Banco de Sabadell S.A decreased its holdings in Chunghwa Telecom Co., Ltd (NYSE:CHT) by 31.1% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 24,397 shares of the utilities provider’s stock after selling 11,004 shares during the quarter. Banco de Sabadell S.A’s holdings in Chunghwa Telecom were worth $875,000 at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. Aperio Group LLC raised its position in Chunghwa Telecom by 11.4% in the 2nd quarter. Aperio Group LLC now owns 1,333,223 shares of the utilities provider’s stock worth $47,889,000 after buying an additional 136,240 shares during the last quarter. TD Asset Management Inc. grew its stake in shares of Chunghwa Telecom by 1.4% during the 2nd quarter. TD Asset Management Inc. now owns 1,687,900 shares of the utilities provider’s stock valued at $60,629,000 after purchasing an additional 22,900 shares during the period. Schwab Charles Investment Management Inc. grew its stake in shares of Chunghwa Telecom by 5.5% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 403,145 shares of the utilities provider’s stock valued at $15,667,000 after purchasing an additional 20,944 shares during the period. Jane Street Group LLC grew its stake in shares of Chunghwa Telecom by 49.5% during the 1st quarter. Jane Street Group LLC now owns 17,082 shares of the utilities provider’s stock valued at $663,000 after purchasing an additional 5,655 shares during the period. Finally, Signaturefd LLC grew its stake in shares of Chunghwa Telecom by 60.2% during the 2nd quarter. Signaturefd LLC now owns 9,955 shares of the utilities provider’s stock valued at $358,000 after purchasing an additional 3,740 shares during the period. 2.87% of the stock is owned by institutional investors and hedge funds.
A number of equities research analysts have issued reports on CHT shares. Morgan Stanley downgraded Chunghwa Telecom from an “equal weight” rating to an “underweight” rating in a research note on Tuesday, August 7th. Deutsche Bank downgraded Chunghwa Telecom from a “hold” rating to a “sell” rating in a research note on Tuesday, July 10th.
Shares of Chunghwa Telecom stock traded up $0.04 during trading hours on Friday, reaching $35.16. 84,040 shares of the stock traded hands, compared to its average volume of 109,048. The company has a market cap of $27.86 billion, a P/E ratio of 21.44 and a beta of 0.29. 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 released its quarterly earnings results on Monday, July 30th. The utilities provider reported $0.43 earnings per share (EPS) for the quarter. The business had revenue of $1.80 billion during the quarter. Chunghwa Telecom had a return on equity of 9.80% and a net margin of 16.45%.
Chunghwa Telecom 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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