Chunghwa Telecom Co., Ltd. (NYSE:CHT) Shares Acquired by Blue Trust Inc.

Blue Trust Inc. lifted its stake in Chunghwa Telecom Co., Ltd. (NYSE:CHT) by 35.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 50,088 shares of the utilities provider’s stock after purchasing an additional 13,195 shares during the period. Blue Trust Inc.’s holdings in Chunghwa Telecom were worth $1,987,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Allworth Financial LP lifted its position in shares of Chunghwa Telecom by 40.5% during the 3rd quarter. Allworth Financial LP now owns 919 shares of the utilities provider’s stock valued at $36,000 after acquiring an additional 265 shares during the period. GAMMA Investing LLC raised its holdings in Chunghwa Telecom by 71.4% during the fourth quarter. GAMMA Investing LLC now owns 3,085 shares of the utilities provider’s stock worth $116,000 after purchasing an additional 1,285 shares during the last quarter. BSW Wealth Partners purchased a new stake in Chunghwa Telecom during the third quarter worth $208,000. Simon Quick Advisors LLC acquired a new stake in Chunghwa Telecom in the fourth quarter valued at $208,000. Finally, Waldron Private Wealth LLC purchased a new position in shares of Chunghwa Telecom in the third quarter valued at $217,000. Hedge funds and other institutional investors own 2.11% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Chunghwa Telecom Trading Up 1.2 %

Shares of Chunghwa Telecom stock opened at $39.38 on Tuesday. Chunghwa Telecom Co., Ltd. has a 1 year low of $35.92 and a 1 year high of $40.62. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.47 and a quick ratio of 1.29. The business has a 50 day moving average price of $37.92 and a 200 day moving average price of $38.03. The company has a market capitalization of $30.55 billion, a P/E ratio of 26.97, a P/E/G ratio of 19.75 and a beta of 0.20.

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

About Chunghwa Telecom

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.