Blue Trust Inc. Has $1.42 Million Stock Holdings in Chunghwa Telecom Co., Ltd. (NYSE:CHT)

Blue Trust Inc. increased its position in Chunghwa Telecom Co., Ltd. (NYSE:CHT) by 88.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 36,893 shares of the utilities provider’s stock after purchasing an additional 17,270 shares during the quarter. Blue Trust Inc.’s holdings in Chunghwa Telecom were worth $1,424,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its position in shares of Chunghwa Telecom by 50.2% during the 1st quarter. GAMMA Investing LLC now owns 2,226 shares of the utilities provider’s stock worth $87,000 after buying an additional 744 shares during the period. V Square Quantitative Management LLC acquired a new stake in Chunghwa Telecom during the 2nd quarter worth $120,000. EverSource Wealth Advisors LLC raised its position in shares of Chunghwa Telecom by 80.1% during the 1st quarter. EverSource Wealth Advisors LLC now owns 3,345 shares of the utilities provider’s stock valued at $126,000 after acquiring an additional 1,488 shares during the last quarter. CWM LLC lifted its stake in shares of Chunghwa Telecom by 31.8% in the 2nd quarter. CWM LLC now owns 3,443 shares of the utilities provider’s stock valued at $133,000 after purchasing an additional 830 shares during the period. Finally, Simplicity Wealth LLC boosted its position in shares of Chunghwa Telecom by 8.4% in the 2nd quarter. Simplicity Wealth LLC now owns 5,755 shares of the utilities provider’s stock worth $222,000 after purchasing an additional 445 shares during the last quarter. 2.11% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. cut Chunghwa Telecom from an “overweight” rating to a “neutral” rating in a report on Tuesday, August 6th.

Chunghwa Telecom Trading Up 1.0 %

NYSE:CHT opened at $38.50 on Friday. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.28 and a quick ratio of 1.16. The business’s 50-day simple moving average is $38.74 and its 200-day simple moving average is $38.40. Chunghwa Telecom Co., Ltd. has a fifty-two week low of $35.44 and a fifty-two week high of $40.62. The stock has a market capitalization of $29.87 billion, a PE ratio of 26.19, a price-to-earnings-growth ratio of 18.59 and a beta of 0.19.

Chunghwa Telecom (NYSE:CHT) last announced its quarterly earnings results on Tuesday, August 6th. The utilities provider reported $0.39 earnings per share for the quarter. Chunghwa Telecom had a net margin of 16.27% and a return on equity of 9.27%. The firm had revenue of $1.67 billion for the quarter. Sell-side analysts expect that Chunghwa Telecom Co., Ltd. will post 1.49 earnings per share for the current fiscal 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.