Crow Point Partners LLC Decreases Stake in Chunghwa Telecom Co., Ltd. (NYSE:CHT)

Crow Point Partners LLC reduced its position in Chunghwa Telecom Co., Ltd. (NYSE:CHT) by 1.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 495,249 shares of the utilities provider’s stock after selling 6,653 shares during the period. Chunghwa Telecom Co. comprises approximately 2.9% of Crow Point Partners LLC’s holdings, making the stock its 15th largest position. Crow Point Partners LLC owned about 0.06% of Chunghwa Telecom Co. worth $17,418,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the company. BNP Paribas Arbitrage SA increased its position in shares of 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 during the last quarter. Eqis Capital Management Inc. increased its position in shares of 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 during the last quarter. Greenleaf Trust bought a new position in shares of Chunghwa Telecom Co. during the first quarter worth approximately $252,000. Dynamic Technology Lab Private Ltd increased its position in shares of 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 during the last quarter. Finally, Tdam USA Inc. increased its position in shares of 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 during the last quarter. 3.57% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Chunghwa Telecom Co., Ltd. (NYSE CHT) opened at 33.67 on Friday. Chunghwa Telecom Co., Ltd. has a 52-week low of $31.28 and a 52-week high of $36.93. The firm has a 50-day moving average price of $34.83 and a 200-day moving average price of $34.20. The stock has a market cap of $26.05 billion, a P/E ratio of 20.91 and a beta of 0.33.

Chunghwa Telecom Co. (NYSE:CHT) last posted its quarterly earnings data on Thursday, July 27th. The utilities provider reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.04. Chunghwa Telecom Co. had a return on equity of 10.26% and a net margin of 16.49%. The business had revenue of $1.84 billion for the quarter. On average, analysts anticipate that Chunghwa Telecom Co., Ltd. will post $1.66 EPS for the current fiscal year.

The firm also recently disclosed an annual dividend, which will be paid on Friday, September 1st. Stockholders of record on Friday, July 21st will be issued a dividend of $1.6294 per share. This is a boost from Chunghwa Telecom Co.’s previous annual dividend of $1.33. The ex-dividend date is Wednesday, July 19th. This represents a dividend yield of 4.57%. Chunghwa Telecom Co.’s dividend payout ratio (DPR) is 82.58%.

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A number of equities analysts recently commented on CHT shares. Zacks Investment Research upgraded Chunghwa Telecom Co. from a “hold” rating to a “buy” rating and set a $40.00 price objective on the stock in a research report on Monday, May 29th. BidaskClub downgraded Chunghwa Telecom Co. from a “buy” rating to a “hold” rating in a research report on Wednesday, June 14th. Finally, UBS AG downgraded Chunghwa Telecom Co. from a “buy” rating to a “sell” rating in a research report on Friday, May 12th. Three equities research analysts have rated the stock with a sell rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $40.00.

About Chunghwa Telecom Co.

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.

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

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