Citigroup Inc. Sells 1,878 Shares of Chunghwa Telecom Co., Ltd. (NYSE:CHT)

Citigroup Inc. decreased its holdings in Chunghwa Telecom Co., Ltd. (NYSE:CHT) by 26.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,155 shares of the utilities provider’s stock after selling 1,878 shares during the quarter. Citigroup Inc.’s holdings in Chunghwa Telecom were worth $185,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Royal Bank of Canada increased its holdings in shares of Chunghwa Telecom by 184.2% in the third quarter. Royal Bank of Canada now owns 790 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 512 shares in the last quarter. Simplex Trading LLC increased its stake in shares of Chunghwa Telecom by 332.1% in the 3rd quarter. Simplex Trading LLC now owns 834 shares of the utilities provider’s stock valued at $29,000 after buying an additional 641 shares during the period. BNP Paribas Arbitrage SA raised its position in shares of Chunghwa Telecom by 848.0% during the first quarter. BNP Paribas Arbitrage SA now owns 1,877 shares of the utilities provider’s stock worth $83,000 after acquiring an additional 1,679 shares during the last quarter. BNP Paribas Arbitrage SNC lifted its stake in shares of Chunghwa Telecom by 50.6% during the third quarter. BNP Paribas Arbitrage SNC now owns 2,475 shares of the utilities provider’s stock valued at $88,000 after acquiring an additional 832 shares during the period. Finally, CWM LLC boosted its holdings in Chunghwa Telecom by 18.4% in the third quarter. CWM LLC now owns 2,622 shares of the utilities provider’s stock valued at $94,000 after acquiring an additional 408 shares during the last quarter. Institutional investors and hedge funds own 2.11% of the company’s stock.

Chunghwa Telecom Price Performance

Shares of CHT stock opened at $39.16 on Friday. The firm’s 50 day moving average price is $38.41 and its two-hundred day moving average price is $37.52. The stock has a market cap of $30.38 billion, a PE ratio of 25.59 and a beta of 0.17. Chunghwa Telecom Co., Ltd. has a 52-week low of $35.44 and a 52-week high of $41.58. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.23 and a current ratio of 1.33.

Chunghwa Telecom (NYSE:CHT) last announced its quarterly earnings results on Tuesday, January 30th. The utilities provider reported $0.33 EPS for the quarter. Chunghwa Telecom had a return on equity of 9.49% and a net margin of 16.57%. The company had revenue of $1.94 billion during the quarter. As a group, analysts forecast that Chunghwa Telecom Co., Ltd. will post 1.5 EPS for the current year.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Chunghwa Telecom from a “buy” rating to a “hold” rating in a research report on Thursday, February 22nd.

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.