World Asset Management Inc cut its position in shares of Chunghwa Telecom Co., Ltd. (NYSE:CHT) by 5.4% during the second quarter, according to its most recent filing with the SEC. The firm owned 45,687 shares of the utilities provider’s stock after selling 2,633 shares during the period. World Asset Management Inc’s holdings in Chunghwa Telecom Co. were worth $1,609,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Chunghwa Telecom Co. by 3.2% in the first quarter. Vanguard Group Inc. now owns 4,464,764 shares of the utilities provider’s stock worth $151,712,000 after buying an additional 138,874 shares during the last quarter. Karp Capital Management Corp purchased a new stake in shares of Chunghwa Telecom Co. during the first quarter worth about $36,485,000. Dimensional Fund Advisors LP boosted its stake in shares of Chunghwa Telecom Co. by 0.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 870,898 shares of the utilities provider’s stock worth $27,479,000 after buying an additional 7,617 shares during the last quarter. Parametric Portfolio Associates LLC boosted its stake in shares of Chunghwa Telecom Co. by 58.8% in the first quarter. Parametric Portfolio Associates LLC now owns 536,830 shares of the utilities provider’s stock worth $18,241,000 after buying an additional 198,762 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its stake in shares of Chunghwa Telecom Co. by 17.1% in the first quarter. Schwab Charles Investment Management Inc. now owns 300,381 shares of the utilities provider’s stock worth $10,207,000 after buying an additional 43,788 shares during the last quarter. 3.57% of the stock is currently owned by institutional investors.

Chunghwa Telecom Co., Ltd. (CHT) traded up 0.63% on Friday, reaching $33.67. 145,885 shares of the company’s stock traded hands. The stock has a market cap of $26.12 billion, a price-to-earnings ratio of 20.66 and a beta of 0.33. Chunghwa Telecom Co., Ltd. has a 52-week low of $31.28 and a 52-week high of $36.93. The company’s 50 day moving average is $34.83 and its 200-day moving average is $34.20.

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

The business also recently declared an annual dividend, which will be paid on Friday, September 1st. Shareholders of record on Friday, July 21st will be paid a $1.6294 dividend. This represents a yield of 4.57%. The ex-dividend date of this dividend is Wednesday, July 19th. This is a boost from Chunghwa Telecom Co.’s previous annual dividend of $1.33. Chunghwa Telecom Co.’s payout ratio is currently 82.58%.

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

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

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