Signaturefd LLC Sells 8,024 Shares of Chunghwa Telecom Co., Ltd. (NYSE:CHT)

Signaturefd LLC cut its stake in Chunghwa Telecom Co., Ltd. (NYSE:CHT) by 23.6% in the third quarter, Holdings Channel reports. The institutional investor owned 26,010 shares of the utilities provider’s stock after selling 8,024 shares during the period. Signaturefd LLC’s holdings in Chunghwa Telecom were worth $1,032,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. O Shaughnessy Asset Management LLC grew its holdings in 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 purchasing an additional 22,835 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Chunghwa Telecom by 4.2% in the second quarter. Dimensional Fund Advisors LP now owns 407,062 shares of the utilities provider’s stock worth $15,710,000 after buying an additional 16,428 shares during the period. Creative Planning raised its holdings in shares of Chunghwa Telecom by 32.7% in the second quarter. Creative Planning now owns 123,493 shares of the utilities provider’s stock worth $4,768,000 after buying an additional 30,410 shares during the period. Bank of Montreal Can lifted its stake in shares of Chunghwa Telecom by 178.8% during the 2nd quarter. Bank of Montreal Can now owns 103,593 shares of the utilities provider’s stock worth $4,074,000 after acquiring an additional 66,441 shares during the last quarter. Finally, Sequoia Financial Advisors LLC grew its position 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 valued at $838,000 after acquiring an additional 1,734 shares during the last quarter. 2.11% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Chunghwa Telecom Price Performance

Shares of CHT stock opened at $37.87 on Thursday. Chunghwa Telecom Co., Ltd. has a twelve month low of $35.44 and a twelve month high of $40.62. The company has a current ratio of 1.28, a quick ratio of 1.16 and a debt-to-equity ratio of 0.08. The stock has a fifty day simple moving average of $38.76 and a two-hundred day simple moving average of $38.38. The stock has a market capitalization of $29.38 billion, a price-to-earnings ratio of 25.25, a P/E/G ratio of 18.59 and a beta of 0.19.

Chunghwa Telecom (NYSE:CHT) last released its quarterly earnings data on Tuesday, August 6th. The utilities provider reported $0.39 earnings per share for the quarter. The company had revenue of $1.67 billion during the quarter. Chunghwa Telecom had a net margin of 16.27% and a return on equity of 9.27%. On average, analysts predict that Chunghwa Telecom Co., Ltd. will post 1.49 EPS for the current fiscal 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.