TD Asset Management Inc Sells 119,927 Shares of Chunghwa Telecom Co., Ltd. $CHT

TD Asset Management Inc reduced its position in shares of Chunghwa Telecom Co., Ltd. (NYSE:CHT) by 18.4% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 533,177 shares of the utilities provider’s stock after selling 119,927 shares during the quarter. TD Asset Management Inc owned 0.07% of Chunghwa Telecom worth $23,257,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CHT. Arrowstreet Capital Limited Partnership increased its position in shares of Chunghwa Telecom by 411.1% during the second quarter. Arrowstreet Capital Limited Partnership now owns 297,704 shares of the utilities provider’s stock valued at $13,876,000 after acquiring an additional 239,458 shares in the last quarter. Mondrian Investment Partners LTD purchased a new stake in Chunghwa Telecom during the 3rd quarter valued at $9,865,000. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Chunghwa Telecom by 12.2% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,253,331 shares of the utilities provider’s stock worth $58,418,000 after purchasing an additional 136,584 shares in the last quarter. Acadian Asset Management LLC increased its holdings in shares of Chunghwa Telecom by 23.0% in the 2nd quarter. Acadian Asset Management LLC now owns 572,484 shares of the utilities provider’s stock worth $26,672,000 after purchasing an additional 106,913 shares in the last quarter. Finally, Quantinno Capital Management LP raised 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 purchasing an additional 76,087 shares during the last quarter. Institutional investors own 2.11% of the company’s stock.

Chunghwa Telecom Stock Up 0.2%

CHT stock opened at $43.19 on Friday. The business’s 50-day moving average is $42.21 and its two-hundred day moving average is $42.79. The company has a market cap of $33.50 billion, a price-to-earnings ratio of 26.83, a P/E/G ratio of 5.79 and a beta of 0.30. Chunghwa Telecom Co., Ltd. has a fifty-two week low of $37.03 and a fifty-two week high of $47.03. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.30 and a current ratio of 1.50.

Chunghwa Telecom (NYSE:CHT) last issued its quarterly earnings data on Thursday, February 26th. The utilities provider reported $0.38 earnings per share for the quarter. Chunghwa Telecom had a net margin of 16.37% and a return on equity of 9.87%. As a group, analysts forecast that Chunghwa Telecom Co., Ltd. will post 1.44 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

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.