PNC Financial Services Group Inc. Has $580,000 Position in Chunghwa Telecom Co., Ltd. (NYSE:CHT)

PNC Financial Services Group Inc. lifted its holdings in shares of Chunghwa Telecom Co., Ltd. (NYSE:CHT) by 5.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,835 shares of the utilities provider’s stock after purchasing an additional 743 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Chunghwa Telecom were worth $580,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Sequoia Financial Advisors LLC raised its position in shares of Chunghwa Telecom by 16.9% during the fourth quarter. Sequoia Financial Advisors LLC now owns 19,675 shares of the utilities provider’s stock worth $769,000 after purchasing an additional 2,847 shares during the period. Ieq Capital LLC raised its position in Chunghwa Telecom by 4.7% in the 4th quarter. Ieq Capital LLC now owns 6,073 shares of the utilities provider’s stock valued at $237,000 after buying an additional 271 shares during the last quarter. Blue Trust Inc. raised its position in Chunghwa Telecom by 17.4% in the 4th quarter. Blue Trust Inc. now owns 11,858 shares of the utilities provider’s stock valued at $427,000 after buying an additional 1,758 shares during the last quarter. Lindbrook Capital LLC raised its position in Chunghwa Telecom by 10.7% in the 4th quarter. Lindbrook Capital LLC now owns 3,919 shares of the utilities provider’s stock valued at $153,000 after buying an additional 380 shares during the last quarter. Finally, EWA LLC raised its position in Chunghwa Telecom by 30.0% in the 4th quarter. EWA LLC now owns 8,464 shares of the utilities provider’s stock valued at $323,000 after buying an additional 1,954 shares during the last quarter. Institutional investors and hedge funds own 2.11% of the company’s stock.

Chunghwa Telecom Stock Down 1.0 %

Shares of Chunghwa Telecom stock opened at $38.15 on Thursday. The business’s 50 day simple moving average is $38.85 and its 200 day simple moving average is $38.58. Chunghwa Telecom Co., Ltd. has a 52-week low of $35.44 and a 52-week high of $39.81. The firm has a market cap of $29.59 billion, a PE ratio of 25.43 and a beta of 0.19. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.64 and a current ratio of 1.83.

Chunghwa Telecom (NYSE:CHT) last announced its earnings results on Thursday, May 2nd. The utilities provider reported $0.38 earnings per share (EPS) for the quarter. Chunghwa Telecom had a return on equity of 9.31% and a net margin of 16.40%. The business had revenue of $1.75 billion for the quarter.

Chunghwa Telecom Cuts Dividend

The business also recently declared an annual dividend, which will be paid on Thursday, August 15th. Shareholders of record on Wednesday, July 3rd will be paid a $1.4736 dividend. The ex-dividend date is Wednesday, July 3rd. This represents a yield of 2.9%. Chunghwa Telecom’s dividend payout ratio is 76.67%.

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.