PDS Planning Inc Sells 790 Shares of Chunghwa Telecom Co., Ltd. (NYSE:CHT)

PDS Planning Inc cut its stake in Chunghwa Telecom Co., Ltd. (NYSE:CHT) by 5.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. 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 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. O Shaughnessy Asset Management LLC grew its stake in Chunghwa Telecom by 27.7% in the first quarter. O Shaughnessy Asset Management LLC now owns 105,189 shares of the utilities provider’s stock worth $4,117,000 after purchasing an additional 22,835 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Chunghwa Telecom by 4.2% in the second quarter. Dimensional Fund Advisors LP now owns 407,062 shares of the utilities provider’s stock valued at $15,710,000 after acquiring an additional 16,428 shares in the last quarter. Creative Planning grew its holdings in Chunghwa Telecom by 32.7% during the 2nd quarter. Creative Planning now owns 123,493 shares of the utilities provider’s stock worth $4,768,000 after acquiring an additional 30,410 shares in the last quarter. Bank of Montreal Can raised 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 valued at $4,074,000 after purchasing an additional 66,441 shares in the last quarter. Finally, Blue Trust Inc. lifted its position in shares of Chunghwa Telecom by 88.0% in 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. Hedge funds and other institutional investors own 2.11% of the company’s stock.

Chunghwa Telecom Price Performance

Shares of CHT stock opened at $38.10 on Tuesday. The company has a market cap of $29.56 billion, a P/E ratio of 25.92, a PEG ratio of 18.28 and a beta of 0.19. 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 stock’s 50-day moving average is $38.66 and its 200 day moving average is $38.33. Chunghwa Telecom Co., Ltd. has a 1-year low of $35.72 and a 1-year high of $40.62.

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

Analysts Set New Price Targets

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

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.