Creative Planning Buys 1,420 Shares of Chunghwa Telecom Co., Ltd. (NYSE:CHT)

Creative Planning grew its holdings in shares of Chunghwa Telecom Co., Ltd. (NYSE:CHT) by 1.1% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 124,913 shares of the utilities provider’s stock after acquiring an additional 1,420 shares during the quarter. Creative Planning’s holdings in Chunghwa Telecom were worth $4,955,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. Foster Group Inc. increased its position in shares of Chunghwa Telecom by 4.6% during the second quarter. Foster Group Inc. now owns 6,760 shares of the utilities provider’s stock worth $261,000 after acquiring an additional 299 shares during the period. GAMMA Investing LLC boosted its stake in Chunghwa Telecom by 14.2% in the second quarter. GAMMA Investing LLC now owns 2,543 shares of the utilities provider’s stock valued at $98,000 after acquiring an additional 317 shares in the last quarter. Simplicity Wealth LLC lifted its stake in shares of Chunghwa Telecom by 8.4% during the second quarter. Simplicity Wealth LLC now owns 5,755 shares of the utilities provider’s stock worth $222,000 after buying an additional 445 shares during the period. Kathmere Capital Management LLC lifted its stake in shares of Chunghwa Telecom by 1.5% during the second quarter. Kathmere Capital Management LLC now owns 30,247 shares of the utilities provider’s stock worth $1,168,000 after buying an additional 460 shares during the period. Finally, Gallacher Capital Management LLC raised its holdings in shares of Chunghwa Telecom by 9.2% during the second quarter. Gallacher Capital Management LLC now owns 8,667 shares of the utilities provider’s stock worth $335,000 after purchasing an additional 733 shares during the last quarter. 2.11% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Chunghwa Telecom Stock Performance

CHT opened at $37.73 on Friday. The firm has a market capitalization of $29.27 billion, a PE ratio of 25.15, a PEG ratio of 18.47 and a beta of 0.19. Chunghwa Telecom Co., Ltd. has a twelve month low of $35.44 and a twelve month high of $40.62. The firm’s 50-day moving average price is $38.76 and its 200 day moving average price is $38.38. The company has a current ratio of 1.28, a quick ratio of 1.16 and a debt-to-equity ratio of 0.08.

Chunghwa Telecom (NYSE:CHT) last posted its earnings results on Tuesday, August 6th. The utilities provider reported $0.39 earnings per share for the quarter. The company had revenue of $1.67 billion for the quarter. Chunghwa Telecom had a net margin of 16.27% and a return on equity of 9.27%. As a group, sell-side analysts expect 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.