Savant Capital LLC Invests $1.38 Million in Chunghwa Telecom Co., Ltd. $CHT

Savant Capital LLC acquired a new stake in Chunghwa Telecom Co., Ltd. (NYSE:CHT) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 29,691 shares of the utilities provider’s stock, valued at approximately $1,384,000.

Other institutional investors have also recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Chunghwa Telecom by 15.0% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,116,747 shares of the utilities provider’s stock valued at $43,788,000 after purchasing an additional 145,984 shares during the period. Acadian Asset Management LLC grew its position in shares of 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 buying an additional 273,449 shares during the period. American Century Companies Inc. increased its stake in shares of Chunghwa Telecom by 9.8% in the 1st quarter. American Century Companies Inc. now owns 280,185 shares of the utilities provider’s stock valued at $10,986,000 after acquiring an additional 25,063 shares during the last quarter. Rhumbline Advisers raised its position in shares of Chunghwa Telecom by 3.5% in the 1st quarter. Rhumbline Advisers now owns 264,373 shares of the utilities provider’s stock valued at $10,366,000 after acquiring an additional 8,859 shares during the period. Finally, Public Employees Retirement System of Ohio boosted 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 acquiring an additional 9,379 shares during the last quarter. Institutional investors and hedge funds own 2.11% of the company’s stock.

Chunghwa Telecom Stock Performance

Shares of CHT opened at $42.81 on Thursday. The firm has a market cap of $33.21 billion, a P/E ratio of 27.98 and a beta of 0.28. Chunghwa Telecom Co., Ltd. has a twelve month low of $36.61 and a twelve month 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. The firm’s 50 day moving average price is $43.48 and its two-hundred day moving average price is $44.00.

Chunghwa Telecom (NYSE:CHT) last issued its quarterly earnings data on Thursday, November 6th. The utilities provider reported $0.41 EPS for the quarter, hitting analysts’ consensus estimates of $0.41. The business had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.93 billion. Chunghwa Telecom had a net margin of 16.27% and a return on equity of 9.72%. On average, analysts forecast that Chunghwa Telecom Co., Ltd. will post 1.44 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Chunghwa Telecom in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Chunghwa Telecom has an average 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.