Kathmere Capital Management LLC Acquires 460 Shares of Chunghwa Telecom Co., Ltd. (NYSE:CHT)

Kathmere Capital Management LLC grew its holdings in Chunghwa Telecom Co., Ltd. (NYSE:CHT) by 1.5% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 30,247 shares of the utilities provider’s stock after acquiring an additional 460 shares during the period. Kathmere Capital Management LLC’s holdings in Chunghwa Telecom were worth $1,168,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. O Shaughnessy Asset Management LLC increased 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 valued at $4,117,000 after acquiring an additional 22,835 shares during the last quarter. Sequoia Financial Advisors LLC raised its holdings in Chunghwa Telecom by 8.8% in the 1st quarter. Sequoia Financial Advisors LLC now owns 21,409 shares of the utilities provider’s stock worth $838,000 after acquiring an additional 1,734 shares during the period. GAMMA Investing LLC lifted its position in Chunghwa Telecom by 14.2% during the 2nd quarter. GAMMA Investing LLC now owns 2,543 shares of the utilities provider’s stock worth $98,000 after acquiring an additional 317 shares during the last quarter. PNC Financial Services Group Inc. grew its position in shares of Chunghwa Telecom by 5.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 14,835 shares of the utilities provider’s stock valued at $580,000 after purchasing an additional 743 shares during the last quarter. Finally, Orion Portfolio Solutions LLC increased its stake in shares of Chunghwa Telecom by 3.8% in the first quarter. Orion Portfolio Solutions LLC now owns 47,354 shares of the utilities provider’s stock worth $1,853,000 after purchasing an additional 1,751 shares during the period. Institutional investors own 2.11% of the company’s stock.

Wall Street Analyst Weigh In

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

Chunghwa Telecom Stock Performance

NYSE CHT opened at $40.23 on Friday. The company’s fifty day moving average is $38.24 and its two-hundred day moving average is $38.43. Chunghwa Telecom Co., Ltd. has a 52-week low of $35.44 and a 52-week high of $40.62. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.28 and a quick ratio of 1.16. The firm has a market capitalization of $31.21 billion, a price-to-earnings ratio of 26.82, a P/E/G ratio of 19.34 and a beta of 0.19.

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

Chunghwa Telecom 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.