Crossmark Global Holdings Inc. Sells 13,389 Shares of Chunghwa Telecom Co., Ltd. $CHT

Crossmark Global Holdings Inc. lessened its stake in Chunghwa Telecom Co., Ltd. (NYSE:CHT) by 18.8% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 57,970 shares of the utilities provider’s stock after selling 13,389 shares during the period. Crossmark Global Holdings Inc.’s holdings in Chunghwa Telecom were worth $2,418,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Evergreen Capital Management LLC grew its position in shares of Chunghwa Telecom by 1.7% in the 3rd quarter. Evergreen Capital Management LLC now owns 14,822 shares of the utilities provider’s stock valued at $647,000 after buying an additional 245 shares during the last quarter. Compound Planning Inc. lifted its stake in shares of Chunghwa Telecom by 2.6% in the 3rd quarter. Compound Planning Inc. now owns 9,802 shares of the utilities provider’s stock valued at $428,000 after purchasing an additional 251 shares during the period. Farther Finance Advisors LLC lifted its stake in shares of Chunghwa Telecom by 65.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 866 shares of the utilities provider’s stock valued at $38,000 after purchasing an additional 344 shares during the period. Laird Norton Wetherby Wealth Management LLC lifted its stake in shares of Chunghwa Telecom by 1.3% in the 3rd quarter. Laird Norton Wetherby Wealth Management LLC now owns 32,076 shares of the utilities provider’s stock valued at $1,399,000 after purchasing an additional 425 shares during the period. Finally, Xponance Inc. lifted its stake in shares of Chunghwa Telecom by 8.5% in the 3rd quarter. Xponance Inc. now owns 6,403 shares of the utilities provider’s stock valued at $279,000 after purchasing an additional 504 shares during the period. Institutional investors own 2.11% of the company’s stock.

Chunghwa Telecom Stock Down 1.5%

CHT stock opened at $43.17 on Tuesday. The stock’s 50 day simple moving average is $42.89 and its 200 day simple moving average is $42.38. Chunghwa Telecom Co., Ltd. has a fifty-two week low of $39.28 and a fifty-two week high of $47.03. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.29 and a current ratio of 1.45. The company has a market cap of $33.49 billion, a P/E ratio of 26.32, a price-to-earnings-growth ratio of 5.98 and a beta of 0.29.

Chunghwa Telecom (NYSE:CHT) last posted 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 9.96% and a net margin of 16.23%.The business had revenue of $1.88 billion for the quarter. On average, research analysts expect that Chunghwa Telecom Co., Ltd. will post 1.56 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on CHT shares. Zacks Research raised Chunghwa Telecom to a “hold” rating in a research note on Monday, January 12th. Weiss Ratings reissued 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, Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Chunghwa Telecom Company 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.