Yorktown Management & Research Co Inc Maintains Position in Chunghwa Telecom Co., Ltd. (CHT)

Yorktown Management & Research Co Inc held its stake in Chunghwa Telecom Co., Ltd. (NYSE:CHT) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 8,500 shares of the utilities provider’s stock at the close of the second quarter. Yorktown Management & Research Co Inc’s holdings in Chunghwa Telecom Co. were worth $299,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in CHT. Sei Investments Co. increased its stake in shares of Chunghwa Telecom Co. by 65.8% during the second quarter. Sei Investments Co. now owns 3,188 shares of the utilities provider’s stock valued at $112,000 after purchasing an additional 1,265 shares in the last quarter. BNP Paribas Arbitrage SA increased its stake in shares of Chunghwa Telecom Co. by 44.2% during the first quarter. BNP Paribas Arbitrage SA now owns 5,383 shares of the utilities provider’s stock valued at $183,000 after purchasing an additional 1,651 shares in the last quarter. Trexquant Investment LP bought a new position in shares of Chunghwa Telecom Co. during the second quarter valued at approximately $270,000. Dynamic Technology Lab Private Ltd increased its stake in shares of Chunghwa Telecom Co. by 13.8% during the first quarter. Dynamic Technology Lab Private Ltd now owns 8,045 shares of the utilities provider’s stock valued at $273,000 after purchasing an additional 976 shares in the last quarter. Finally, Parallel Advisors LLC increased its stake in shares of Chunghwa Telecom Co. by 3.5% during the second quarter. Parallel Advisors LLC now owns 8,929 shares of the utilities provider’s stock valued at $302,000 after purchasing an additional 303 shares in the last quarter. 3.24% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have weighed in on CHT shares. BidaskClub downgraded shares of Chunghwa Telecom Co. from a “buy” rating to a “hold” rating in a research note on Wednesday, June 14th. Zacks Investment Research raised shares of Chunghwa Telecom Co. from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a research note on Monday, May 29th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $40.00.

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Shares of Chunghwa Telecom Co., Ltd. (NYSE CHT) traded up 0.61% during midday trading on Friday, hitting $34.66. 230,082 shares of the company traded hands. The company has a 50-day moving average price of $34.16 and a 200-day moving average price of $34.55. The stock has a market capitalization of $26.89 billion, a P/E ratio of 21.53 and a beta of 0.32. Chunghwa Telecom Co., Ltd. has a 52 week low of $31.28 and a 52 week high of $36.37.

Chunghwa Telecom Co. (NYSE:CHT) last issued its quarterly earnings results on Thursday, July 27th. The utilities provider reported $0.45 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.04. Chunghwa Telecom Co. had a net margin of 16.49% and a return on equity of 10.26%. The business had revenue of $1.84 billion for the quarter. Analysts anticipate that Chunghwa Telecom Co., Ltd. will post $1.66 earnings per share for the current fiscal year.

The business also recently declared an annual dividend, which was paid on Friday, September 1st. Shareholders of record on Friday, July 21st were paid a dividend of $1.6294 per share. This is a positive change from Chunghwa Telecom Co.’s previous annual dividend of $1.33. The ex-dividend date was Wednesday, July 19th. This represents a yield of 4.57%. Chunghwa Telecom Co.’s dividend payout ratio is presently 83.23%.

Chunghwa Telecom Co. Company Profile

Chunghwa Telecom Co, Ltd. provides telecommunication services. The Company’s segments include Domestic fixed communications business, which is engaged in the provision of local telephone services, domestic long distance telephone services, broadband access and related services; Mobile communications business, which is engaged in the provision of mobile services, sales of mobile handsets and data cards, and related services; Internet business, which is engaged in the provision of HiNet services and related services; International fixed communications business, which includes international long distance telephone services, international leased line services, international data services, satellite services, and information and communication technology (ICT) and other international services, and Others, which is engaged in the provision of non-telecom services.

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Institutional Ownership by Quarter for Chunghwa Telecom Co. (NYSE:CHT)

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