Chunghwa Telecom Co., Ltd. (NYSE:CHT) Shares Acquired by Foster Group Inc.

Foster Group Inc. increased its stake in shares of Chunghwa Telecom Co., Ltd. (NYSE:CHT) by 19.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,564 shares of the utilities provider’s stock after acquiring an additional 1,234 shares during the period. Foster Group Inc.’s holdings in Chunghwa Telecom were worth $285,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Allworth Financial LP raised 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 period. Sivia Capital Partners LLC lifted its holdings in Chunghwa Telecom by 4.2% in the 4th quarter. Sivia Capital Partners LLC now owns 9,785 shares of the utilities provider’s stock valued at $368,000 after purchasing an additional 391 shares in the last quarter. OneDigital Investment Advisors LLC grew its stake in Chunghwa Telecom by 6.2% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 7,964 shares of the utilities provider’s stock valued at $316,000 after acquiring an additional 468 shares in the last quarter. Atomi Financial Group Inc. increased its holdings in shares of Chunghwa Telecom by 17.6% in the fourth quarter. Atomi Financial Group Inc. now owns 7,616 shares of the utilities provider’s stock valued at $287,000 after purchasing an additional 1,140 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of Chunghwa Telecom by 71.4% in the 4th quarter. GAMMA Investing LLC now owns 3,085 shares of the utilities provider’s stock worth $116,000 after acquiring an additional 1,285 shares during the last quarter. 2.11% of the stock is currently owned by hedge funds and other institutional investors.

Chunghwa Telecom Stock Performance

Shares of CHT opened at $39.18 on Wednesday. The stock has a market capitalization of $30.39 billion, a P/E ratio of 26.84, a P/E/G ratio of 19.75 and a beta of 0.20. Chunghwa Telecom Co., Ltd. has a 1 year low of $35.92 and a 1 year high of $40.62. The company’s fifty day moving average is $37.95 and its two-hundred day moving average is $38.05. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.29 and a current ratio of 1.47.

Chunghwa Telecom (NYSE:CHT) last announced its earnings results on Thursday, January 23rd. The utilities provider reported $0.36 earnings per share (EPS) for the quarter. Chunghwa Telecom had a net margin of 16.09% and a return on equity of 9.25%. On average, sell-side analysts predict that Chunghwa Telecom Co., Ltd. will post 1.47 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Chunghwa Telecom from a “hold” rating to a “buy” rating in a research note on Friday, January 24th.

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.