Vanguard Group Inc. Sells 50,729 Shares of Chunghwa Telecom Co., Ltd. $CHT

Vanguard Group Inc. lowered its position in shares of Chunghwa Telecom Co., Ltd. (NYSE:CHT) by 2.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,972,894 shares of the utilities provider’s stock after selling 50,729 shares during the quarter. Vanguard Group Inc. owned about 0.25% of Chunghwa Telecom worth $82,289,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of CHT. Smartleaf Asset Management LLC bought a new stake in Chunghwa Telecom during the second quarter valued at $53,000. Westside Investment Management Inc. boosted its position in Chunghwa Telecom by 100.0% during the third quarter. Westside Investment Management Inc. now owns 1,438 shares of the utilities provider’s stock valued at $63,000 after acquiring an additional 719 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Chunghwa Telecom by 1,047.1% during the 3rd 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. SG Americas Securities LLC bought a new position in shares of Chunghwa Telecom during the 4th quarter worth about $130,000. Finally, Focus Partners Wealth bought a new position in shares of Chunghwa Telecom during the 3rd quarter worth about $143,000. Institutional investors own 2.11% of the company’s stock.

Chunghwa Telecom Price Performance

CHT stock opened at $43.46 on Thursday. The stock has a market capitalization of $33.71 billion, a PE ratio of 26.50, a price-to-earnings-growth ratio of 5.91 and a beta of 0.29. The company’s 50-day moving average is $42.88 and its 200-day moving average is $42.38. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.64 and a quick ratio of 1.29. Chunghwa Telecom Co., Ltd. has a 1 year low of $39.28 and a 1 year high of $47.03.

Chunghwa Telecom (NYSE:CHT) last released its quarterly earnings data on Tuesday, March 31st. The utilities provider reported $0.41 earnings per share (EPS) for the quarter. The company had revenue of $1.88 billion for the quarter. Chunghwa Telecom had a net margin of 16.23% and a return on equity of 9.90%. Equities research analysts expect that Chunghwa Telecom Co., Ltd. will post 1.56 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Chunghwa Telecom in a research report on Monday, April 20th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.

About Chunghwa Telecom

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.