Venturi Wealth Management LLC Acquires New Stake in Chunghwa Telecom Co., Ltd. $CHT

Venturi Wealth Management LLC acquired a new stake in Chunghwa Telecom Co., Ltd. (NYSE:CHT) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 5,201 shares of the utilities provider’s stock, valued at approximately $242,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. grew its stake in Chunghwa Telecom by 15.0% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,116,747 shares of the utilities provider’s stock worth $43,788,000 after purchasing an additional 145,984 shares in the last quarter. Acadian Asset Management LLC grew its stake in Chunghwa Telecom by 142.3% during the 1st quarter. Acadian Asset Management LLC now owns 465,571 shares of the utilities provider’s stock worth $18,250,000 after purchasing an additional 273,449 shares in the last quarter. American Century Companies Inc. grew its stake in Chunghwa Telecom by 9.8% during the 1st quarter. American Century Companies Inc. now owns 280,185 shares of the utilities provider’s stock worth $10,986,000 after purchasing an additional 25,063 shares in the last quarter. Rhumbline Advisers grew its stake in Chunghwa Telecom by 3.5% during the 1st quarter. Rhumbline Advisers now owns 264,373 shares of the utilities provider’s stock worth $10,366,000 after purchasing an additional 8,859 shares in the last quarter. Finally, Public Employees Retirement System of Ohio grew its stake in Chunghwa Telecom by 7.0% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 143,425 shares of the utilities provider’s stock worth $6,685,000 after purchasing an additional 9,379 shares in the last quarter. Hedge funds and other institutional investors own 2.11% of the company’s stock.

Chunghwa Telecom Trading Down 0.3%

NYSE:CHT opened at $42.87 on Friday. The stock has a 50-day simple moving average of $44.28 and a 200-day simple moving average of $43.35. The stock has a market cap of $33.35 billion, a P/E ratio of 28.02 and a beta of 0.26. Chunghwa Telecom Co., Ltd. has a 1 year low of $36.61 and a 1 year high of $47.03. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.05 and a current ratio of 1.15.

Chunghwa Telecom (NYSE:CHT) last released its quarterly earnings data on Tuesday, August 5th. The utilities provider reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.01. The business had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $55.92 billion. Chunghwa Telecom had a return on equity of 9.72% and a net margin of 16.27%. As a group, analysts anticipate that Chunghwa Telecom Co., Ltd. will post 1.44 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Chunghwa Telecom in a research note on Wednesday. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Chunghwa Telecom has a consensus rating of “Hold”.

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.