PDS Planning Inc Boosts Stock Position in Chunghwa Telecom Co., Ltd. (NYSE:CHT)

PDS Planning Inc grew its stake in shares of Chunghwa Telecom Co., Ltd. (NYSE:CHT) by 14.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,532 shares of the utilities provider’s stock after buying an additional 1,964 shares during the period. PDS Planning Inc’s holdings in Chunghwa Telecom were worth $585,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Chunghwa Telecom by 120.5% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 915,853 shares of the utilities provider’s stock valued at $36,332,000 after buying an additional 500,475 shares in the last quarter. Barclays PLC purchased a new position in shares of Chunghwa Telecom during the 3rd quarter valued at about $397,000. Ballentine Partners LLC lifted its position in shares of Chunghwa Telecom by 66.8% during the 4th quarter. Ballentine Partners LLC now owns 42,383 shares of the utilities provider’s stock valued at $1,596,000 after buying an additional 16,977 shares in the last quarter. US Bancorp DE lifted its position in shares of Chunghwa Telecom by 15.3% during the 4th quarter. US Bancorp DE now owns 33,206 shares of the utilities provider’s stock valued at $1,250,000 after buying an additional 4,416 shares in the last quarter. Finally, Blue Trust Inc. raised its stake in Chunghwa Telecom by 35.8% during the 4th quarter. Blue Trust Inc. now owns 50,088 shares of the utilities provider’s stock valued at $1,987,000 after purchasing an additional 13,195 shares during the period. 2.11% of the stock is owned by hedge funds and other institutional investors.

Chunghwa Telecom Stock Down 0.3 %

Shares of CHT opened at $39.18 on Wednesday. The business’s 50 day moving average is $38.55 and its 200 day moving average is $38.39. The company has a market capitalization of $30.39 billion, a PE ratio of 26.29, a price-to-earnings-growth ratio of 21.42 and a beta of 0.19. Chunghwa Telecom Co., Ltd. has a 12-month low of $35.92 and a 12-month high of $40.62. The company has a current ratio of 1.47, a quick ratio of 1.29 and a debt-to-equity ratio of 0.06.

Chunghwa Telecom (NYSE:CHT) last issued its earnings results on Thursday, January 23rd. The utilities provider reported $0.36 earnings per share (EPS) for the quarter. Chunghwa Telecom had a return on equity of 9.53% and a net margin of 16.18%. Research analysts expect that Chunghwa Telecom Co., Ltd. will post 1.44 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, StockNews.com raised Chunghwa Telecom from a “hold” rating to a “buy” rating in a research note on Monday.

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.