Chunghwa Telecom Co., Ltd. (NYSE:CHT) Shares Bought by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans boosted its stake in shares of Chunghwa Telecom Co., Ltd. (NYSE:CHT) by 117.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,434 shares of the utilities provider’s stock after acquiring an additional 8,341 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Chunghwa Telecom were worth $596,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. O Shaughnessy Asset Management LLC boosted its holdings in Chunghwa Telecom by 27.7% during the first quarter. O Shaughnessy Asset Management LLC now owns 105,189 shares of the utilities provider’s stock worth $4,117,000 after buying an additional 22,835 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake 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 valued at $15,710,000 after buying an additional 16,428 shares in the last quarter. Sequoia Financial Advisors LLC boosted its holdings in Chunghwa Telecom by 8.8% in the 1st quarter. Sequoia Financial Advisors LLC now owns 21,409 shares of the utilities provider’s stock worth $838,000 after buying an additional 1,734 shares during the last quarter. GAMMA Investing LLC increased its stake in Chunghwa Telecom by 14.2% during the 2nd quarter. GAMMA Investing LLC now owns 2,543 shares of the utilities provider’s stock worth $98,000 after buying an additional 317 shares in the last quarter. Finally, Orion Portfolio Solutions LLC raised its holdings in shares of Chunghwa Telecom by 3.8% during the first quarter. Orion Portfolio Solutions LLC now owns 47,354 shares of the utilities provider’s stock valued at $1,853,000 after acquiring an additional 1,751 shares during the last quarter. Hedge funds and other institutional investors own 2.11% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Chunghwa Telecom Price Performance

Chunghwa Telecom stock opened at $38.14 on Wednesday. The company has a fifty day simple moving average of $38.59 and a 200-day simple moving average of $38.46. The company has a quick ratio of 1.16, a current ratio of 1.28 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $29.59 billion, a price-to-earnings ratio of 25.43, a PEG ratio of 18.75 and a beta of 0.19. Chunghwa Telecom Co., Ltd. has a 52-week low of $35.44 and a 52-week high of $40.62.

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

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.