Mizuho Securities Co. Ltd. Has $550,000 Stock Position in Chunghwa Telecom Co., Ltd. (NYSE:CHT)

Mizuho Securities Co. Ltd. raised its stake in shares of Chunghwa Telecom Co., Ltd. (NYSE:CHT) by 163.8% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 14,493 shares of the utilities provider’s stock after acquiring an additional 9,000 shares during the period. Chunghwa Telecom makes up approximately 8.3% of Mizuho Securities Co. Ltd.’s holdings, making the stock its 2nd biggest position. Mizuho Securities Co. Ltd.’s holdings in Chunghwa Telecom were worth $550,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Natixis Advisors LLC raised its holdings in shares of Chunghwa Telecom by 17.1% during the third quarter. Natixis Advisors LLC now owns 35,416 shares of the utilities provider’s stock valued at $1,405,000 after purchasing an additional 5,184 shares during the last quarter. Thrivent Financial for Lutherans grew its position in Chunghwa Telecom by 39.7% in the 3rd quarter. Thrivent Financial for Lutherans now owns 21,554 shares of the utilities provider’s stock worth $855,000 after purchasing an additional 6,120 shares during the period. Cerity Partners LLC grew its position in Chunghwa Telecom by 30.0% in the 3rd quarter. Cerity Partners LLC now owns 20,794 shares of the utilities provider’s stock worth $825,000 after purchasing an additional 4,801 shares during the period. Townsquare Capital LLC raised its stake in Chunghwa Telecom by 72.1% during the 3rd quarter. Townsquare Capital LLC now owns 10,830 shares of the utilities provider’s stock valued at $430,000 after buying an additional 4,537 shares during the last quarter. Finally, Public Employees Retirement System of Ohio bought a new position in shares of Chunghwa Telecom during the 3rd quarter valued at $4,095,000. Hedge funds and other institutional investors own 2.11% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Chunghwa Telecom from a “hold” rating to a “buy” rating in a research report on Monday, March 17th.

Chunghwa Telecom Price Performance

Shares of NYSE:CHT opened at $39.09 on Wednesday. The company has a quick ratio of 1.29, a current ratio of 1.47 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $30.32 billion, a PE ratio of 26.23, a price-to-earnings-growth ratio of 21.42 and a beta of 0.19. The firm’s 50 day moving average price is $38.74 and its 200-day moving average price is $38.41. Chunghwa Telecom Co., Ltd. has a twelve month low of $35.92 and a twelve month high of $40.62.

Chunghwa Telecom (NYSE:CHT) last released its quarterly earnings results on Thursday, January 23rd. The utilities provider reported $0.36 earnings per share for the quarter. Chunghwa Telecom had a net margin of 16.18% and a return on equity of 9.53%. Equities research analysts expect that Chunghwa Telecom Co., Ltd. will post 1.44 EPS for the current year.

About Chunghwa Telecom

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.