Sequoia Financial Advisors LLC Raises Holdings in Chunghwa Telecom Co., Ltd. (NYSE:CHT)

Sequoia Financial Advisors LLC raised its holdings in shares of Chunghwa Telecom Co., Ltd. (NYSE:CHT) by 13.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 25,215 shares of the utilities provider’s stock after purchasing an additional 2,984 shares during the period. Sequoia Financial Advisors LLC’s holdings in Chunghwa Telecom were worth $949,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in CHT. Sierra Ocean LLC purchased a new stake in Chunghwa Telecom during the 4th quarter valued at $54,000. GAMMA Investing LLC boosted its stake in Chunghwa Telecom by 71.4% during the 4th quarter. GAMMA Investing LLC now owns 3,085 shares of the utilities provider’s stock valued at $116,000 after purchasing an additional 1,285 shares during the last quarter. R Squared Ltd purchased a new stake in Chunghwa Telecom during the 4th quarter valued at $127,000. V Square Quantitative Management LLC boosted its stake in Chunghwa Telecom by 31.0% during the 4th quarter. V Square Quantitative Management LLC now owns 4,065 shares of the utilities provider’s stock valued at $153,000 after purchasing an additional 961 shares during the last quarter. Finally, Lindbrook Capital LLC boosted its stake in Chunghwa Telecom by 35.6% during the 4th quarter. Lindbrook Capital LLC now owns 5,257 shares of the utilities provider’s stock valued at $198,000 after purchasing an additional 1,379 shares during the last quarter. 2.11% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Chunghwa Telecom from a “buy” rating to a “hold” rating in a research note on Saturday, March 8th.

Chunghwa Telecom Price Performance

NYSE CHT opened at $39.24 on Monday. The business’s fifty day moving average price is $38.48 and its 200-day moving average price is $38.39. The stock has a market capitalization of $30.44 billion, a price-to-earnings ratio of 26.34, a PEG ratio of 21.42 and a beta of 0.19. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.47 and a quick ratio of 1.29. Chunghwa Telecom Co., Ltd. has a 1-year low of $35.92 and a 1-year high of $40.62.

Chunghwa Telecom (NYSE:CHT) last released its quarterly earnings results on Thursday, January 23rd. The utilities provider reported $0.36 earnings per share for the quarter. Chunghwa Telecom had a return on equity of 9.53% and a net margin of 16.18%. On average, equities analysts predict that Chunghwa Telecom Co., Ltd. will post 1.44 earnings per share for the current year.

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.