US Bancorp DE Raises Position in Chunghwa Telecom Co., Ltd. (NYSE:CHT)

US Bancorp DE increased its holdings in Chunghwa Telecom Co., Ltd. (NYSE:CHT) by 15.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 33,206 shares of the utilities provider’s stock after purchasing an additional 4,416 shares during the quarter. US Bancorp DE’s holdings in Chunghwa Telecom were worth $1,250,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in CHT. Connor Clark & Lunn Investment Management Ltd. raised its position in Chunghwa Telecom by 120.5% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 915,853 shares of the utilities provider’s stock worth $36,332,000 after purchasing an additional 500,475 shares during the period. Public Employees Retirement System of Ohio purchased a new position in Chunghwa Telecom in the 3rd quarter worth $4,095,000. Ballentine Partners LLC raised its position in Chunghwa Telecom by 66.8% in the 4th quarter. Ballentine Partners LLC now owns 42,383 shares of the utilities provider’s stock worth $1,596,000 after purchasing an additional 16,977 shares during the period. Blue Trust Inc. raised its position in Chunghwa Telecom by 35.8% in the 4th quarter. Blue Trust Inc. now owns 50,088 shares of the utilities provider’s stock worth $1,987,000 after purchasing an additional 13,195 shares during the period. Finally, Kathmere Capital Management LLC raised its position in Chunghwa Telecom by 59.5% in the 4th quarter. Kathmere Capital Management LLC now owns 34,401 shares of the utilities provider’s stock worth $1,295,000 after purchasing an additional 12,828 shares during the period. Hedge funds and other institutional investors own 2.11% of the company’s stock.

Analysts Set New Price Targets

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

Chunghwa Telecom Price Performance

Shares of Chunghwa Telecom stock opened at $39.16 on Friday. The firm has a market cap of $30.37 billion, a PE ratio of 26.28, a price-to-earnings-growth ratio of 21.42 and a beta of 0.19. Chunghwa Telecom Co., Ltd. has a 12-month low of $35.92 and a 12-month high of $40.62. The company has a quick ratio of 1.29, a current ratio of 1.47 and a debt-to-equity ratio of 0.06. The company’s fifty day simple moving average is $38.33 and its two-hundred day simple moving average is $38.38.

Chunghwa Telecom (NYSE:CHT) last announced its quarterly earnings results on Thursday, January 23rd. The utilities provider reported $0.36 earnings per share (EPS) for the quarter. Chunghwa Telecom had a net margin of 16.18% and a return on equity of 9.53%. As a group, equities analysts expect that Chunghwa Telecom Co., Ltd. will post 1.44 EPS 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.