. (NYSE:CHT) last released its quarterly earnings results on Thursday, July 27th. The utilities provider reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.04. Chunghwa Telecom Co. had a return on equity of 10.41% and a net margin of 18.05%. The firm had revenue of $1.84 billion for the quarter. On average, analysts forecast 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. Shareholders of record on Friday, July 21st will be given a $1.6294 dividend. This represents a dividend yield of 4.57%. The ex-dividend date is Wednesday, July 19th. This is a positive change from Chunghwa Telecom Co.’s previous annual dividend of $1.33. Chunghwa Telecom Co.’s payout ratio is 82.58%.

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Several equities analysts recently issued reports on the company. UBS AG cut Chunghwa Telecom Co. from a “buy” rating to a “sell” rating in a report on Friday, May 12th. BidaskClub lowered Chunghwa Telecom Co. from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Finally, Zacks Investment Research raised Chunghwa Telecom Co. from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a research note on Monday, May 29th. Three equities research analysts have rated the stock with a sell rating and one has given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $40.00.

About Chunghwa Telecom Co.

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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