Evergreen Capital Management LLC trimmed its position in shares of Chunghwa Telecom Co., Ltd (NYSE:CHT) by 27.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,115 shares of the utilities provider’s stock after selling 2,286 shares during the period. Evergreen Capital Management LLC’s holdings in Chunghwa Telecom were worth $217,000 as of its most recent SEC filing.
A number of other large investors have also recently modified their holdings of CHT. Comerica Bank raised its stake in shares of Chunghwa Telecom by 1.2% during the 4th quarter. Comerica Bank now owns 45,289 shares of the utilities provider’s stock worth $1,569,000 after acquiring an additional 526 shares in the last quarter. Parametric Portfolio Associates LLC increased its stake in Chunghwa Telecom by 10.0% during the 1st quarter. Parametric Portfolio Associates LLC now owns 756,329 shares of the utilities provider’s stock valued at $26,887,000 after purchasing an additional 68,821 shares in the last quarter. Natixis Advisors L.P. increased its stake in Chunghwa Telecom by 5.8% during the 4th quarter. Natixis Advisors L.P. now owns 33,351 shares of the utilities provider’s stock valued at $1,193,000 after purchasing an additional 1,827 shares in the last quarter. Henry James International Management Inc. acquired a new position in Chunghwa Telecom during the 4th quarter valued at approximately $394,000. Finally, TD Asset Management Inc. increased its stake in Chunghwa Telecom by 1.1% during the 4th quarter. TD Asset Management Inc. now owns 1,747,000 shares of the utilities provider’s stock valued at $62,525,000 after purchasing an additional 18,500 shares in the last quarter. Institutional investors own 2.35% of the company’s stock.
Chunghwa Telecom stock traded down $0.06 during mid-day trading on Friday, reaching $36.54. 34,199 shares of the company traded hands, compared to its average volume of 72,040. The firm has a market capitalization of $28.51 billion, a P/E ratio of 24.69 and a beta of 0.14. Chunghwa Telecom Co., Ltd has a fifty-two week low of $34.02 and a fifty-two week high of $36.92. The company has a fifty day moving average price of $35.95. The company has a quick ratio of 1.43, a current ratio of 1.66 and a debt-to-equity ratio of 0.02.
Chunghwa Telecom (NYSE:CHT) last released its quarterly earnings data on Monday, April 29th. The utilities provider reported $0.35 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.01. The firm had revenue of $1.66 billion for the quarter. Chunghwa Telecom had a net margin of 16.58% and a return on equity of 9.24%.
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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