Geode Capital Management LLC Lowers Position in Chunghwa Telecom Co., Ltd. (NYSE:CHT)

Geode Capital Management LLC decreased its holdings in shares of Chunghwa Telecom Co., Ltd. (NYSE:CHT) by 43.5% in the third quarter, Holdings Channel.com reports. The firm owned 7,688 shares of the utilities provider’s stock after selling 5,929 shares during the period. Geode Capital Management LLC’s holdings in Chunghwa Telecom were worth $305,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in CHT. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Chunghwa Telecom by 120.5% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 915,853 shares of the utilities provider’s stock valued at $36,332,000 after acquiring an additional 500,475 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new position in shares of Chunghwa Telecom during the 3rd quarter valued at $4,095,000. Bank of Montreal Can increased its holdings in Chunghwa Telecom by 178.8% in the 2nd quarter. Bank of Montreal Can now owns 103,593 shares of the utilities provider’s stock valued at $4,074,000 after acquiring an additional 66,441 shares during the last quarter. Creative Planning increased its holdings in Chunghwa Telecom by 32.7% in the 2nd quarter. Creative Planning now owns 123,493 shares of the utilities provider’s stock valued at $4,768,000 after acquiring an additional 30,410 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC increased its holdings in shares of Chunghwa Telecom by 31.8% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 86,453 shares of the utilities provider’s stock worth $3,338,000 after buying an additional 20,846 shares during the last quarter. Institutional investors own 2.11% of the company’s stock.

Chunghwa Telecom Stock Performance

Shares of NYSE:CHT opened at $37.07 on Tuesday. The company has a market capitalization of $28.76 billion, a price-to-earnings ratio of 25.39, a PEG ratio of 18.43 and a beta of 0.20. Chunghwa Telecom Co., Ltd. has a 12 month low of $35.92 and a 12 month high of $40.62. The firm’s 50-day moving average is $37.90 and its 200 day moving average is $37.99. The company has a current ratio of 1.47, a quick ratio of 1.29 and a debt-to-equity ratio of 0.06.

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.