R Squared Ltd Acquires 27,200 Shares of Chunghwa Telecom Co., Ltd. $CHT

R Squared Ltd grew its holdings in shares of Chunghwa Telecom Co., Ltd. (NYSE:CHT) by 97.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 55,164 shares of the utilities provider’s stock after buying an additional 27,200 shares during the quarter. Chunghwa Telecom accounts for about 1.3% of R Squared Ltd’s holdings, making the stock its 7th biggest position. R Squared Ltd’s holdings in Chunghwa Telecom were worth $2,330,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. B. Metzler seel. Sohn & Co. AG acquired a new stake in shares of Chunghwa Telecom in the 4th quarter worth about $6,554,000. Goldman Sachs Group Inc. boosted its stake in Chunghwa Telecom by 67.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 368,306 shares of the utilities provider’s stock valued at $15,362,000 after purchasing an additional 148,378 shares during the last quarter. First Trust Advisors LP boosted its stake in Chunghwa Telecom by 342.2% during the 3rd quarter. First Trust Advisors LP now owns 98,929 shares of the utilities provider’s stock valued at $4,315,000 after purchasing an additional 76,558 shares during the last quarter. Quantinno Capital Management LP increased its holdings in Chunghwa Telecom by 142.6% during the 2nd 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 in the last quarter. Finally, Creative Planning increased its holdings in Chunghwa Telecom by 20.0% during the 3rd quarter. Creative Planning now owns 380,892 shares of the utilities provider’s stock worth $16,615,000 after purchasing an additional 63,523 shares in the last quarter. 2.11% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on CHT. Zacks Research upgraded Chunghwa Telecom to a “hold” rating in a report on Tuesday, June 23rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Chunghwa Telecom in a report on Monday, April 20th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, Chunghwa Telecom has a consensus rating of “Hold”.

Chunghwa Telecom Stock Down 0.1%

Shares of CHT stock traded down $0.04 on Tuesday, hitting $44.07. The stock had a trading volume of 39,624 shares, compared to its average volume of 179,402. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.64 and a quick ratio of 1.46. The business has a 50 day moving average of $44.30 and a 200 day moving average of $43.05. Chunghwa Telecom Co., Ltd. has a 12-month low of $39.28 and a 12-month high of $46.48. The stock has a market cap of $34.18 billion, a price-to-earnings ratio of 26.83, a price-to-earnings-growth ratio of 1.94 and a beta of 0.29.

Chunghwa Telecom (NYSE:CHT) last released its quarterly earnings results on Tuesday, March 31st. The utilities provider reported $0.41 earnings per share for the quarter. Chunghwa Telecom had a net margin of 16.23% and a return on equity of 9.90%. The business had revenue of $1.88 billion for the quarter. As a group, analysts expect that Chunghwa Telecom Co., Ltd. will post 1.57 EPS for the current year.

Chunghwa Telecom Cuts Dividend

The company also recently announced an annual dividend, which will be paid on Friday, August 14th. Shareholders of record on Thursday, July 9th will be given a dividend of $1.6525 per share. The ex-dividend date of this dividend is Thursday, July 9th. This represents a dividend yield of 370.0%. Chunghwa Telecom’s dividend payout ratio (DPR) is currently 79.27%.

Chunghwa Telecom 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.