PDS Planning Inc Decreases Stake in Chunghwa Telecom Co., Ltd. $CHT

PDS Planning Inc lowered its position in Chunghwa Telecom Co., Ltd. (NYSE:CHT) by 10.4% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 16,095 shares of the utilities provider’s stock after selling 1,860 shares during the quarter. PDS Planning Inc’s holdings in Chunghwa Telecom were worth $750,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in CHT. Ameritas Advisory Services LLC purchased a new stake in Chunghwa Telecom in the 2nd quarter worth about $25,000. Cullen Frost Bankers Inc. purchased a new stake in Chunghwa Telecom in the 1st quarter worth about $41,000. Advisors Asset Management Inc. purchased a new position in shares of Chunghwa Telecom in the first quarter valued at $92,000. SVB Wealth LLC purchased a new position in shares of Chunghwa Telecom in the first quarter valued at $120,000. Finally, GAMMA Investing LLC grew its position in shares of Chunghwa Telecom by 66.8% in the first quarter. GAMMA Investing LLC now owns 5,146 shares of the utilities provider’s stock valued at $202,000 after purchasing an additional 2,061 shares in the last quarter. Hedge funds and other institutional investors own 2.11% of the company’s stock.

Chunghwa Telecom Price Performance

Shares of NYSE CHT opened at $42.87 on Friday. Chunghwa Telecom Co., Ltd. has a fifty-two week low of $36.61 and a fifty-two week high of $47.03. The company has a current ratio of 1.15, a quick ratio of 1.05 and a debt-to-equity ratio of 0.06. The stock has a fifty day moving average of $44.28 and a 200-day moving average of $43.38.

Chunghwa Telecom (NYSE:CHT) last announced its quarterly earnings results on Tuesday, August 5th. The utilities provider reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.01. Chunghwa Telecom had a return on equity of 9.72% and a net margin of 16.27%.The company had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $55.92 billion. Sell-side analysts forecast that Chunghwa Telecom Co., Ltd. will post 1.44 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Chunghwa Telecom in a research report on Wednesday. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.

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.