PDS Planning Inc Lowers Position in Chunghwa Telecom Co., Ltd. (NYSE:CHT)

PDS Planning Inc cut its stake in Chunghwa Telecom Co., Ltd. (NYSE:CHT) by 4.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,310 shares of the utilities provider’s stock after selling 450 shares during the period. PDS Planning Inc’s holdings in Chunghwa Telecom were worth $403,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of CHT. Foster Group Inc. grew its position in Chunghwa Telecom by 4.1% in the 3rd quarter. Foster Group Inc. now owns 7,762 shares of the utilities provider’s stock worth $279,000 after purchasing an additional 305 shares during the period. Lindbrook Capital LLC grew 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 worth $153,000 after purchasing an additional 380 shares during the period. CWM LLC grew its position in Chunghwa Telecom by 18.4% in the 3rd quarter. CWM LLC now owns 2,622 shares of the utilities provider’s stock worth $94,000 after purchasing an additional 408 shares during the period. PNC Financial Services Group Inc. grew its position in Chunghwa Telecom by 3.7% in the 3rd quarter. PNC Financial Services Group Inc. now owns 14,092 shares of the utilities provider’s stock worth $506,000 after purchasing an additional 503 shares during the period. Finally, Signaturefd LLC grew its position in Chunghwa Telecom by 2.3% in the 3rd quarter. Signaturefd LLC now owns 24,983 shares of the utilities provider’s stock worth $898,000 after purchasing an additional 561 shares during the period. 2.11% of the stock is currently owned by hedge funds and other institutional investors.

Chunghwa Telecom Stock Performance

Shares of Chunghwa Telecom stock traded up $0.02 on Tuesday, hitting $38.56. 9,810 shares of the company’s stock were exchanged, compared to its average volume of 81,309. The company has a 50-day simple moving average of $38.60 and a 200-day simple moving average of $37.85. The stock has a market capitalization of $29.91 billion, a PE ratio of 25.19 and a beta of 0.17. Chunghwa Telecom Co., Ltd. has a 1 year low of $35.44 and a 1 year high of $41.58. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.35 and a current ratio of 1.52.

Chunghwa Telecom (NYSE:CHT) last posted its earnings results on Tuesday, January 30th. The utilities provider reported $0.33 earnings per share for the quarter. Chunghwa Telecom had a net margin of 16.57% and a return on equity of 9.38%. The firm had revenue of $1.94 billion for the quarter. As a group, equities analysts anticipate that Chunghwa Telecom Co., Ltd. will post 1.5 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Chunghwa Telecom from a “buy” rating to a “hold” rating in a research note on Thursday, February 22nd.

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.