Sequoia Financial Advisors LLC Grows Stake in Chunghwa Telecom Co., Ltd. $CHT

Sequoia Financial Advisors LLC increased its stake in shares of Chunghwa Telecom Co., Ltd. (NYSE:CHT) by 35.3% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 47,725 shares of the utilities provider’s stock after purchasing an additional 12,447 shares during the period. Sequoia Financial Advisors LLC’s holdings in Chunghwa Telecom were worth $2,016,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of CHT. Smartleaf Asset Management LLC purchased a new stake in Chunghwa Telecom during the 2nd quarter worth approximately $53,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of Chunghwa Telecom in the fourth quarter valued at approximately $59,000. Inspire Investing LLC acquired a new stake in shares of Chunghwa Telecom in the fourth quarter worth approximately $75,000. SG Americas Securities LLC acquired a new stake in shares of Chunghwa Telecom in the fourth quarter worth approximately $130,000. Finally, Focus Partners Wealth acquired a new position in Chunghwa Telecom in the 3rd quarter valued at $143,000. 2.11% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on CHT shares. Weiss Ratings restated a “hold (c)” rating on shares of Chunghwa Telecom in a research report on Monday, April 20th. Zacks Research upgraded shares of Chunghwa Telecom to a “hold” rating in a research note on Tuesday, June 23rd. Two analysts have rated the stock with a Hold rating, According to MarketBeat, the stock presently has a consensus rating of “Hold”.

Chunghwa Telecom Trading Up 0.4%

Shares of NYSE:CHT opened at $41.61 on Thursday. Chunghwa Telecom Co., Ltd. has a 52 week low of $39.28 and a 52 week high of $46.48. The company’s 50 day moving average is $44.15 and its two-hundred day moving average is $43.13. The company has a market cap of $32.28 billion, a PE ratio of 25.37, a P/E/G ratio of 1.83 and a beta of 0.29. The company has a current ratio of 1.64, a quick ratio of 1.46 and a debt-to-equity ratio of 0.06.

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 business had revenue of $1.88 billion during the quarter. Chunghwa Telecom had a net margin of 16.23% and a return on equity of 9.90%. Equities analysts predict that Chunghwa Telecom Co., Ltd. will post 1.57 earnings per share for the current fiscal year.

Chunghwa Telecom Cuts Dividend

The business also recently disclosed an annual dividend, which will be paid on Friday, August 14th. Shareholders of record on Thursday, July 9th will be issued a dividend of $1.6525 per share. The ex-dividend date of this dividend is Thursday, July 9th. This represents a yield of 398.0%. Chunghwa Telecom’s dividend payout ratio (DPR) is presently 78.66%.

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.