Public Employees Retirement System of Ohio bought a new stake in shares of Chunghwa Telecom Co., Ltd. (NYSE:CHT - Free Report) in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm bought 103,231 shares of the utilities provider's stock, valued at approximately $4,095,000.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Allworth Financial LP boosted its position in Chunghwa Telecom by 40.5% during the third quarter. Allworth Financial LP now owns 919 shares of the utilities provider's stock worth $36,000 after acquiring an additional 265 shares during the last quarter. BSW Wealth Partners acquired a new stake in shares of Chunghwa Telecom during the third quarter worth $208,000. Waldron Private Wealth LLC purchased a new stake in shares of Chunghwa Telecom in the third quarter valued at $217,000. Mizuho Securities Co. Ltd. grew its position in shares of Chunghwa Telecom by 86.6% in the second quarter. Mizuho Securities Co. Ltd. now owns 6,472 shares of the utilities provider's stock valued at $250,000 after purchasing an additional 3,003 shares during the period. Finally, Foster Group Inc. increased its stake in Chunghwa Telecom by 4.6% in the second quarter. Foster Group Inc. now owns 6,760 shares of the utilities provider's stock valued at $261,000 after purchasing an additional 299 shares during the last quarter. Institutional investors and hedge funds own 2.11% of the company's stock.
Chunghwa Telecom Trading Down 0.7 %
CHT stock traded down $0.25 on Monday, hitting $37.92. 91,664 shares of the company were exchanged, compared to its average volume of 87,564. The stock has a market capitalization of $29.42 billion, a price-to-earnings ratio of 25.97, a price-to-earnings-growth ratio of 18.43 and a beta of 0.19. The business's fifty day moving average is $38.03 and its two-hundred day moving average is $38.22. Chunghwa Telecom Co., Ltd. has a twelve month low of $35.92 and a twelve month high of $40.62. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.47 and a quick ratio of 1.29.
About Chunghwa Telecom
(
Free Report)
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.
Further Reading
Before you consider Chunghwa Telecom, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Chunghwa Telecom wasn't on the list.
While Chunghwa Telecom currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Need to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.