Tuttle Capital Management LLC Takes $508,000 Position in Chunghwa Telecom Co., Ltd. $CHT

Tuttle Capital Management LLC acquired a new position in shares of Chunghwa Telecom Co., Ltd. (NYSE:CHT) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 12,184 shares of the utilities provider’s stock, valued at approximately $508,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Schroder Investment Management Group lifted its stake in Chunghwa Telecom by 2.7% in the 2nd quarter. Schroder Investment Management Group now owns 675,278 shares of the utilities provider’s stock valued at $31,475,000 after purchasing an additional 17,729 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Chunghwa Telecom by 5.2% during the third quarter. Dimensional Fund Advisors LP now owns 476,602 shares of the utilities provider’s stock worth $20,790,000 after buying an additional 23,620 shares during the last quarter. Creative Planning increased its position in Chunghwa Telecom by 20.0% during the third quarter. Creative Planning now owns 380,892 shares of the utilities provider’s stock worth $16,615,000 after buying an additional 63,523 shares during the last quarter. American Century Companies Inc. raised its stake in Chunghwa Telecom by 12.7% in the third quarter. American Century Companies Inc. now owns 371,284 shares of the utilities provider’s stock valued at $16,195,000 after buying an additional 41,823 shares during the period. Finally, Bank of America Corp DE raised its stake in Chunghwa Telecom by 9.2% in the third quarter. Bank of America Corp DE now owns 339,330 shares of the utilities provider’s stock valued at $14,802,000 after buying an additional 28,625 shares during the period. 2.11% of the stock is owned by institutional investors.

Chunghwa Telecom Trading Down 3.0%

Shares of NYSE:CHT opened at $41.79 on Friday. Chunghwa Telecom Co., Ltd. has a 12-month low of $37.03 and a 12-month high of $47.03. The business has a 50 day moving average of $42.61 and a 200-day moving average of $42.62. The company has a quick ratio of 1.32, a current ratio of 1.49 and a debt-to-equity ratio of 0.06. The stock has a market cap of $32.42 billion, a PE ratio of 25.95, a P/E/G ratio of 5.59 and a beta of 0.29.

Chunghwa Telecom (NYSE:CHT) last announced its earnings results on Thursday, February 26th. The utilities provider reported $0.38 earnings per share for the quarter. The company had revenue of $2.09 billion for the quarter. Chunghwa Telecom had a return on equity of 9.82% and a net margin of 16.37%. As a group, equities research analysts forecast that Chunghwa Telecom Co., Ltd. will post 1.44 earnings per share for the current year.

Analyst Upgrades and Downgrades

CHT has been the subject of several research analyst reports. Zacks Research upgraded Chunghwa Telecom to a “hold” rating in a research note on Monday, January 12th. Weiss Ratings reiterated a “hold (c)” rating on shares of Chunghwa Telecom in a report on Wednesday, January 21st. Two analysts have rated the stock with a Hold rating, According to MarketBeat, the stock has a consensus 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.