D Orazio & Associates Inc. Trims Stock Holdings in Chunghwa Telecom Co., Ltd. (NYSE:CHT)

D Orazio & Associates Inc. trimmed its stake in shares of Chunghwa Telecom Co., Ltd. (NYSE:CHT) by 20.1% during the third quarter, HoldingsChannel.com reports. The firm owned 5,558 shares of the utilities provider’s stock after selling 1,396 shares during the quarter. D Orazio & Associates Inc.’s holdings in Chunghwa Telecom were worth $220,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Allworth Financial LP lifted its holdings in shares of Chunghwa Telecom by 40.5% in the third quarter. Allworth Financial LP now owns 919 shares of the utilities provider’s stock worth $36,000 after buying an additional 265 shares in the last quarter. GAMMA Investing LLC grew its position in Chunghwa Telecom by 14.2% during the second quarter. GAMMA Investing LLC now owns 2,543 shares of the utilities provider’s stock worth $98,000 after buying an additional 317 shares in the last quarter. V Square Quantitative Management LLC bought a new position in Chunghwa Telecom in the 2nd quarter worth about $120,000. EverSource Wealth Advisors LLC raised its holdings in shares of Chunghwa Telecom by 80.1% in the 1st quarter. EverSource Wealth Advisors LLC now owns 3,345 shares of the utilities provider’s stock valued at $126,000 after acquiring an additional 1,488 shares in the last quarter. Finally, CWM LLC grew its holdings in shares of Chunghwa Telecom by 31.8% during the second quarter. CWM LLC now owns 3,443 shares of the utilities provider’s stock worth $133,000 after purchasing an additional 830 shares in the last quarter. Hedge funds and other institutional investors own 2.11% of the company’s stock.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. downgraded shares of Chunghwa Telecom from an “overweight” rating to a “neutral” rating in a research note on Tuesday, August 6th.

Chunghwa Telecom Price Performance

NYSE CHT traded up $0.11 during trading hours on Wednesday, reaching $37.81. 12,024 shares of the stock traded hands, compared to its average volume of 83,032. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.47 and a quick ratio of 1.16. The stock has a 50 day simple moving average of $38.56 and a two-hundred day simple moving average of $38.32. Chunghwa Telecom Co., Ltd. has a 1 year low of $35.92 and a 1 year high of $40.62. The company has a market cap of $29.33 billion, a price-to-earnings ratio of 25.86, a price-to-earnings-growth ratio of 18.20 and a beta of 0.19.

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.