Chunghwa Telecom Co., Ltd. (NYSE:CHT) Shares Bought by American Century Companies Inc.

American Century Companies Inc. grew its stake in Chunghwa Telecom Co., Ltd. (NYSE:CHT) by 5.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 179,356 shares of the utilities provider’s stock after purchasing an additional 9,968 shares during the period. American Century Companies Inc.’s holdings in Chunghwa Telecom were worth $6,925,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. O Shaughnessy Asset Management LLC raised its holdings in shares of Chunghwa Telecom by 27.7% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 105,189 shares of the utilities provider’s stock worth $4,117,000 after acquiring an additional 22,835 shares during the period. Catalina Capital Group LLC purchased a new stake in shares of Chunghwa Telecom in the 1st quarter valued at approximately $520,000. Blue Trust Inc. raised its position in shares of Chunghwa Telecom by 115.0% during the 2nd quarter. Blue Trust Inc. now owns 19,623 shares of the utilities provider’s stock valued at $768,000 after buying an additional 10,495 shares during the period. Kathmere Capital Management LLC lifted its holdings in Chunghwa Telecom by 40.2% in the first quarter. Kathmere Capital Management LLC now owns 29,787 shares of the utilities provider’s stock valued at $1,166,000 after acquiring an additional 8,541 shares during the last quarter. Finally, Sivia Capital Partners LLC purchased a new position in Chunghwa Telecom in the fourth quarter worth approximately $316,000. Institutional investors and hedge funds own 2.11% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. downgraded Chunghwa Telecom from an “overweight” rating to a “neutral” rating in a research report on Tuesday, August 6th.

Chunghwa Telecom Price Performance

Shares of CHT opened at $39.61 on Tuesday. The firm has a 50-day simple moving average of $38.02 and a two-hundred day simple moving average of $38.39. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.28 and a quick ratio of 1.16. Chunghwa Telecom Co., Ltd. has a 1-year low of $35.44 and a 1-year high of $39.78. The stock has a market cap of $30.72 billion, a PE ratio of 26.40, a P/E/G ratio of 19.00 and a beta of 0.19.

Chunghwa Telecom (NYSE:CHT) last announced its earnings results on Tuesday, August 6th. The utilities provider reported $0.39 earnings per share (EPS) for the quarter. Chunghwa Telecom had a return on equity of 9.27% and a net margin of 16.27%. The company had revenue of $1.67 billion for the quarter. As a group, analysts forecast that Chunghwa Telecom Co., Ltd. will post 1.49 EPS for the current year.

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.