Chunghwa Telecom Co., Ltd. (NYSE:CHT) Position Decreased by Crow Point Partners LLC

Crow Point Partners LLC cut its position in shares of Chunghwa Telecom Co., Ltd. (NYSE:CHT) by 1.3% during the second quarter, Holdings Channel reports. The institutional investor owned 495,249 shares of the utilities provider’s stock after selling 6,653 shares during the period. Chunghwa Telecom Co. makes up 2.9% of Crow Point Partners LLC’s holdings, making the stock its 15th largest position. Crow Point Partners LLC’s holdings in Chunghwa Telecom Co. were worth $17,418,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of CHT. BNP Paribas Arbitrage SA raised its position in Chunghwa Telecom Co. by 44.2% in the first quarter. BNP Paribas Arbitrage SA now owns 5,383 shares of the utilities provider’s stock worth $183,000 after buying an additional 1,651 shares in the last quarter. Eqis Capital Management Inc. raised its position in Chunghwa Telecom Co. by 3.6% in the first quarter. Eqis Capital Management Inc. now owns 7,005 shares of the utilities provider’s stock worth $238,000 after buying an additional 246 shares in the last quarter. Greenleaf Trust bought a new position in Chunghwa Telecom Co. during the first quarter worth $252,000. Dynamic Technology Lab Private Ltd raised its position in Chunghwa Telecom Co. by 13.8% in the first quarter. Dynamic Technology Lab Private Ltd now owns 8,045 shares of the utilities provider’s stock worth $273,000 after buying an additional 976 shares in the last quarter. Finally, Tdam USA Inc. raised its position in Chunghwa Telecom Co. by 13.4% in the first quarter. Tdam USA Inc. now owns 8,461 shares of the utilities provider’s stock worth $288,000 after buying an additional 1,000 shares in the last quarter. Institutional investors own 3.60% of the company’s stock.

Shares of Chunghwa Telecom Co., Ltd. (NYSE CHT) traded down 0.55% during trading on Monday, hitting $36.09. The stock had a trading volume of 276,888 shares. Chunghwa Telecom Co., Ltd. has a 1-year low of $31.28 and a 1-year high of $38.47. The firm has a market capitalization of $28.00 billion, a P/E ratio of 22.14 and a beta of 0.33. The stock’s 50-day moving average price is $35.52 and its 200 day moving average price is $33.64.

Chunghwa Telecom Co. (NYSE:CHT) last posted its quarterly earnings data on Thursday, April 27th. The utilities provider reported $0.40 EPS for the quarter, missing the consensus estimate of $0.42 by $0.02. The company had revenue of $1.75 billion during the quarter. Chunghwa Telecom Co. had a return on equity of 10.38% and a net margin of 16.68%. On average, analysts anticipate that Chunghwa Telecom Co., Ltd. will post $1.66 earnings per share for the current year.

The business also recently disclosed an annual dividend, which will be paid on Friday, September 1st. Stockholders of record on Friday, July 21st will be paid a $1.6294 dividend. This represents a dividend yield of 4.57%. This is a positive change from Chunghwa Telecom Co.’s previous annual dividend of $1.33. The ex-dividend date of this dividend is Wednesday, July 19th. Chunghwa Telecom Co.’s dividend payout ratio is 88.31%.

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CHT has been the subject of a number of research analyst reports. UBS AG downgraded Chunghwa Telecom Co. from a “buy” rating to a “sell” rating in a research report on Friday, May 12th. BidaskClub downgraded Chunghwa Telecom Co. from a “buy” rating to a “hold” rating in a research report on Wednesday, June 14th. Finally, Zacks Investment Research raised Chunghwa Telecom Co. from a “sell” rating to a “hold” rating in a research report on Tuesday, March 28th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $40.00.

Chunghwa Telecom Co. Company Profile

Chunghwa Telecom Co, Ltd. provides telecommunication services. The Company’s segments include Domestic fixed communications business, which is engaged in the provision of local telephone services, domestic long distance telephone services, broadband access and related services; Mobile communications business, which is engaged in the provision of mobile services, sales of mobile handsets and data cards, and related services; Internet business, which is engaged in the provision of HiNet services and related services; International fixed communications business, which includes international long distance telephone services, international leased line services, international data services, satellite services, and information and communication technology (ICT) and other international services, and Others, which is engaged in the provision of non-telecom services.

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Institutional Ownership by Quarter for Chunghwa Telecom Co. (NYSE:CHT)

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