DGS Capital Management LLC Raises Stock Position in Chunghwa Telecom Co., Ltd. (NYSE:CHT)

DGS Capital Management LLC grew its stake in shares of Chunghwa Telecom Co., Ltd. (NYSE:CHT) by 20.9% in the fourth quarter, Holdings Channel.com reports. The fund owned 13,748 shares of the utilities provider’s stock after purchasing an additional 2,374 shares during the period. DGS Capital Management LLC’s holdings in Chunghwa Telecom were worth $518,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Dimensional Fund Advisors LP increased its holdings in Chunghwa Telecom by 4.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 407,062 shares of the utilities provider’s stock valued at $15,710,000 after acquiring an additional 16,428 shares in the last quarter. Sei Investments Co. grew its position in shares of Chunghwa Telecom by 8.9% in the second quarter. Sei Investments Co. now owns 44,432 shares of the utilities provider’s stock valued at $1,716,000 after purchasing an additional 3,636 shares during the last quarter. Thrivent Financial for Lutherans increased its stake in shares of Chunghwa Telecom by 117.6% during the 2nd quarter. Thrivent Financial for Lutherans now owns 15,434 shares of the utilities provider’s stock worth $596,000 after purchasing an additional 8,341 shares in the last quarter. Bank of Montreal Can raised its position in shares of Chunghwa Telecom by 178.8% during the 2nd quarter. Bank of Montreal Can now owns 103,593 shares of the utilities provider’s stock worth $4,074,000 after purchasing an additional 66,441 shares during the last quarter. Finally, Kathmere Capital Management LLC lifted its stake in Chunghwa Telecom by 1.5% in the 2nd quarter. Kathmere Capital Management LLC now owns 30,247 shares of the utilities provider’s stock valued at $1,168,000 after buying an additional 460 shares in the last quarter. Institutional investors and hedge funds own 2.11% of the company’s stock.

Chunghwa Telecom Trading Up 0.3 %

Shares of CHT stock opened at $38.91 on Friday. The company has a market capitalization of $30.19 billion, a price-to-earnings ratio of 26.65, a PEG ratio of 19.75 and a beta of 0.20. The company has a current ratio of 1.47, a quick ratio of 1.29 and a debt-to-equity ratio of 0.06. The firm has a 50-day moving average price of $37.92 and a 200 day moving average price of $38.01. Chunghwa Telecom Co., Ltd. has a twelve month low of $35.92 and a twelve month high of $40.62.

Chunghwa Telecom (NYSE:CHT) last posted its quarterly earnings data on Thursday, January 23rd. The utilities provider reported $0.36 earnings per share for the quarter. Chunghwa Telecom had a net margin of 16.09% and a return on equity of 9.25%. Research analysts forecast that Chunghwa Telecom Co., Ltd. will post 1.47 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com raised Chunghwa Telecom from a “hold” rating to a “buy” rating in a research report on Friday.

Chunghwa Telecom Company 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.