Sei Investments Co. Acquires 13,856 Shares of Chunghwa Telecom Co., Ltd. $CHT

Sei Investments Co. raised its holdings in Chunghwa Telecom Co., Ltd. (NYSE:CHT) by 31.9% during the first quarter, Holdings Channel reports. The institutional investor owned 57,324 shares of the utilities provider’s stock after buying an additional 13,856 shares during the quarter. Sei Investments Co.’s holdings in Chunghwa Telecom were worth $2,421,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. B. Metzler seel. Sohn & Co. AG bought a new position in Chunghwa Telecom in the 4th quarter valued at about $6,554,000. Goldman Sachs Group Inc. increased its holdings in Chunghwa Telecom by 67.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 368,306 shares of the utilities provider’s stock worth $15,362,000 after purchasing an additional 148,378 shares in the last quarter. First Trust Advisors LP raised its stake in shares of Chunghwa Telecom by 342.2% in the third quarter. First Trust Advisors LP now owns 98,929 shares of the utilities provider’s stock worth $4,315,000 after purchasing an additional 76,558 shares during the last quarter. Quantinno Capital Management LP lifted its holdings in shares of Chunghwa Telecom by 142.6% in the second quarter. Quantinno Capital Management LP now owns 129,440 shares of the utilities provider’s stock valued at $6,033,000 after purchasing an additional 76,087 shares in the last quarter. Finally, Creative Planning lifted its holdings in shares of Chunghwa Telecom by 20.0% in the third quarter. Creative Planning now owns 380,892 shares of the utilities provider’s stock valued at $16,615,000 after purchasing an additional 63,523 shares in the last quarter. 2.11% of the stock is currently owned by institutional investors and hedge funds.

Chunghwa Telecom Stock Performance

Shares of CHT opened at $42.55 on Friday. The stock has a 50 day moving average of $43.80 and a 200 day moving average of $43.20. The company has a market capitalization of $33.01 billion, a price-to-earnings ratio of 25.79, a PEG ratio of 1.92 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 company has a current ratio of 1.64, a quick ratio of 1.46 and a debt-to-equity ratio of 0.06.

Chunghwa Telecom (NYSE:CHT) last posted its quarterly earnings data on Tuesday, June 30th. The utilities provider reported $0.43 earnings per share for the quarter. The business had revenue of $1.93 billion for the quarter. Chunghwa Telecom had a return on equity of 9.84% and a net margin of 16.11%. As a group, sell-side analysts forecast that Chunghwa Telecom Co., Ltd. will post 1.53 earnings per share for the current year.

Chunghwa Telecom Cuts Dividend

The business also recently declared an annual dividend, which will be paid on Friday, August 14th. Investors of record on Thursday, July 9th will be issued a $1.6525 dividend. This represents a dividend yield of 398.0%. The ex-dividend date of this dividend is Thursday, July 9th. Chunghwa Telecom’s payout ratio is 78.18%.

Wall Street Analyst Weigh In

CHT has been the subject of a number of analyst reports. Zacks Research lowered Chunghwa Telecom from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 22nd. Weiss Ratings reissued a “hold (c)” rating on shares of Chunghwa Telecom in a research report on Friday, July 17th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Chunghwa Telecom currently has a consensus rating of “Reduce”.

About Chunghwa Telecom

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.