Waldron Private Wealth LLC Invests $217,000 in Chunghwa Telecom Co., Ltd. (NYSE:CHT)

Waldron Private Wealth LLC purchased a new position in Chunghwa Telecom Co., Ltd. (NYSE:CHT) during the third quarter, HoldingsChannel reports. The firm purchased 5,478 shares of the utilities provider’s stock, valued at approximately $217,000.

Several other institutional investors also recently added to or reduced their stakes in CHT. GAMMA Investing LLC boosted its position in Chunghwa Telecom by 14.2% in the 2nd 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 during the period. V Square Quantitative Management LLC purchased a new stake in shares of Chunghwa Telecom in the second quarter valued at approximately $120,000. EverSource Wealth Advisors LLC grew its stake in Chunghwa Telecom by 80.1% in the first quarter. EverSource Wealth Advisors LLC now owns 3,345 shares of the utilities provider’s stock worth $126,000 after purchasing an additional 1,488 shares in the last quarter. CWM LLC increased its holdings in Chunghwa Telecom by 31.8% during the 2nd quarter. CWM LLC now owns 3,443 shares of the utilities provider’s stock worth $133,000 after purchasing an additional 830 shares during the period. Finally, Simplicity Wealth LLC raised its position in Chunghwa Telecom by 8.4% during the 2nd quarter. Simplicity Wealth LLC now owns 5,755 shares of the utilities provider’s stock valued at $222,000 after purchasing an additional 445 shares in the last quarter. Hedge funds and other institutional investors own 2.11% of the company’s stock.

Chunghwa Telecom Trading Down 1.0 %

NYSE:CHT opened at $37.87 on Thursday. The firm has a 50-day simple moving average of $38.76 and a 200-day simple moving average of $38.38. Chunghwa Telecom Co., Ltd. has a one year low of $35.44 and a one year high of $40.62. The firm has a market cap of $29.38 billion, a P/E ratio of 25.25, a P/E/G ratio of 18.59 and a beta of 0.19. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.16 and a current ratio of 1.28.

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 during the quarter. Chunghwa Telecom had a return on equity of 9.27% and a net margin of 16.27%. Equities analysts anticipate that Chunghwa Telecom Co., Ltd. will post 1.49 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. lowered 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.