Chunghwa Telecom Co., Ltd. (CHT) Stake Increased by Kayne Anderson Rudnick Investment Management LLC

Kayne Anderson Rudnick Investment Management LLC increased its stake in Chunghwa Telecom Co., Ltd. (NYSE:CHT) by 0.2% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 29,892 shares of the utilities provider’s stock after purchasing an additional 60 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC’s holdings in Chunghwa Telecom Co. were worth $1,053,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Sei Investments Co. lifted its holdings in Chunghwa Telecom Co. by 65.8% in the 2nd quarter. Sei Investments Co. now owns 3,188 shares of the utilities provider’s stock worth $112,000 after purchasing an additional 1,265 shares during the last quarter. BNP Paribas Arbitrage SA lifted its holdings in Chunghwa Telecom Co. by 44.2% in the 1st quarter. BNP Paribas Arbitrage SA now owns 5,383 shares of the utilities provider’s stock worth $183,000 after purchasing an additional 1,651 shares during the last quarter. Eqis Capital Management Inc. lifted its holdings in Chunghwa Telecom Co. by 3.6% in the 1st quarter. Eqis Capital Management Inc. now owns 7,005 shares of the utilities provider’s stock worth $238,000 after purchasing an additional 246 shares during the last quarter. Trexquant Investment LP acquired a new stake in Chunghwa Telecom Co. in the 2nd quarter worth approximately $270,000. Finally, Dynamic Technology Lab Private Ltd lifted its holdings in Chunghwa Telecom Co. by 13.8% in the 1st quarter. Dynamic Technology Lab Private Ltd now owns 8,045 shares of the utilities provider’s stock worth $273,000 after purchasing an additional 976 shares during the last quarter. Hedge funds and other institutional investors own 3.24% of the company’s stock.

Several equities research analysts recently weighed in on CHT shares. Zacks Investment Research upgraded Chunghwa Telecom Co. from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a report on Monday, May 29th. BidaskClub lowered Chunghwa Telecom Co. from a “buy” rating to a “hold” rating in a report on Wednesday, June 14th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $40.00.

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Shares of Chunghwa Telecom Co., Ltd. (CHT) traded up 0.61% on Friday, reaching $34.66. The company’s stock had a trading volume of 230,082 shares. Chunghwa Telecom Co., Ltd. has a 1-year low of $31.28 and a 1-year high of $36.37. The company’s 50 day moving average is $34.16 and its 200-day moving average is $34.55. The firm has a market cap of $26.89 billion, a price-to-earnings ratio of 21.53 and a beta of 0.32.

Chunghwa Telecom Co. (NYSE:CHT) last issued its quarterly earnings results on Thursday, July 27th. The utilities provider reported $0.45 EPS for the quarter, beating the consensus estimate of $0.41 by $0.04. Chunghwa Telecom Co. had a return on equity of 10.26% and a net margin of 16.49%. The firm had revenue of $1.84 billion during the quarter. Equities research analysts expect that Chunghwa Telecom Co., Ltd. will post $1.66 EPS for the current year.

The firm also recently disclosed an annual dividend, which was paid on Friday, September 1st. Stockholders of record on Friday, July 21st were given a $1.6294 dividend. This represents a dividend yield of 4.57%. This is a boost from Chunghwa Telecom Co.’s previous annual dividend of $1.33. The ex-dividend date of this dividend was Wednesday, July 19th. Chunghwa Telecom Co.’s dividend payout ratio (DPR) is presently 83.23%.

About Chunghwa Telecom Co.

Chunghwa Telecom Co, Ltd. provides telecommunication services. The Company’s segments include Domestic fixed communications business, which is engaged in the provision of local telephone services, domestic long distance telephone services, broadband access and related services; Mobile communications business, which is engaged in the provision of mobile services, sales of mobile handsets and data cards, and related services; Internet business, which is engaged in the provision of HiNet services and related services; International fixed communications business, which includes international long distance telephone services, international leased line services, international data services, satellite services, and information and communication technology (ICT) and other international services, and Others, which is engaged in the provision of non-telecom services.

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

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