SmartHarvest Portfolios LLC Invests $623,000 in Chunghwa Telecom Co., Ltd. $CHT

SmartHarvest Portfolios LLC purchased a new stake in shares of Chunghwa Telecom Co., Ltd. (NYSE:CHT) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 14,948 shares of the utilities provider’s stock, valued at approximately $623,000.

A number of other large investors have also recently modified their holdings of the company. Smartleaf Asset Management LLC purchased a new position in Chunghwa Telecom during the 2nd quarter worth $53,000. SG Americas Securities LLC purchased a new stake in shares of Chunghwa Telecom in the 4th quarter worth $130,000. Focus Partners Wealth bought a new position in shares of Chunghwa Telecom during the 3rd quarter worth $143,000. CWM LLC grew its position in shares of Chunghwa Telecom by 28.5% during the 4th quarter. CWM LLC now owns 3,922 shares of the utilities provider’s stock worth $164,000 after buying an additional 869 shares in the last quarter. Finally, V Square Quantitative Management LLC purchased a new position in shares of Chunghwa Telecom during the fourth quarter valued at $170,000. Hedge funds and other institutional investors own 2.11% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Chunghwa Telecom in a report on Monday, April 20th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Chunghwa Telecom currently has a consensus rating of “Hold”.

Chunghwa Telecom Stock Performance

Shares of CHT stock opened at $46.07 on Friday. The firm has a market cap of $35.74 billion, a price-to-earnings ratio of 28.09, a PEG ratio of 6.22 and a beta of 0.29. The company’s 50 day moving average is $43.56 and its 200 day moving average is $42.66. 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 52-week low of $39.28 and a 52-week high of $47.03.

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

Chunghwa Telecom Cuts Dividend

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

About Chunghwa Telecom

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.