Allianz SE Buys New Shares in Chunghwa Telecom Co., Ltd. (NYSE:CHT)

Allianz SE purchased a new stake in Chunghwa Telecom Co., Ltd. (NYSE:CHT) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 31,198 shares of the utilities provider’s stock, valued at approximately $1,175,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Thrivent Financial for Lutherans boosted its holdings in shares of Chunghwa Telecom by 39.7% during the 3rd quarter. Thrivent Financial for Lutherans now owns 21,554 shares of the utilities provider’s stock worth $855,000 after buying an additional 6,120 shares during the period. Cerity Partners LLC lifted its holdings in Chunghwa Telecom by 30.0% during 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 last quarter. Townsquare Capital LLC boosted its stake in Chunghwa Telecom by 72.1% in the 3rd quarter. Townsquare Capital LLC now owns 10,830 shares of the utilities provider’s stock valued at $430,000 after purchasing an additional 4,537 shares during the period. Public Employees Retirement System of Ohio acquired a new position in Chunghwa Telecom in the 3rd quarter valued at $4,095,000. Finally, Barclays PLC bought a new position in Chunghwa Telecom during the 3rd quarter worth $397,000. Institutional investors own 2.11% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Chunghwa Telecom Stock Down 0.5 %

Shares of CHT opened at $39.25 on Monday. The company has a current ratio of 1.47, a quick ratio of 1.29 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $30.45 billion, a PE ratio of 26.34, a P/E/G ratio of 21.42 and a beta of 0.19. The firm’s 50 day moving average is $38.84 and its 200-day moving average is $38.41. Chunghwa Telecom Co., Ltd. has a 12 month low of $35.92 and a 12 month high of $40.62.

Chunghwa Telecom (NYSE:CHT) last announced its quarterly earnings data on Thursday, January 23rd. The utilities provider reported $0.36 earnings per share for the quarter. Chunghwa Telecom had a return on equity of 9.53% and a net margin of 16.18%. Equities research analysts forecast 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.