Stifel Financial Corp Sells 5,000 Shares of Chunghwa Telecom Co., Ltd (CHT)

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Stifel Financial Corp lowered its position in shares of Chunghwa Telecom Co., Ltd (NYSE:CHT) by 35.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 9,000 shares of the utilities provider’s stock after selling 5,000 shares during the period. Stifel Financial Corp’s holdings in Chunghwa Telecom were worth $322,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Natixis Advisors L.P. raised its holdings in shares of Chunghwa Telecom by 5.8% during the 4th quarter. Natixis Advisors L.P. now owns 33,351 shares of the utilities provider’s stock worth $1,193,000 after acquiring an additional 1,827 shares in the last quarter. Northern Trust Corp raised its holdings in shares of Chunghwa Telecom by 16.6% during the 4th quarter. Northern Trust Corp now owns 1,345,108 shares of the utilities provider’s stock worth $48,142,000 after acquiring an additional 191,815 shares in the last quarter. Citigroup Inc. purchased a new stake in shares of Chunghwa Telecom during the 4th quarter worth approximately $119,000. Lindbrook Capital LLC purchased a new stake in shares of Chunghwa Telecom during the 4th quarter worth approximately $35,000. Finally, Henry James International Management Inc. bought a new position in shares of Chunghwa Telecom during the 4th quarter valued at approximately $394,000. 2.83% of the stock is owned by institutional investors and hedge funds.

Separately, Credit Suisse Group downgraded Chunghwa Telecom from a “neutral” rating to an “underperform” rating in a research report on Tuesday, January 8th.

NYSE CHT opened at $35.56 on Wednesday. The company has a market cap of $27.29 billion, a PE ratio of 24.03 and a beta of 0.13. Chunghwa Telecom Co., Ltd has a fifty-two week low of $34.02 and a fifty-two week high of $39.19.

Chunghwa Telecom (NYSE:CHT) last released its earnings results on Wednesday, January 30th. The utilities provider reported $0.35 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.01). The company had revenue of $1.80 billion for the quarter. Chunghwa Telecom had a net margin of 16.28% and a return on equity of 9.11%. On average, analysts forecast that Chunghwa Telecom Co., Ltd will post 1.44 earnings per share for the current year.

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Chunghwa Telecom Profile

Chunghwa Telecom Co, Ltd. engages in the provision of telecommunication and information related services. It operates through the following business segments: Domestic Fixed Communications, Mobile Communications, Internet, International Fixed Communications, and Others. The company was founded on June 15, 1996 and is headquartered in Taipei, Taiwan.

See Also: Understanding Options Trading

Want to see what other hedge funds are holding CHT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Chunghwa Telecom Co., Ltd (NYSE:CHT).

Institutional Ownership by Quarter for Chunghwa Telecom (NYSE:CHT)

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