First Affirmative Financial Network Acquires 655 Shares of Chunghwa Telecom Co., Ltd. (NYSE:CHT)

First Affirmative Financial Network boosted its holdings in Chunghwa Telecom Co., Ltd. (NYSE:CHT) by 2.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 31,156 shares of the utilities provider’s stock after purchasing an additional 655 shares during the quarter. First Affirmative Financial Network’s holdings in Chunghwa Telecom were worth $1,173,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Allworth Financial LP grew its position in Chunghwa Telecom by 40.5% in the third quarter. Allworth Financial LP now owns 919 shares of the utilities provider’s stock worth $36,000 after acquiring an additional 265 shares in the last quarter. Sivia Capital Partners LLC lifted its stake in shares of Chunghwa Telecom by 4.2% in the 4th quarter. Sivia Capital Partners LLC now owns 9,785 shares of the utilities provider’s stock valued at $368,000 after purchasing an additional 391 shares during the last quarter. OneDigital Investment Advisors LLC lifted its stake in shares of Chunghwa Telecom by 6.2% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 7,964 shares of the utilities provider’s stock valued at $316,000 after purchasing an additional 468 shares during the last quarter. Atomi Financial Group Inc. boosted its holdings in shares of Chunghwa Telecom by 17.6% in the 4th quarter. Atomi Financial Group Inc. now owns 7,616 shares of the utilities provider’s stock worth $287,000 after purchasing an additional 1,140 shares during the period. Finally, Foster Group Inc. increased its position in shares of Chunghwa Telecom by 19.5% during the 4th quarter. Foster Group Inc. now owns 7,564 shares of the utilities provider’s stock valued at $285,000 after purchasing an additional 1,234 shares during the last quarter. 2.11% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Chunghwa Telecom from a “hold” rating to a “buy” rating in a research report on Friday, January 24th.

Chunghwa Telecom Price Performance

CHT stock opened at $38.94 on Thursday. The stock has a market cap of $30.20 billion, a PE ratio of 26.67, a P/E/G ratio of 19.75 and a beta of 0.20. Chunghwa Telecom Co., Ltd. has a 12 month low of $35.92 and a 12 month high of $40.62. The company has a 50-day moving average price of $37.97 and a 200 day moving average price of $38.07. The company has a current ratio of 1.47, a quick ratio of 1.29 and a debt-to-equity ratio of 0.06.

Chunghwa Telecom (NYSE:CHT) last announced its earnings results on Thursday, January 23rd. The utilities provider reported $0.36 earnings per share (EPS) for the quarter. Chunghwa Telecom had a return on equity of 9.25% and a net margin of 16.09%. Equities research analysts anticipate that Chunghwa Telecom Co., Ltd. will post 1.47 earnings per share for the current year.

Chunghwa Telecom Profile

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.