Waldron Private Wealth LLC boosted its stake in Chunghwa Telecom Co., Ltd. (NYSE:CHT – Free Report) by 23.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,736 shares of the utilities provider’s stock after purchasing an additional 1,258 shares during the quarter. Waldron Private Wealth LLC’s holdings in Chunghwa Telecom were worth $254,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of the stock. Allworth Financial LP increased its holdings in shares of Chunghwa Telecom by 40.5% in the 3rd quarter. Allworth Financial LP now owns 919 shares of the utilities provider’s stock worth $36,000 after buying an additional 265 shares during the last quarter. GAMMA Investing LLC grew its holdings in Chunghwa Telecom by 71.4% during the 4th quarter. GAMMA Investing LLC now owns 3,085 shares of the utilities provider’s stock valued at $116,000 after purchasing an additional 1,285 shares during the last quarter. R Squared Ltd bought a new position in Chunghwa Telecom during the 4th quarter valued at about $127,000. BSW Wealth Partners bought a new position in Chunghwa Telecom during the 3rd quarter valued at about $208,000. Finally, Simon Quick Advisors LLC bought a new position in Chunghwa Telecom during the 4th quarter valued at about $208,000. Hedge funds and other institutional investors own 2.11% of the company’s stock.
Wall Street Analyst Weigh In
Separately, StockNews.com upgraded shares of Chunghwa Telecom from a “hold” rating to a “buy” rating in a research note on Friday, January 24th.
Chunghwa Telecom Price Performance
Shares of CHT stock opened at $38.85 on Monday. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.47 and a quick ratio of 1.29. The company has a market capitalization of $30.14 billion, a P/E ratio of 26.07, a P/E/G ratio of 21.48 and a beta of 0.20. The company’s 50-day simple moving average is $38.03 and its two-hundred day simple moving average is $38.11. Chunghwa Telecom Co., Ltd. has a one year low of $35.92 and a one year high of $40.62.
Chunghwa Telecom (NYSE:CHT – Get Free Report) last issued its earnings results on Thursday, January 23rd. The utilities provider reported $0.36 EPS for the quarter. Chunghwa Telecom had a net margin of 16.18% and a return on equity of 9.53%. As a group, equities analysts anticipate that Chunghwa Telecom Co., Ltd. will post 1.44 EPS for the current year.
Chunghwa Telecom Profile
Chunghwa Telecom Co, Ltd., together with its subsidiaries, provides telecommunication services in Taiwan and internationally. It operates through Consumer Business, Enterprise Business, International Business, and Others segments. The company offers local, domestic long distance, and international long distance fixed-line telephone services; mobile services such as prepaid and postpaid plans; broadband plans; and internet and data services.
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