PDS Planning Inc Cuts Position in Chunghwa Telecom Co., Ltd. (NYSE:CHT)

PDS Planning Inc trimmed its holdings in shares of Chunghwa Telecom Co., Ltd. (NYSE:CHT) by 5.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 13,568 shares of the utilities provider’s stock after selling 790 shares during the period. PDS Planning Inc’s holdings in Chunghwa Telecom were worth $538,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in CHT. O Shaughnessy Asset Management LLC increased its stake in Chunghwa Telecom by 27.7% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 105,189 shares of the utilities provider’s stock valued at $4,117,000 after purchasing an additional 22,835 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Chunghwa Telecom by 4.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 407,062 shares of the utilities provider’s stock worth $15,710,000 after acquiring an additional 16,428 shares during the last quarter. Creative Planning lifted its position in Chunghwa Telecom by 32.7% in the 2nd quarter. Creative Planning now owns 123,493 shares of the utilities provider’s stock valued at $4,768,000 after acquiring an additional 30,410 shares in the last quarter. Bank of Montreal Can increased its holdings 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 worth $4,074,000 after purchasing an additional 66,441 shares in the last quarter. Finally, Blue Trust Inc. raised its stake in shares of Chunghwa Telecom by 88.0% in the third 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 last quarter. 2.11% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Chunghwa Telecom Trading Up 0.6 %

NYSE:CHT opened at $38.10 on Tuesday. The company has a current ratio of 1.28, a quick ratio of 1.16 and a debt-to-equity ratio of 0.08. Chunghwa Telecom Co., Ltd. has a 12 month low of $35.72 and a 12 month high of $40.62. The company has a market cap of $29.56 billion, a PE ratio of 25.92, a price-to-earnings-growth ratio of 18.28 and a beta of 0.19. The company has a 50 day simple moving average of $38.66 and a two-hundred day simple moving average of $38.33.

Chunghwa Telecom (NYSE:CHT) last released its quarterly earnings results on Tuesday, August 6th. The utilities provider reported $0.39 earnings per share (EPS) for the quarter. Chunghwa Telecom had a return on equity of 9.27% and a net margin of 16.27%. The business had revenue of $1.67 billion during the quarter. Research analysts forecast that Chunghwa Telecom Co., Ltd. will post 1.49 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.