Catalina Capital Group LLC Invests $520,000 in Chunghwa Telecom Co., Ltd. (NYSE:CHT)

Catalina Capital Group LLC purchased a new stake in shares of Chunghwa Telecom Co., Ltd. (NYSE:CHT) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 13,295 shares of the utilities provider’s stock, valued at approximately $520,000.

Other hedge funds have also bought and sold shares of the company. Sequoia Financial Advisors LLC increased its position in shares of Chunghwa Telecom by 16.9% during the 4th quarter. Sequoia Financial Advisors LLC now owns 19,675 shares of the utilities provider’s stock valued at $769,000 after purchasing an additional 2,847 shares during the last quarter. Ieq Capital LLC grew its position in shares of Chunghwa Telecom by 4.7% during the 4th quarter. Ieq Capital LLC now owns 6,073 shares of the utilities provider’s stock valued at $237,000 after acquiring an additional 271 shares during the period. Blue Trust Inc. grew its stake in shares of Chunghwa Telecom by 17.4% during the 4th quarter. Blue Trust Inc. now owns 11,858 shares of the utilities provider’s stock worth $427,000 after acquiring an additional 1,758 shares during the period. Lindbrook Capital LLC raised its stake in Chunghwa Telecom by 10.7% in the 4th quarter. Lindbrook Capital LLC now owns 3,919 shares of the utilities provider’s stock valued at $153,000 after acquiring an additional 380 shares during the period. Finally, EWA LLC lifted its holdings in Chunghwa Telecom by 30.0% during the fourth quarter. EWA LLC now owns 8,464 shares of the utilities provider’s stock valued at $323,000 after purchasing an additional 1,954 shares during the last quarter. 2.11% of the stock is currently owned by institutional investors.

Chunghwa Telecom Stock Performance

NYSE:CHT traded up $0.06 on Wednesday, reaching $36.18. 79,926 shares of the company’s stock were exchanged, compared to its average volume of 74,577. The stock has a fifty day simple moving average of $38.76 and a 200-day simple moving average of $38.57. Chunghwa Telecom Co., Ltd. has a 52 week low of $35.44 and a 52 week high of $39.78. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.83 and a quick ratio of 1.64. The firm has a market cap of $28.07 billion, a price-to-earnings ratio of 24.12 and a beta of 0.18.

Chunghwa Telecom (NYSE:CHT) last released its quarterly earnings data on Thursday, May 2nd. The utilities provider reported $0.38 earnings per share for the quarter. The business had revenue of $1.75 billion during the quarter. Chunghwa Telecom had a net margin of 16.40% and a return on equity of 9.31%.

Chunghwa Telecom Cuts Dividend

The business also recently disclosed an annual dividend, which will be paid on Thursday, August 15th. Investors of record on Wednesday, July 3rd will be paid a dividend of $1.4736 per share. The ex-dividend date is Wednesday, July 3rd. This represents a dividend yield of 2.9%. Chunghwa Telecom’s payout ratio is 76.00%.

Chunghwa Telecom 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.