Chunghwa Telecom Co., Ltd. (NYSE:CHT) Stake Lifted by D Orazio & Associates Inc.

D Orazio & Associates Inc. lifted its stake in shares of Chunghwa Telecom Co., Ltd. (NYSE:CHT) by 26.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,954 shares of the utilities provider’s stock after acquiring an additional 1,457 shares during the quarter. D Orazio & Associates Inc.’s holdings in Chunghwa Telecom were worth $268,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. American Century Companies Inc. lifted its holdings in shares of Chunghwa Telecom by 5.9% in the second quarter. American Century Companies Inc. now owns 179,356 shares of the utilities provider’s stock valued at $6,925,000 after buying an additional 9,968 shares during the period. Caprock Group LLC lifted its holdings in Chunghwa Telecom by 35.2% in the 2nd quarter. Caprock Group LLC now owns 16,066 shares of the utilities provider’s stock valued at $620,000 after acquiring an additional 4,184 shares during the last quarter. Gallacher Capital Management LLC boosted its position in shares of Chunghwa Telecom by 9.2% during the 2nd quarter. Gallacher Capital Management LLC now owns 8,667 shares of the utilities provider’s stock valued at $335,000 after purchasing an additional 733 shares in the last quarter. Sivia Capital Partners LLC grew its stake in shares of Chunghwa Telecom by 26.1% in the 2nd quarter. Sivia Capital Partners LLC now owns 10,222 shares of the utilities provider’s stock worth $395,000 after purchasing an additional 2,113 shares during the last quarter. Finally, Mizuho Securities Co. Ltd. raised its holdings in shares of Chunghwa Telecom by 86.6% in the 2nd quarter. Mizuho Securities Co. Ltd. now owns 6,472 shares of the utilities provider’s stock worth $250,000 after purchasing an additional 3,003 shares in the last quarter. Institutional investors own 2.11% of the company’s stock.

Analysts Set New Price Targets

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

Chunghwa Telecom Price Performance

Shares of Chunghwa Telecom stock opened at $38.85 on Thursday. The company has a quick ratio of 1.16, a current ratio of 1.28 and a debt-to-equity ratio of 0.08. Chunghwa Telecom Co., Ltd. has a 12-month low of $35.44 and a 12-month high of $39.78. The firm has a market capitalization of $30.14 billion, a PE ratio of 25.90, a price-to-earnings-growth ratio of 18.71 and a beta of 0.19. The stock’s fifty day moving average is $37.57 and its 200-day moving average is $38.32.

Chunghwa Telecom (NYSE:CHT) last posted its quarterly earnings data on Tuesday, August 6th. The utilities provider reported $0.39 EPS for the quarter. The company had revenue of $1.67 billion during the quarter. Chunghwa Telecom had a net margin of 16.27% and a return on equity of 9.27%. Equities analysts anticipate that Chunghwa Telecom Co., Ltd. will post 1.49 earnings per share for the current year.

Chunghwa Telecom Cuts Dividend

The company also recently announced an annual dividend, which was paid on Thursday, August 15th. Shareholders of record on Wednesday, July 3rd were paid a dividend of $1.4736 per share. This represents a yield of 2.9%. The ex-dividend date was Wednesday, July 3rd. Chunghwa Telecom’s dividend payout ratio (DPR) is currently 75.33%.

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.