Chunghwa Telecom Co., Ltd. (NYSE:CHT) is Mizuho Securities Co. Ltd.'s 2nd Largest Position

Mizuho Securities Co. Ltd. grew its holdings in shares of Chunghwa Telecom Co., Ltd. (NYSE:CHT - Free Report) by 163.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,493 shares of the utilities provider's stock after buying an additional 9,000 shares during the period. Chunghwa Telecom accounts for about 8.3% of Mizuho Securities Co. Ltd.'s investment portfolio, making the stock its 2nd biggest holding. Mizuho Securities Co. Ltd.'s holdings in Chunghwa Telecom were worth $550,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in CHT. Connor Clark & Lunn Investment Management Ltd. increased its stake in Chunghwa Telecom by 6.0% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 970,763 shares of the utilities provider's stock valued at $36,549,000 after buying an additional 54,910 shares during the period. Rhumbline Advisers increased its stake in shares of Chunghwa Telecom by 1.3% during the fourth quarter. Rhumbline Advisers now owns 255,514 shares of the utilities provider's stock valued at $9,620,000 after acquiring an additional 3,393 shares during the period. American Century Companies Inc. increased its stake in shares of Chunghwa Telecom by 15.3% during the fourth quarter. American Century Companies Inc. now owns 255,122 shares of the utilities provider's stock valued at $9,605,000 after acquiring an additional 33,831 shares during the period. Mondrian Investment Partners LTD raised its holdings in Chunghwa Telecom by 101.4% during the fourth quarter. Mondrian Investment Partners LTD now owns 236,641 shares of the utilities provider's stock worth $9,191,000 after purchasing an additional 119,143 shares in the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new stake in Chunghwa Telecom in the third quarter worth approximately $4,095,000. 2.11% of the stock is currently owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

Separately, StockNews.com upgraded Chunghwa Telecom from a "hold" rating to a "buy" rating in a research report on Monday, March 17th.

Chunghwa Telecom Price Performance

Chunghwa Telecom stock traded down $0.21 during midday trading on Friday, hitting $39.25. The company's stock had a trading volume of 118,833 shares, compared to its average volume of 92,721. The stock's 50-day moving average price is $38.84 and its 200-day moving average price is $38.42. The company has a market capitalization of $30.45 billion, a PE ratio of 26.34, a price-to-earnings-growth ratio of 21.42 and a beta of 0.19. The company has a quick ratio of 1.29, a current ratio of 1.47 and a debt-to-equity ratio of 0.06. Chunghwa Telecom Co., Ltd. has a 12 month low of $35.92 and a 12 month high of $40.62.

Chunghwa Telecom (NYSE:CHT - Get Free Report) last issued its earnings results 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%. Analysts anticipate that Chunghwa Telecom Co., Ltd. will post 1.44 earnings per share 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.