Centaurus Financial Inc. Acquires New Stake in Chunghwa Telecom Co., Ltd. (NYSE:CHT)

Centaurus Financial Inc. acquired a new stake in shares of Chunghwa Telecom Co., Ltd. (NYSE:CHT) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,606 shares of the utilities provider’s stock, valued at approximately $102,000.

Several other large investors also recently added to or reduced their stakes in the business. Ieq Capital LLC boosted its stake in Chunghwa Telecom by 4.7% during the fourth quarter. Ieq Capital LLC now owns 6,073 shares of the utilities provider’s stock valued at $237,000 after buying an additional 271 shares during the period. Glassman Wealth Services boosted its stake in Chunghwa Telecom by 43.6% during the fourth quarter. Glassman Wealth Services now owns 1,011 shares of the utilities provider’s stock valued at $40,000 after buying an additional 307 shares during the period. Lindbrook Capital LLC boosted its stake in Chunghwa Telecom by 10.7% during the fourth quarter. Lindbrook Capital LLC now owns 3,919 shares of the utilities provider’s stock valued at $153,000 after buying an additional 380 shares during the period. PNC Financial Services Group Inc. raised its position in Chunghwa Telecom by 3.7% during the third quarter. PNC Financial Services Group Inc. now owns 14,092 shares of the utilities provider’s stock valued at $506,000 after purchasing an additional 503 shares in the last quarter. Finally, DGS Capital Management LLC raised its position in Chunghwa Telecom by 6.5% during the fourth quarter. DGS Capital Management LLC now owns 9,381 shares of the utilities provider’s stock valued at $367,000 after purchasing an additional 575 shares in the last quarter. Institutional investors own 2.11% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Chunghwa Telecom from a “buy” rating to a “hold” rating in a research report on Thursday, February 22nd.

Chunghwa Telecom Trading Up 0.2 %

NYSE CHT opened at $39.69 on Thursday. The stock’s 50-day simple moving average is $38.83 and its two-hundred day simple moving average is $38.56. Chunghwa Telecom Co., Ltd. has a twelve month low of $35.44 and a twelve month high of $40.71. The company has a quick ratio of 1.64, a current ratio of 1.83 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $30.79 billion, a price-to-earnings ratio of 26.46 and a beta of 0.19.

Chunghwa Telecom (NYSE:CHT) last released its quarterly earnings results on Thursday, May 2nd. The utilities provider reported $0.38 earnings per share for the quarter. Chunghwa Telecom had a return on equity of 9.31% and a net margin of 16.40%. The business had revenue of $1.75 billion for the quarter.

Chunghwa Telecom Cuts Dividend

The business also recently disclosed an annual dividend, which will be paid on Thursday, August 15th. Stockholders of record on Wednesday, July 3rd will be issued a $1.4736 dividend. The ex-dividend date is Wednesday, July 3rd. This represents a dividend yield of 2.9%. Chunghwa Telecom’s dividend payout ratio is currently 76.67%.

Chunghwa Telecom Company 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.