Hsbc Holdings PLC Purchases Shares of 18,478 Chunghwa Telecom Co., Ltd. $CHT

Hsbc Holdings PLC acquired a new stake in Chunghwa Telecom Co., Ltd. (NYSE:CHT) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 18,478 shares of the utilities provider’s stock, valued at approximately $769,000.

A number of other hedge funds have also recently made changes to their positions in the business. AQR Capital Management LLC bought a new stake in Chunghwa Telecom during the 1st quarter valued at approximately $298,000. Marshall Wace LLP boosted its stake in Chunghwa Telecom by 14.2% in the 2nd quarter. Marshall Wace LLP now owns 43,434 shares of the utilities provider’s stock worth $2,024,000 after purchasing an additional 5,400 shares during the period. Sei Investments Co. boosted its stake in Chunghwa Telecom by 21.3% in the 2nd quarter. Sei Investments Co. now owns 61,030 shares of the utilities provider’s stock worth $2,844,000 after purchasing an additional 10,723 shares during the period. Quantinno Capital Management LP grew its holdings in Chunghwa Telecom by 142.6% during the 2nd quarter. Quantinno Capital Management LP now owns 129,440 shares of the utilities provider’s stock valued at $6,033,000 after buying an additional 76,087 shares in the last quarter. Finally, Bank of America Corp DE grew its holdings in Chunghwa Telecom by 9.6% during the 2nd quarter. Bank of America Corp DE now owns 310,705 shares of the utilities provider’s stock valued at $14,482,000 after buying an additional 27,177 shares in the last quarter. Institutional investors own 2.11% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on CHT. Zacks Research raised shares of Chunghwa Telecom to a “hold” rating in a report on Tuesday, June 23rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Chunghwa Telecom in a research note on Monday, April 20th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company has an average rating of “Hold”.

Chunghwa Telecom Price Performance

NYSE:CHT opened at $41.49 on Wednesday. The company has a current ratio of 1.64, a quick ratio of 1.46 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $32.19 billion, a P/E ratio of 25.30, a P/E/G ratio of 1.83 and a beta of 0.29. Chunghwa Telecom Co., Ltd. has a 12 month low of $39.28 and a 12 month high of $46.48. The business’s 50-day moving average is $44.19 and its 200 day moving average is $43.12.

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

Chunghwa Telecom Cuts Dividend

The company also recently announced 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. This represents a dividend yield of 398.0%. The ex-dividend date is Thursday, July 9th. Chunghwa Telecom’s dividend payout ratio is currently 78.05%.

Chunghwa Telecom 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.