Blue Trust Inc. Reduces Holdings in Chunghwa Telecom Co., Ltd. (NYSE:CHT)

Blue Trust Inc. lowered its position in Chunghwa Telecom Co., Ltd. (NYSE:CHT - Free Report) by 55.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,510 shares of the utilities provider's stock after selling 20,383 shares during the quarter. Blue Trust Inc.'s holdings in Chunghwa Telecom were worth $622,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Allworth Financial LP increased its holdings in shares of Chunghwa Telecom by 40.5% in the 3rd quarter. Allworth Financial LP now owns 919 shares of the utilities provider's stock valued at $36,000 after acquiring an additional 265 shares during the period. GAMMA Investing LLC increased its stake in Chunghwa Telecom by 71.4% in the 4th quarter. GAMMA Investing LLC now owns 3,085 shares of the utilities provider's stock valued at $116,000 after buying an additional 1,285 shares during the period. R Squared Ltd purchased a new position in Chunghwa Telecom during the 4th quarter worth $127,000. V Square Quantitative Management LLC lifted its stake in shares of Chunghwa Telecom by 31.0% in the 4th quarter. V Square Quantitative Management LLC now owns 4,065 shares of the utilities provider's stock worth $153,000 after acquiring an additional 961 shares during the period. Finally, BSW Wealth Partners purchased a new stake in shares of Chunghwa Telecom in the third quarter valued at about $208,000. Hedge funds and other institutional investors own 2.11% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Chunghwa Telecom from a "hold" rating to a "buy" rating in a research report on Friday, January 24th.

Chunghwa Telecom Price Performance

Chunghwa Telecom stock traded up $0.44 during midday trading on Thursday, reaching $38.85. The company's stock had a trading volume of 72,920 shares, compared to its average volume of 100,443. The firm has a market capitalization of $30.14 billion, a PE ratio of 26.08, a P/E/G ratio of 21.38 and a beta of 0.20. Chunghwa Telecom Co., Ltd. has a fifty-two week low of $35.92 and a fifty-two week high of $40.62. The stock's 50 day simple moving average is $38.08 and its 200 day simple moving average is $38.27. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.29 and a current ratio of 1.47.

Chunghwa Telecom (NYSE:CHT - Get Free Report) last released its quarterly earnings data on Thursday, January 23rd. The utilities provider reported $0.36 EPS for the quarter. Chunghwa Telecom had a net margin of 16.18% and a return on equity of 9.53%. On average, equities research analysts forecast that Chunghwa Telecom Co., Ltd. will post 1.44 earnings per share for the current 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.