Vanguard Group Inc. Has $82.99 Million Holdings in Chunghwa Telecom Co., Ltd. (NYSE:CHT)

Vanguard Group Inc. cut its stake in Chunghwa Telecom Co., Ltd. (NYSE:CHT - Free Report) by 2.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,204,234 shares of the utilities provider's stock after selling 62,417 shares during the quarter. Vanguard Group Inc. owned approximately 0.28% of Chunghwa Telecom worth $82,989,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of CHT. Sierra Ocean LLC acquired a new stake in Chunghwa Telecom during the fourth quarter worth approximately $54,000. GAMMA Investing LLC lifted its holdings in Chunghwa Telecom by 71.4% during the 4th quarter. GAMMA Investing LLC now owns 3,085 shares of the utilities provider's stock worth $116,000 after purchasing an additional 1,285 shares during the last quarter. R Squared Ltd bought a new stake in Chunghwa Telecom in the 4th quarter valued at $127,000. V Square Quantitative Management LLC increased its position in Chunghwa Telecom by 31.0% during the 4th quarter. V Square Quantitative Management LLC now owns 4,065 shares of the utilities provider's stock worth $153,000 after buying an additional 961 shares during the period. Finally, Lindbrook Capital LLC lifted its holdings in shares of Chunghwa Telecom by 35.6% during the fourth quarter. Lindbrook Capital LLC now owns 5,257 shares of the utilities provider's stock worth $198,000 after buying an additional 1,379 shares in the last quarter. Institutional investors and hedge funds own 2.11% of the company's stock.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Chunghwa Telecom from a "buy" rating to a "hold" rating in a research note on Monday.

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Chunghwa Telecom Price Performance

Shares of CHT stock traded up $0.17 during trading on Tuesday, hitting $40.00. The company had a trading volume of 2,046 shares, compared to its average volume of 117,912. The firm has a market capitalization of $31.03 billion, a P/E ratio of 26.84, a price-to-earnings-growth ratio of 21.42 and a beta of 0.22. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.29 and a current ratio of 1.47. The stock's 50-day moving average price is $38.94 and its 200 day moving average price is $38.37. Chunghwa Telecom Co., Ltd. has a one year low of $35.92 and a one year high of $40.62.

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