Ballentine Partners LLC Has $898,000 Position in Chunghwa Telecom Co., Ltd. (NYSE:CHT)

Ballentine Partners LLC raised its stake in shares of Chunghwa Telecom Co., Ltd. (NYSE:CHT) by 83.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 22,986 shares of the utilities provider’s stock after buying an additional 10,449 shares during the period. Ballentine Partners LLC’s holdings in Chunghwa Telecom were worth $898,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Royal Bank of Canada lifted its stake in shares of Chunghwa Telecom by 154.6% in the 1st quarter. Royal Bank of Canada now owns 769 shares of the utilities provider’s stock valued at $34,000 after purchasing an additional 467 shares during the last quarter. Simplex Trading LLC lifted 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 purchasing an additional 641 shares during the last quarter. BNP Paribas Arbitrage SA lifted its stake in shares of Chunghwa Telecom by 848.0% in the 1st quarter. BNP Paribas Arbitrage SA now owns 1,877 shares of the utilities provider’s stock valued at $83,000 after purchasing an additional 1,679 shares during the last quarter. Atlas Capital Advisors LLC lifted its stake in shares of Chunghwa Telecom by 155.3% in the 2nd quarter. Atlas Capital Advisors LLC now owns 2,369 shares of the utilities provider’s stock valued at $98,000 after purchasing an additional 1,441 shares during the last quarter. Finally, BNP Paribas Arbitrage SNC lifted its stake in shares of Chunghwa Telecom by 50.6% in the 3rd quarter. BNP Paribas Arbitrage SNC now owns 2,475 shares of the utilities provider’s stock valued at $88,000 after purchasing an additional 832 shares during the last quarter. Institutional investors and hedge funds own 2.11% of the company’s stock.

Chunghwa Telecom Stock Down 0.3 %

Chunghwa Telecom stock opened at $39.04 on Friday. The firm has a market cap of $30.28 billion, a price-to-earnings ratio of 25.52 and a beta of 0.17. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.33 and a quick ratio of 1.23. Chunghwa Telecom Co., Ltd. has a fifty-two week low of $35.44 and a fifty-two week high of $41.58. The firm has a fifty day moving average price of $38.54 and a two-hundred day moving average price of $37.62.

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

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered 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.