US Bancorp DE Sells 622 Shares of Chunghwa Telecom Co., Ltd. (NYSE:CHT)

US Bancorp DE cut its stake in Chunghwa Telecom Co., Ltd. (NYSE:CHT) by 2.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 28,790 shares of the utilities provider’s stock after selling 622 shares during the quarter. US Bancorp DE’s holdings in Chunghwa Telecom were worth $1,142,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Atomi Financial Group Inc. lifted its holdings in shares of Chunghwa Telecom by 13.9% in the first quarter. Atomi Financial Group Inc. now owns 7,251 shares of the utilities provider’s stock worth $284,000 after buying an additional 886 shares in the last quarter. Sei Investments Co. increased its position in Chunghwa Telecom by 10.7% in the first quarter. Sei Investments Co. now owns 40,796 shares of the utilities provider’s stock worth $1,597,000 after purchasing an additional 3,950 shares during the last quarter. Orion Portfolio Solutions LLC increased its position in Chunghwa Telecom by 3.8% during the first quarter. Orion Portfolio Solutions LLC now owns 47,354 shares of the utilities provider’s stock valued at $1,853,000 after acquiring an additional 1,751 shares during the last quarter. O Shaughnessy Asset Management LLC increased its position in Chunghwa Telecom by 27.7% during the first 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. Finally, Ascent Group LLC increased its position in Chunghwa Telecom by 27.4% during the first quarter. Ascent Group LLC now owns 9,462 shares of the utilities provider’s stock valued at $370,000 after acquiring an additional 2,036 shares during the last quarter. Hedge funds and other institutional investors own 2.11% of the company’s stock.

Chunghwa Telecom Stock Down 0.6 %

NYSE:CHT opened at $37.89 on Friday. Chunghwa Telecom Co., Ltd. has a 1-year low of $35.72 and a 1-year high of $40.62. The company has a 50-day moving average of $38.60 and a 200 day moving average of $38.32. The firm has a market cap of $29.39 billion, a PE ratio of 25.95, a price-to-earnings-growth ratio of 17.98 and a beta of 0.19. 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 (NYSE:CHT) last released its quarterly earnings results on Tuesday, August 6th. The utilities provider reported $0.39 EPS for the quarter. The business had revenue of $1.67 billion during the quarter. Chunghwa Telecom had a net margin of 16.09% and a return on equity of 9.16%. As a group, research analysts anticipate that Chunghwa Telecom Co., Ltd. will post 1.49 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

About Chunghwa Telecom

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.