Mizuho Securities Co. Ltd. Lowers Position in Chunghwa Telecom Co., Ltd. (NYSE:CHT)

Mizuho Securities Co. Ltd. lowered its stake in shares of Chunghwa Telecom Co., Ltd. (NYSE:CHT) by 15.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,493 shares of the utilities provider’s stock after selling 979 shares during the period. Mizuho Securities Co. Ltd.’s holdings in Chunghwa Telecom were worth $218,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Bank of Montreal Can lifted its stake in shares of Chunghwa Telecom by 178.8% in the 2nd quarter. Bank of Montreal Can now owns 103,593 shares of the utilities provider’s stock valued at $4,074,000 after purchasing an additional 66,441 shares in the last quarter. Creative Planning lifted its position in Chunghwa Telecom by 32.7% during the second quarter. Creative Planning now owns 123,493 shares of the utilities provider’s stock valued at $4,768,000 after buying an additional 30,410 shares in the last quarter. O Shaughnessy Asset Management LLC grew its stake in Chunghwa Telecom by 27.7% during the first quarter. O Shaughnessy Asset Management LLC now owns 105,189 shares of the utilities provider’s stock worth $4,117,000 after buying an additional 22,835 shares during the period. Vanguard Personalized Indexing Management LLC increased its position in shares of Chunghwa Telecom by 31.8% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 86,453 shares of the utilities provider’s stock worth $3,338,000 after acquiring an additional 20,846 shares in the last quarter. Finally, Blue Trust Inc. boosted its position in Chunghwa Telecom by 88.0% during the 3rd quarter. Blue Trust Inc. now owns 36,893 shares of the utilities provider’s stock worth $1,424,000 after purchasing an additional 17,270 shares during the period. Institutional investors and hedge funds own 2.11% of the company’s stock.

Analysts Set New Price Targets

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

Chunghwa Telecom Stock Performance

Shares of CHT stock traded up $0.11 on Wednesday, hitting $37.81. 15,580 shares of the stock traded hands, compared to its average volume of 83,059. The company’s fifty day moving average is $38.56 and its 200 day moving average is $38.32. Chunghwa Telecom Co., Ltd. has a 1-year low of $35.92 and a 1-year high of $40.62. The company has a market capitalization of $29.33 billion, a PE ratio of 25.90, a PEG ratio of 18.20 and a beta of 0.19. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.47 and a quick ratio of 1.16.

Chunghwa Telecom Company 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.