Chunghwa Telecom (NYSE:CHT) Shares Down 4.5% – Should You Sell?

Shares of Chunghwa Telecom Co., Ltd. (NYSE:CHT) dropped 4.5% during mid-day trading on Thursday . The company traded as low as $41.55 and last traded at $41.5950. 4,135 shares changed hands during mid-day trading, a decline of 98% from the average session volume of 178,660 shares. The stock had previously closed at $43.54.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Zacks Research upgraded Chunghwa Telecom to a “hold” rating in a research report on Tuesday, June 23rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Chunghwa Telecom in a research report on Monday, April 20th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold”.

Chunghwa Telecom Stock Down 4.7%

The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.46 and a current ratio of 1.64. The company has a market cap of $32.20 billion, a P/E ratio of 25.31, a P/E/G ratio of 1.93 and a beta of 0.29. The stock has a 50 day moving average price of $44.33 and a 200 day moving average price of $43.12.

Chunghwa Telecom (NYSE:CHT) last announced its earnings results on Tuesday, March 31st. The utilities provider reported $0.41 earnings per share for the quarter. The business had revenue of $1.88 billion during the quarter. Chunghwa Telecom had a return on equity of 9.90% and a net margin of 16.23%. Research analysts expect that Chunghwa Telecom Co., Ltd. will post 1.57 earnings per share for the current fiscal year.

Chunghwa Telecom Cuts Dividend

The firm also recently disclosed an annual dividend, which will be paid on Friday, August 14th. Stockholders of record on Thursday, July 9th will be given a dividend of $1.6525 per share. The ex-dividend date is Thursday, July 9th. This represents a dividend yield of 398.0%. Chunghwa Telecom’s dividend payout ratio (DPR) is 79.27%.

Institutional Trading of Chunghwa Telecom

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Smartleaf Asset Management LLC acquired a new stake in Chunghwa Telecom during the second quarter valued at approximately $53,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in Chunghwa Telecom in the fourth quarter worth approximately $59,000. Inspire Investing LLC bought a new position in shares of Chunghwa Telecom in the fourth quarter valued at $75,000. SG Americas Securities LLC acquired a new stake in shares of Chunghwa Telecom during the 4th quarter valued at $130,000. Finally, Focus Partners Wealth acquired a new stake in shares of Chunghwa Telecom during the 3rd quarter valued at $143,000. 2.11% of the stock is currently owned by institutional investors.

Chunghwa Telecom Company 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.