First Affirmative Financial Network Grows Stake in Chunghwa Telecom Co., Ltd. (NYSE:CHT)

First Affirmative Financial Network raised its stake in Chunghwa Telecom Co., Ltd. (NYSE:CHT) by 3.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 32,108 shares of the utilities provider’s stock after acquiring an additional 952 shares during the quarter. Chunghwa Telecom makes up 0.8% of First Affirmative Financial Network’s holdings, making the stock its 23rd biggest position. First Affirmative Financial Network’s holdings in Chunghwa Telecom were worth $1,259,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CHT. Northern Trust Corp boosted its stake in Chunghwa Telecom by 420.8% in the fourth quarter. Northern Trust Corp now owns 676,302 shares of the utilities provider’s stock valued at $25,463,000 after acquiring an additional 546,436 shares during the last quarter. GAMMA Investing LLC boosted its stake in Chunghwa Telecom by 6,440.5% in the first quarter. GAMMA Investing LLC now owns 201,775 shares of the utilities provider’s stock valued at $7,912,000 after acquiring an additional 198,690 shares during the last quarter. Mondrian Investment Partners LTD boosted its stake in Chunghwa Telecom by 101.4% in the fourth quarter. Mondrian Investment Partners LTD now owns 236,641 shares of the utilities provider’s stock valued at $9,191,000 after acquiring an additional 119,143 shares during the last quarter. Vident Advisory LLC boosted its stake in Chunghwa Telecom by 80.9% in the fourth quarter. Vident Advisory LLC now owns 138,978 shares of the utilities provider’s stock valued at $5,233,000 after acquiring an additional 62,147 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake in Chunghwa Telecom by 6.0% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 970,763 shares of the utilities provider’s stock valued at $36,549,000 after acquiring an additional 54,910 shares during the last quarter. 2.11% of the stock is currently owned by hedge funds and other institutional investors.

Chunghwa Telecom Stock Performance

Shares of CHT stock opened at $43.73 on Friday. The stock has a market capitalization of $33.93 billion, a P/E ratio of 29.35, a PEG ratio of 21.42 and a beta of 0.23. 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 firm’s 50 day moving average is $41.56 and its 200 day moving average is $39.50. Chunghwa Telecom Co., Ltd. has a 12 month low of $35.92 and a 12 month high of $44.44.

Chunghwa Telecom (NYSE:CHT) last announced its quarterly earnings results on Thursday, May 8th. The utilities provider reported $0.38 EPS for the quarter, meeting analysts’ consensus estimates of $0.38. The company had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $56.11 billion. Chunghwa Telecom had a net margin of 16.18% and a return on equity of 9.53%. On average, sell-side analysts anticipate that Chunghwa Telecom Co., Ltd. will post 1.44 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut shares of Chunghwa Telecom from a “buy” rating to a “hold” rating in a research note on Monday, April 14th.

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.