Shares of Chunghwa Telecom Co. (NYSE:CHT) saw strong trading volume on Wednesday . 252,303 shares traded hands during mid-day trading, an increase of 23% from the previous session’s volume of 204,492 shares.The stock last traded at $35.31 and had previously closed at $35.24.

Separately, Zacks Investment Research downgraded shares of Chunghwa Telecom from a “hold” rating to a “sell” rating in a research note on Tuesday.

The company’s 50-day moving average is $36.13 and its 200 day moving average is $35.03. The stock has a market capitalization of $27.65 billion, a PE ratio of 20.37 and a beta of 0.31.

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The company also recently announced an annual dividend, which was paid on Friday, September 2nd. Stockholders of record on Thursday, July 21st were issued a $1.332 dividend. The ex-dividend date of this dividend was Tuesday, July 19th. Chunghwa Telecom’s dividend payout ratio (DPR) is presently 78.61%.

Several large investors have recently added to or reduced their stakes in the company. AXA bought a new stake in shares of Chunghwa Telecom during the first quarter worth $196,000. Barclays PLC raised its stake in shares of Chunghwa Telecom by 18,251.5% in the second quarter. Barclays PLC now owns 6,056 shares of the company’s stock worth $220,000 after buying an additional 6,023 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Chunghwa Telecom by 9.4% in the second quarter. Bank of New York Mellon Corp now owns 7,001 shares of the company’s stock worth $254,000 after buying an additional 600 shares during the last quarter. Capital Fund Management S.A. bought a new stake in shares of Chunghwa Telecom during the second quarter worth $261,000. Finally, Panagora Asset Management Inc. raised its stake in shares of Chunghwa Telecom by 20.2% in the second quarter. Panagora Asset Management Inc. now owns 7,515 shares of the company’s stock worth $273,000 after buying an additional 1,265 shares during the last quarter. Hedge funds and other institutional investors own 5.47% of the company’s stock.

About Chunghwa Telecom

Chunghwa Telecom Co, Ltd. provides telecommunication services. The Company’s segments include Domestic fixed communications business, which is engaged in the provision of local telephone services, domestic long distance telephone services, broadband access and related services; Mobile communications business, which is engaged in the provision of mobile services, sales of mobile handsets and data cards, and related services; Internet business, which is engaged in the provision of HiNet services and related services; International fixed communications business, which includes international long distance telephone services, international leased line services, international data services, satellite services, and information and communication technology (ICT) and other international services, and Others, which is engaged in the provision of non-telecom services.

5 Day Chart for NYSE:CHT

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