29,691 Shares in Chunghwa Telecom Co., Ltd. $CHT Bought by Savant Capital LLC

Savant Capital LLC bought a new stake in Chunghwa Telecom Co., Ltd. (NYSE:CHT) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 29,691 shares of the utilities provider’s stock, valued at approximately $1,384,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Modern Wealth Management LLC acquired a new stake in shares of Chunghwa Telecom in the first quarter valued at about $257,000. Ascent Group LLC increased its position in shares of Chunghwa Telecom by 120.3% during the 1st quarter. Ascent Group LLC now owns 15,718 shares of the utilities provider’s stock worth $616,000 after purchasing an additional 8,584 shares during the last quarter. Drive Wealth Management LLC bought a new stake in shares of Chunghwa Telecom during the 2nd quarter worth approximately $402,000. Yousif Capital Management LLC boosted its holdings in shares of Chunghwa Telecom by 3.1% in the 2nd quarter. Yousif Capital Management LLC now owns 12,229 shares of the utilities provider’s stock valued at $570,000 after buying an additional 365 shares during the last quarter. Finally, Rhumbline Advisers grew its stake in shares of Chunghwa Telecom by 3.5% in the first quarter. Rhumbline Advisers now owns 264,373 shares of the utilities provider’s stock valued at $10,366,000 after buying an additional 8,859 shares in the last quarter. 2.11% of the stock is owned by institutional investors.

Chunghwa Telecom Trading Up 0.9%

CHT stock opened at $42.81 on Thursday. Chunghwa Telecom Co., Ltd. has a one year low of $36.61 and a one year high of $47.03. The stock has a market cap of $33.21 billion, a price-to-earnings ratio of 27.98 and a beta of 0.28. The company has a fifty day moving average price of $43.48 and a two-hundred day moving average price of $44.00. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.15 and a quick ratio of 1.05.

Chunghwa Telecom (NYSE:CHT) last posted its earnings results on Thursday, November 6th. The utilities provider reported $0.41 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.41. The company had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.93 billion. Chunghwa Telecom had a net margin of 16.27% and a return on equity of 9.72%. Equities analysts anticipate that Chunghwa Telecom Co., Ltd. will post 1.44 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Chunghwa Telecom in a research report on Wednesday, October 8th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, Chunghwa Telecom has an average rating of “Hold”.

Chunghwa Telecom Company Profile

Chunghwa Telecom Co, Ltd., together with its subsidiaries, provides telecommunication services in Taiwan and internationally. It operates through Consumer Business, Enterprise Business, International Business, and Others segments. The company offers local, domestic long distance, and international long distance fixed-line telephone services; mobile services such as prepaid and postpaid plans; broadband plans; and internet and data services.