81,893 Shares in Chunghwa Telecom Co., Ltd. $CHT Purchased by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio acquired a new position in Chunghwa Telecom Co., Ltd. (NYSE:CHT) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 81,893 shares of the utilities provider’s stock, valued at approximately $3,625,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in CHT. Bessemer Group Inc. grew its position in shares of Chunghwa Telecom by 2.9% during the 1st quarter. Bessemer Group Inc. now owns 11,803 shares of the utilities provider’s stock worth $499,000 after purchasing an additional 333 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Chunghwa Telecom by 7.7% in the fourth quarter. Geode Capital Management LLC now owns 5,099 shares of the utilities provider’s stock valued at $213,000 after buying an additional 365 shares during the period. Bridgewater Advisors Inc. boosted its stake in shares of Chunghwa Telecom by 4.3% in the first quarter. Bridgewater Advisors Inc. now owns 10,081 shares of the utilities provider’s stock valued at $439,000 after buying an additional 416 shares during the period. Laird Norton Wetherby Wealth Management LLC grew its position in Chunghwa Telecom by 1.3% during the third quarter. Laird Norton Wetherby Wealth Management LLC now owns 32,076 shares of the utilities provider’s stock worth $1,399,000 after buying an additional 425 shares in the last quarter. Finally, Natixis Advisors LLC grew its position in Chunghwa Telecom by 1.4% during the third quarter. Natixis Advisors LLC now owns 39,646 shares of the utilities provider’s stock worth $1,729,000 after buying an additional 548 shares in the last quarter. Institutional investors and hedge funds own 2.11% of the company’s stock.

Chunghwa Telecom Stock Performance

NYSE CHT opened at $43.84 on Friday. The company has a current ratio of 1.22, a quick ratio of 1.07 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $34.01 billion, a price-to-earnings ratio of 26.57, a P/E/G ratio of 1.97 and a beta of 0.29. The firm’s 50 day simple moving average is $42.90 and its 200 day simple moving average is $43.30. Chunghwa Telecom Co., Ltd. has a 1 year low of $39.28 and a 1 year high of $46.48.

Chunghwa Telecom (NYSE:CHT) last announced its quarterly earnings data on Tuesday, June 30th. The utilities provider reported $0.43 EPS for the quarter. Chunghwa Telecom had a net margin of 16.11% and a return on equity of 10.00%. The business had revenue of $1.93 billion during the quarter. As a group, research analysts expect that Chunghwa Telecom Co., Ltd. will post 1.53 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have weighed in on CHT. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Chunghwa Telecom in a report on Friday, July 17th. Zacks Research cut Chunghwa Telecom from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 22nd. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Reduce”.

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.