BidaskClub cut shares of Chunghwa Telecom Co., Ltd. (NYSE:CHT) from a hold rating to a sell rating in a report issued on Thursday morning.

A number of other brokerages also recently commented on CHT. UBS AG downgraded Chunghwa Telecom Co. from a buy rating to a sell rating in a research report on Friday, May 12th. Zacks Investment Research raised Chunghwa Telecom Co. from a hold rating to a buy rating and set a $40.00 price objective for the company in a research report on Monday, May 29th. Three investment analysts have rated the stock with a sell rating and one has issued a buy rating to the stock. Chunghwa Telecom Co. has an average rating of Hold and a consensus price target of $40.00.

Chunghwa Telecom Co. (NYSE:CHT) last released its quarterly earnings results on Thursday, July 27th. The utilities provider reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.04. The company had revenue of $1.84 billion during the quarter. Chunghwa Telecom Co. had a return on equity of 10.25% and a net margin of 16.49%.

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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 given a $1.6294 dividend. The ex-dividend date of this dividend is Wednesday, July 19th. This represents a dividend yield of 4.57%. This is an increase from Chunghwa Telecom Co.’s previous annual dividend of $1.33. Chunghwa Telecom Co.’s payout ratio is currently 82.58%.

Several large investors have recently made changes to their positions in the stock. Karp Capital Management Corp acquired a new stake in shares of Chunghwa Telecom Co. during the first quarter worth approximately $36,485,000. World Asset Management Inc increased its stake in shares of Chunghwa Telecom Co. by 1.5% in the first quarter. World Asset Management Inc now owns 48,320 shares of the utilities provider’s stock worth $1,642,000 after buying an additional 710 shares in the last quarter. Comerica Bank increased its stake in shares of Chunghwa Telecom Co. by 1.3% in the first quarter. Comerica Bank now owns 44,948 shares of the utilities provider’s stock worth $1,523,000 after buying an additional 577 shares in the last quarter. BNP Paribas Arbitrage SA increased its stake 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 in the last quarter. Finally, First Trust Advisors LP increased its stake in shares of Chunghwa Telecom Co. by 4.8% in the first quarter. First Trust Advisors LP now owns 149,291 shares of the utilities provider’s stock worth $5,073,000 after buying an additional 6,886 shares in the last quarter. 3.60% of the stock is owned by institutional investors and hedge funds.

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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