TD Asset Management Inc. Boosts Stake in Chunghwa Telecom Co., Ltd. (NYSE:CHT)

TD Asset Management Inc. raised its stake in shares of Chunghwa Telecom Co., Ltd. (NYSE:CHT) by 6.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,453,800 shares of the utilities provider’s stock after buying an additional 85,300 shares during the period. TD Asset Management Inc. owned 0.19% of Chunghwa Telecom Co. worth $51,203,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of CHT. Bank of Montreal Can raised its stake in shares of Chunghwa Telecom Co. by 1.4% in the first quarter. Bank of Montreal Can now owns 110,106 shares of the utilities provider’s stock valued at $3,741,000 after buying an additional 1,560 shares during the period. Capstone Asset Management Co. raised its stake in Chunghwa Telecom Co. by 1.3% in the first quarter. Capstone Asset Management Co. now owns 87,474 shares of the utilities provider’s stock worth $2,972,000 after buying an additional 1,160 shares during the period. Profund Advisors LLC raised its stake in Chunghwa Telecom Co. by 24.8% in the first quarter. Profund Advisors LLC now owns 16,213 shares of the utilities provider’s stock worth $551,000 after buying an additional 3,224 shares during the period. Wetherby Asset Management Inc. raised its stake in Chunghwa Telecom Co. by 16.3% in the first quarter. Wetherby Asset Management Inc. now owns 35,661 shares of the utilities provider’s stock worth $1,212,000 after buying an additional 5,000 shares during the period. Finally, Greenleaf Trust bought a new stake in Chunghwa Telecom Co. during the first quarter worth $252,000. 3.40% of the stock is owned by institutional investors.

Chunghwa Telecom Co., Ltd. (CHT) traded up 0.51% during trading on Friday, reaching $33.77. The company had a trading volume of 78,758 shares. The stock has a market capitalization of $26.20 billion, a P/E ratio of 20.98 and a beta of 0.33. The stock has a 50 day moving average of $34.58 and a 200-day moving average of $34.28. Chunghwa Telecom Co., Ltd. has a 12-month low of $31.28 and a 12-month high of $36.79.

Chunghwa Telecom Co. (NYSE:CHT) last posted its earnings results on Thursday, July 27th. The utilities provider reported $0.45 EPS for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.04. The firm had revenue of $1.84 billion for the quarter. Chunghwa Telecom Co. had a net margin of 16.49% and a return on equity of 10.26%. On average, analysts forecast that Chunghwa Telecom Co., Ltd. will post $1.66 earnings per share for the current fiscal year.

The firm also recently disclosed an annual dividend, which will be paid on Friday, September 1st. Shareholders of record on Friday, July 21st will be given a dividend of $1.6294 per share. This is an increase from Chunghwa Telecom Co.’s previous annual dividend of $1.33. This represents a yield of 4.57%. The ex-dividend date of this dividend is Wednesday, July 19th. Chunghwa Telecom Co.’s dividend payout ratio (DPR) is presently 82.58%.

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A number of research analysts recently issued reports on the company. UBS AG downgraded Chunghwa Telecom Co. from a “buy” rating to a “sell” rating in a report on Friday, May 12th. BidaskClub downgraded Chunghwa Telecom Co. from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Finally, Zacks Investment Research upgraded Chunghwa Telecom Co. from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a research note on Monday, May 29th. Three investment analysts have rated the stock with a sell rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $40.00.

Chunghwa Telecom Co. Company Profile

Chunghwa Telecom Co, Ltd. provides telecommunication services. The Company’s segments include Domestic fixed communications business, which is engaged in the provision of local telephone services, domestic long distance telephone services, broadband access and related services; Mobile communications business, which is engaged in the provision of mobile services, sales of mobile handsets and data cards, and related services; Internet business, which is engaged in the provision of HiNet services and related services; International fixed communications business, which includes international long distance telephone services, international leased line services, international data services, satellite services, and information and communication technology (ICT) and other international services, and Others, which is engaged in the provision of non-telecom services.

Institutional Ownership by Quarter for Chunghwa Telecom Co. (NYSE:CHT)

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