Cwm LLC Decreases Holdings in Chunghwa Telecom Co., Ltd. (NYSE:CHT)

Cwm LLC cut its stake in Chunghwa Telecom Co., Ltd. (NYSE:CHT) by 9.1% during the 3rd quarter, HoldingsChannel reports. The firm owned 3,130 shares of the utilities provider’s stock after selling 313 shares during the quarter. Cwm LLC’s holdings in Chunghwa Telecom were worth $124,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. GAMMA Investing LLC grew its stake in shares of 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 buying an additional 317 shares in the last quarter. V Square Quantitative Management LLC purchased a new stake in shares of Chunghwa Telecom during the second quarter valued at approximately $120,000. EverSource Wealth Advisors LLC raised its stake in shares of Chunghwa Telecom by 80.1% during the first quarter. EverSource Wealth Advisors LLC now owns 3,345 shares of the utilities provider’s stock valued at $126,000 after purchasing an additional 1,488 shares during the period. Simplicity Wealth LLC lifted its position 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 purchasing an additional 445 shares in the last quarter. Finally, Mizuho Securities Co. Ltd. boosted its stake in shares of Chunghwa Telecom by 86.6% in the second quarter. Mizuho Securities Co. Ltd. now owns 6,472 shares of the utilities provider’s stock valued at $250,000 after purchasing an additional 3,003 shares during the period. Institutional investors and hedge funds own 2.11% of the company’s stock.

Chunghwa Telecom Trading Up 0.1 %

NYSE:CHT opened at $37.79 on Friday. The stock has a market cap of $29.31 billion, a price-to-earnings ratio of 25.17, a price-to-earnings-growth ratio of 18.47 and a beta of 0.19. Chunghwa Telecom Co., Ltd. has a one year low of $35.44 and a one year high of $40.62. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.16 and a current ratio of 1.28. The business’s 50-day simple moving average is $38.76 and its 200 day simple moving average is $38.38.

Chunghwa Telecom (NYSE:CHT) last issued its quarterly earnings results on Tuesday, August 6th. The utilities provider reported $0.39 earnings per share (EPS) for the quarter. The business 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%. As a group, sell-side analysts predict that Chunghwa Telecom Co., Ltd. will post 1.49 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

About Chunghwa Telecom

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.