Chunghwa Telecom Co., Ltd (NYSE:CHT) Shares Purchased by BlackRock Inc.

BlackRock Inc. boosted its stake in Chunghwa Telecom Co., Ltd (NYSE:CHT) by 38.5% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 176,346 shares of the utilities provider’s stock after acquiring an additional 49,059 shares during the quarter. BlackRock Inc.’s holdings in Chunghwa Telecom were worth $6,444,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. Ballentine Partners LLC acquired a new stake in Chunghwa Telecom in the 2nd quarter valued at $204,000. Envestnet Asset Management Inc. grew its stake in Chunghwa Telecom by 21.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 8,034 shares of the utilities provider’s stock valued at $294,000 after acquiring an additional 1,419 shares during the period. Capital Fund Management S.A. grew its stake in Chunghwa Telecom by 32.8% in the 2nd quarter. Capital Fund Management S.A. now owns 8,900 shares of the utilities provider’s stock valued at $325,000 after acquiring an additional 2,200 shares during the period. Lester Murray Antman dba SimplyRich acquired a new stake in Chunghwa Telecom in the 2nd quarter valued at $358,000. Finally, Signaturefd LLC boosted its stake in Chunghwa Telecom by 6.0% during the 2nd quarter. Signaturefd LLC now owns 11,079 shares of the utilities provider’s stock worth $405,000 after purchasing an additional 626 shares during the last quarter. 2.72% of the stock is currently owned by hedge funds and other institutional investors.

Shares of CHT opened at $36.66 on Wednesday. Chunghwa Telecom Co., Ltd has a 52-week low of $33.61 and a 52-week high of $36.92. The company has a quick ratio of 0.99, a current ratio of 1.15 and a debt-to-equity ratio of 0.02. The firm’s fifty day moving average is $35.88 and its two-hundred day moving average is $35.57. The stock has a market cap of $28.41 billion, a PE ratio of 25.97 and a beta of 0.11.

Chunghwa Telecom (NYSE:CHT) last announced its earnings results on Wednesday, July 31st. The utilities provider reported $0.35 earnings per share (EPS) for the quarter. Chunghwa Telecom had a net margin of 16.32% and a return on equity of 8.95%. The company had revenue of $1.61 billion for the quarter.

Chunghwa Telecom Company Profile

Chunghwa Telecom Co, Ltd. provides telecommunication services in Taiwan. It operates through Domestic Fixed Communications Business, Mobile Communications Business, Internet Business, International Fixed Communications Business, and Other Business segments. It offers local and domestic long distance telephone and leased line, broadband access, Wi-Fi, and multimedia on demand services; information and communication technology (ICT), corporate, and bill handling services; and interconnection with its fixed-line network to other mobile and fixed-line operators.

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

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