Cerity Partners LLC Has $2.19 Million Stake in Chunghwa Telecom Co., Ltd. (NYSE:CHT)

Cerity Partners LLC decreased its stake in Chunghwa Telecom Co., Ltd. (NYSE:CHT) by 2.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,160 shares of the utilities provider’s stock after selling 1,309 shares during the quarter. Cerity Partners LLC’s holdings in Chunghwa Telecom were worth $2,194,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Sequoia Financial Advisors LLC boosted its stake in Chunghwa Telecom by 16.9% in the fourth quarter. Sequoia Financial Advisors LLC now owns 19,675 shares of the utilities provider’s stock worth $769,000 after purchasing an additional 2,847 shares in the last quarter. Ieq Capital LLC acquired a new position in Chunghwa Telecom in the third quarter worth $209,000. Mondrian Investment Partners LTD acquired a new position in Chunghwa Telecom in the third quarter worth $4,223,000. Advisor Partners II LLC boosted its stake in Chunghwa Telecom by 45.4% in the third quarter. Advisor Partners II LLC now owns 49,882 shares of the utilities provider’s stock worth $1,793,000 after purchasing an additional 15,575 shares in the last quarter. Finally, Blue Trust Inc. boosted its stake in Chunghwa Telecom by 17.4% in the fourth quarter. Blue Trust Inc. now owns 11,858 shares of the utilities provider’s stock worth $427,000 after purchasing an additional 1,758 shares in the last quarter. Institutional investors and hedge funds own 2.11% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com lowered Chunghwa Telecom from a “buy” rating to a “hold” rating in a research note on Thursday, February 22nd.

Chunghwa Telecom Trading Down 0.8 %

CHT stock opened at $37.85 on Friday. The company has a market cap of $29.36 billion, a P/E ratio of 24.74 and a beta of 0.17. Chunghwa Telecom Co., Ltd. has a twelve month low of $35.44 and a twelve month high of $41.58. The company has a quick ratio of 1.23, a current ratio of 1.33 and a debt-to-equity ratio of 0.08. The business has a fifty day moving average of $38.61 and a 200-day moving average of $37.81.

Chunghwa Telecom (NYSE:CHT) last released its earnings results on Tuesday, January 30th. The utilities provider reported $0.33 earnings per share for the quarter. The company had revenue of $1.94 billion during the quarter. Chunghwa Telecom had a return on equity of 9.49% and a net margin of 16.57%. As a group, equities research analysts expect that Chunghwa Telecom Co., Ltd. will post 1.5 EPS for the current year.

Chunghwa Telecom Company Profile

Chunghwa Telecom Co, Ltd., together with its subsidiaries, provides telecommunication services in Taiwan and internationally. It operates through Consumer Business, Enterprise Business, International Business, and Others segments. The company offers local, domestic long distance, and international long distance fixed-line telephone services; mobile services such as prepaid and postpaid plans; broadband plans; and internet and data services.