Renaissance Technologies LLC lifted its position in shares of Chunghwa Telecom Co., Ltd (NYSE:CHT) by 2.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,225,484 shares of the utilities provider’s stock after purchasing an additional 76,100 shares during the quarter. Renaissance Technologies LLC’s holdings in Chunghwa Telecom were worth $115,859,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently made changes to their positions in the company. Adviser Investments LLC acquired a new stake in Chunghwa Telecom in the 1st quarter valued at $101,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. acquired a new stake in Chunghwa Telecom in the 1st quarter valued at $117,000. Cypress Wealth Advisors LLC acquired a new stake in Chunghwa Telecom in the 1st quarter valued at $202,000. Evergreen Capital Management LLC acquired a new stake in Chunghwa Telecom in the 1st quarter valued at $224,000. Finally, Segall Bryant & Hamill LLC acquired a new stake in Chunghwa Telecom in the 1st quarter valued at $233,000. 2.96% of the stock is currently owned by institutional investors and hedge funds.
Shares of CHT stock opened at $34.77 on Friday. The firm has a market capitalization of $27.03 billion, a P/E ratio of 21.20 and a beta of 0.28. Chunghwa Telecom Co., Ltd has a one year low of $33.54 and a one year high of $39.33.
Chunghwa Telecom (NYSE:CHT) last announced its quarterly earnings results on Monday, July 30th. The utilities provider reported $0.43 EPS for the quarter. The business had revenue of $1.80 billion for the quarter. Chunghwa Telecom had a return on equity of 9.80% and a net margin of 16.45%.
The firm also recently disclosed an annual dividend, which was paid on Friday, August 31st. Shareholders of record on Monday, July 23rd were given a $1.5901 dividend. The ex-dividend date was Friday, July 20th. This represents a yield of 4.39%. Chunghwa Telecom’s payout ratio is 73.78%.
Several analysts recently commented on the company. Deutsche Bank lowered Chunghwa Telecom from a “hold” rating to a “sell” rating in a research note on Tuesday, July 10th. Morgan Stanley lowered Chunghwa Telecom from an “equal weight” rating to an “underweight” rating in a research note on Tuesday, August 7th.
Chunghwa Telecom Company Profile
Chunghwa Telecom Co, Ltd. provides telecommunication services in Taiwan. It operates through Domestic Fixed Communications Business, Mobile Communications Business, Internet Business, International Fixed Communications Business, and Other Business segments. It offers local and domestic long distance telephone and leased line, broadband access, Wi-Fi, and multimedia on demand services; information and communication technology (ICT), corporate, and bill handling services; and interconnection with its fixed-line network to other mobile and fixed-line operators.
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