TD Asset Management Inc Cuts Stock Holdings in Chunghwa Telecom Co., Ltd. $CHT

TD Asset Management Inc reduced its position in shares of Chunghwa Telecom Co., Ltd. (NYSE:CHT) by 2.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 520,877 shares of the utilities provider’s stock after selling 12,300 shares during the period. TD Asset Management Inc’s holdings in Chunghwa Telecom were worth $21,726,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Thrivent Financial for Lutherans purchased a new stake in Chunghwa Telecom during the 3rd quarter worth approximately $2,737,000. R Squared Ltd purchased a new stake in Chunghwa Telecom during the 3rd quarter worth approximately $1,026,000. American Century Companies Inc. increased its stake in Chunghwa Telecom by 12.7% during the 3rd quarter. American Century Companies Inc. now owns 371,284 shares of the utilities provider’s stock worth $16,195,000 after buying an additional 41,823 shares in the last quarter. B. Metzler seel. Sohn & Co. AG purchased a new stake in shares of Chunghwa Telecom in the fourth quarter valued at approximately $6,554,000. Finally, Caprock Group LLC purchased a new stake in shares of Chunghwa Telecom in the third quarter valued at approximately $522,000. 2.11% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Chunghwa Telecom Price Performance

CHT stock opened at $44.67 on Monday. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.64 and a quick ratio of 1.46. The business has a 50 day simple moving average of $43.32 and a 200-day simple moving average of $42.56. The firm has a market capitalization of $34.65 billion, a PE ratio of 27.24, a price-to-earnings-growth ratio of 6.08 and a beta of 0.29. Chunghwa Telecom Co., Ltd. has a 1 year low of $39.28 and a 1 year high of $47.03.

Chunghwa Telecom (NYSE:CHT) last posted its quarterly earnings results on Tuesday, March 31st. The utilities provider reported $0.41 earnings per share (EPS) for the quarter. The business had revenue of $1.88 billion during the quarter. Chunghwa Telecom had a return on equity of 9.90% and a net margin of 16.23%. Equities research analysts anticipate that Chunghwa Telecom Co., Ltd. will post 1.56 earnings per share for the current fiscal year.

Chunghwa Telecom Cuts Dividend

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

Chunghwa Telecom Company Profile

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.