Fulton Bank N.A. Takes Position in Chunghwa Telecom Co., Ltd. (NYSE:CHT)

Fulton Bank N.A. bought a new stake in Chunghwa Telecom Co., Ltd. (NYSE:CHTGet Rating) during the second quarter, HoldingsChannel.com reports. The fund bought 6,204 shares of the utilities provider’s stock, valued at approximately $256,000.

A number of other hedge funds have also made changes to their positions in the business. BlackRock Inc. raised its stake in shares of Chunghwa Telecom by 4.5% in the 1st quarter. BlackRock Inc. now owns 2,776,762 shares of the utilities provider’s stock valued at $123,426,000 after acquiring an additional 120,199 shares during the period. Schroder Investment Management Group raised its stake in shares of Chunghwa Telecom by 178.9% in the 4th quarter. Schroder Investment Management Group now owns 648,525 shares of the utilities provider’s stock valued at $2,738,000 after acquiring an additional 416,009 shares during the period. Bank of America Corp DE increased its stake in Chunghwa Telecom by 1.8% during the 1st quarter. Bank of America Corp DE now owns 316,514 shares of the utilities provider’s stock worth $14,068,000 after buying an additional 5,624 shares during the period. Acadian Asset Management LLC increased its stake in Chunghwa Telecom by 63.4% during the 1st quarter. Acadian Asset Management LLC now owns 291,207 shares of the utilities provider’s stock worth $12,936,000 after buying an additional 113,037 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake in Chunghwa Telecom by 61.2% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 255,235 shares of the utilities provider’s stock worth $11,345,000 after buying an additional 96,933 shares during the period. Hedge funds and other institutional investors own 2.43% of the company’s stock.

Chunghwa Telecom Price Performance

Shares of CHT stock opened at $37.55 on Monday. The firm has a market cap of $29.13 billion, a P/E ratio of 22.62 and a beta of 0.06. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.20 and a quick ratio of 1.08. Chunghwa Telecom Co., Ltd. has a 1-year low of $37.38 and a 1-year high of $45.87. The firm has a fifty day moving average of $40.18 and a two-hundred day moving average of $42.18.

Chunghwa Telecom (NYSE:CHTGet Rating) last announced its quarterly earnings data on Friday, July 29th. The utilities provider reported $0.42 earnings per share for the quarter. Chunghwa Telecom had a net margin of 17.10% and a return on equity of 9.49%. The company had revenue of $1.78 billion during the quarter.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. raised shares of Chunghwa Telecom from a “neutral” rating to an “overweight” rating in a research note on Monday, July 18th.

Chunghwa Telecom Company Profile

(Get Rating)

Chunghwa Telecom Co, Ltd., together with its subsidiaries, provides telecommunication services in Taiwan and internationally. It operates through Domestic Fixed Communications Business, Mobile Communications Business, Internet Business, International Fixed Communications Business, and Others segments.

Further Reading

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Institutional Ownership by Quarter for Chunghwa Telecom (NYSE:CHT)

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