Chunghwa Telecom Co., Ltd. $CHT Shares Sold by TD Asset Management Inc

TD Asset Management Inc lessened its stake in Chunghwa Telecom Co., Ltd. (NYSE:CHT) by 2.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 520,877 shares of the utilities provider’s stock after selling 12,300 shares during the quarter. TD Asset Management Inc owned 0.07% of Chunghwa Telecom worth $21,726,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of CHT. Mondrian Investment Partners LTD acquired a new position in shares of Chunghwa Telecom in the 3rd quarter valued at about $9,865,000. B. Metzler seel. Sohn & Co. AG acquired a new position in shares of Chunghwa Telecom in the 4th quarter valued at about $6,554,000. Goldman Sachs Group Inc. lifted its holdings in shares of Chunghwa Telecom by 67.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 368,306 shares of the utilities provider’s stock valued at $15,362,000 after buying an additional 148,378 shares during the period. First Trust Advisors LP lifted its holdings in shares of Chunghwa Telecom by 342.2% in the 3rd quarter. First Trust Advisors LP now owns 98,929 shares of the utilities provider’s stock valued at $4,315,000 after buying an additional 76,558 shares during the period. Finally, Quantinno Capital Management LP lifted its holdings in shares of Chunghwa Telecom by 142.6% in the 2nd quarter. Quantinno Capital Management LP now owns 129,440 shares of the utilities provider’s stock valued at $6,033,000 after buying an additional 76,087 shares during the period. Institutional investors and hedge funds own 2.11% of the company’s stock.

Chunghwa Telecom Price Performance

Shares of Chunghwa Telecom stock opened at $44.67 on Monday. The company has a quick ratio of 1.46, a current ratio of 1.64 and a debt-to-equity ratio of 0.06. Chunghwa Telecom Co., Ltd. has a twelve month low of $39.28 and a twelve month high of $47.03. The business has a 50-day moving average price of $43.32 and a 200 day moving average price of $42.56. The firm has a market cap of $34.65 billion, a PE ratio of 27.24, a P/E/G ratio of 6.08 and a beta of 0.29.

Chunghwa Telecom (NYSE:CHT) last announced its quarterly earnings results on Tuesday, March 31st. The utilities provider reported $0.41 earnings per share for the quarter. Chunghwa Telecom had a return on equity of 9.90% and a net margin of 16.23%.The firm had revenue of $1.88 billion during the quarter. Sell-side analysts predict that Chunghwa Telecom Co., Ltd. will post 1.56 earnings per share for the current fiscal year.

Chunghwa Telecom Cuts Dividend

The firm also recently declared an annual dividend, which will be paid on Friday, August 14th. Investors of record on Thursday, July 9th will be paid a $1.6525 dividend. This represents a dividend yield of 370.0%. The ex-dividend date is Thursday, July 9th. Chunghwa Telecom’s payout ratio is currently 79.27%.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Chunghwa Telecom in a report on Monday, April 20th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently 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.