Chunghwa Telecom Co., Ltd. $CHT Shares Purchased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP grew its stake in shares of Chunghwa Telecom Co., Ltd. (NYSE:CHT) by 6.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 548,080 shares of the utilities provider’s stock after acquiring an additional 31,280 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Chunghwa Telecom were worth $23,145,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Smartleaf Asset Management LLC purchased a new position in shares of Chunghwa Telecom in the 2nd quarter worth about $53,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of Chunghwa Telecom in the 4th quarter valued at $59,000. Inspire Investing LLC purchased a new position in Chunghwa Telecom in the fourth quarter valued at about $75,000. SG Americas Securities LLC purchased a new stake in shares of Chunghwa Telecom during the 4th quarter valued at about $130,000. Finally, Focus Partners Wealth purchased a new stake in shares of Chunghwa Telecom during the third quarter valued at approximately $143,000. 2.11% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Chunghwa Telecom Stock Up 0.5%

Shares of NYSE:CHT opened at $42.23 on Friday. The firm has a market cap of $32.76 billion, a PE ratio of 25.60, a price-to-earnings-growth ratio of 1.90 and a beta of 0.29. The company has a fifty day simple moving average of $43.83 and a 200 day simple moving average of $43.21. 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 Co., Ltd. has a 12-month low of $39.28 and a 12-month high of $46.48.

Chunghwa Telecom (NYSE:CHT) last posted its quarterly earnings data on Tuesday, June 30th. The utilities provider reported $0.43 EPS for the quarter. The firm had revenue of $1.93 billion for the quarter. Chunghwa Telecom had a net margin of 16.11% and a return on equity of 9.84%. On average, equities research analysts anticipate that Chunghwa Telecom Co., Ltd. will post 1.53 EPS for the current fiscal year.

Chunghwa Telecom Cuts Dividend

The business also recently announced an annual dividend, which will be paid on Friday, August 14th. Stockholders of record on Thursday, July 9th will be paid a $1.6525 dividend. This represents a dividend yield of 398.0%. The ex-dividend date is Thursday, July 9th. Chunghwa Telecom’s dividend payout ratio is 78.66%.

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.