SmartHarvest Portfolios LLC Invests $623,000 in Chunghwa Telecom Co., Ltd. $CHT

SmartHarvest Portfolios LLC bought a new stake in shares of Chunghwa Telecom Co., Ltd. (NYSE:CHT) in the fourth quarter, Holdings Channel.com reports. The institutional investor bought 14,948 shares of the utilities provider’s stock, valued at approximately $623,000.

Several other institutional investors also recently bought and sold shares of the company. Smartleaf Asset Management LLC acquired a new position in shares of Chunghwa Telecom during the second quarter worth $53,000. SG Americas Securities LLC acquired a new stake in shares of Chunghwa Telecom in the 4th quarter worth $130,000. Focus Partners Wealth purchased a new position in Chunghwa Telecom during the 3rd quarter worth $143,000. CWM LLC grew its stake in Chunghwa Telecom by 28.5% during the 4th quarter. CWM LLC now owns 3,922 shares of the utilities provider’s stock worth $164,000 after buying an additional 869 shares during the last quarter. Finally, V Square Quantitative Management LLC acquired a new position in Chunghwa Telecom during the 4th quarter valued at about $170,000. 2.11% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Chunghwa Telecom in a research note on Monday, April 20th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Chunghwa Telecom Trading Up 1.1%

Shares of Chunghwa Telecom stock opened at $46.07 on Friday. The firm’s 50 day simple moving average is $43.56 and its two-hundred day simple moving average is $42.66. The firm has a market capitalization of $35.74 billion, a price-to-earnings ratio of 28.09, a PEG ratio of 6.22 and a beta of 0.29. Chunghwa Telecom Co., Ltd. has a 12-month low of $39.28 and a 12-month high of $47.03. The company has a current ratio of 1.64, a quick ratio of 1.46 and a debt-to-equity ratio of 0.06.

Chunghwa Telecom (NYSE:CHT) last announced its quarterly earnings data on Tuesday, March 31st. The utilities provider reported $0.41 earnings per share for the quarter. Chunghwa Telecom had a net margin of 16.23% and a return on equity of 9.90%. The firm had revenue of $1.88 billion for the quarter. Analysts predict that Chunghwa Telecom Co., Ltd. will post 1.56 EPS for the current year.

Chunghwa Telecom Cuts Dividend

The company also recently disclosed an annual dividend, which will be paid on Friday, August 14th. Stockholders of record on Thursday, July 9th will be issued a $1.6525 dividend. The ex-dividend date of this dividend is Thursday, July 9th. This represents a dividend yield of 370.0%. Chunghwa Telecom’s dividend payout ratio is currently 79.27%.

About Chunghwa Telecom

Chunghwa Telecom Co, Ltd. is the largest integrated telecommunications service provider in Taiwan, serving both consumer and enterprise customers across the island and through international telecommunications links. The company offers a full range of voice, data and multimedia services and operates as the incumbent fixed-line operator while also competing in mobile, broadband and enterprise markets. Its network footprint and traffic interchange capabilities support domestic communications and cross-border connectivity for carriers and multinational businesses.

Chunghwa Telecom’s product and service portfolio includes fixed-line telephony, mobile services (including 4G and 5G wireless access), broadband internet (DSL and fiber-to-the-home), and IPTV.