Allspring Global Investments Holdings LLC Purchases 6,087 Shares of Chunghwa Telecom Co., Ltd. (NYSE:CHT)

Allspring Global Investments Holdings LLC grew its position in shares of Chunghwa Telecom Co., Ltd. (NYSE:CHT) by 27.9% during the third quarter, according to its most recent filing with the SEC. The firm owned 27,887 shares of the utilities provider’s stock after acquiring an additional 6,087 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Chunghwa Telecom were worth $1,106,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP lifted its position in Chunghwa Telecom by 4.2% during the 2nd 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 during the period. American Century Companies Inc. increased its stake in shares of Chunghwa Telecom by 5.9% during the second quarter. American Century Companies Inc. now owns 179,356 shares of the utilities provider’s stock valued at $6,925,000 after purchasing an additional 9,968 shares in the last quarter. Creative Planning lifted its holdings in shares of Chunghwa Telecom by 1.1% during the third quarter. Creative Planning now owns 124,913 shares of the utilities provider’s stock valued at $4,955,000 after purchasing an additional 1,420 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its position in shares of Chunghwa Telecom by 27.7% in the 1st 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. Finally, Bank of Montreal Can grew its stake 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 worth $4,074,000 after buying an additional 66,441 shares during the last quarter. Institutional investors own 2.11% of the company’s stock.

Analyst Upgrades and Downgrades

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

Chunghwa Telecom Trading Down 0.4 %

Shares of CHT stock opened at $37.67 on Friday. The stock’s 50-day moving average price is $38.70 and its 200-day moving average price is $38.33. Chunghwa Telecom Co., Ltd. has a 12-month low of $35.63 and a 12-month high of $40.62. The stock has a market capitalization of $29.22 billion, a price-to-earnings ratio of 25.11, a price-to-earnings-growth ratio of 18.25 and a beta of 0.19. The company has a current ratio of 1.28, a quick ratio of 1.16 and a debt-to-equity ratio of 0.08.

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