Thrivent Financial for Lutherans Takes $2.74 Million Position in Chunghwa Telecom Co., Ltd. $CHT

Thrivent Financial for Lutherans bought a new stake in Chunghwa Telecom Co., Ltd. (NYSE:CHT) in the third quarter, HoldingsChannel.com reports. The firm bought 62,730 shares of the utilities provider’s stock, valued at approximately $2,737,000.

Several other large investors also recently bought and sold shares of CHT. Acadian Asset Management LLC raised its position in Chunghwa Telecom by 23.0% in the 2nd quarter. Acadian Asset Management LLC now owns 572,484 shares of the utilities provider’s stock valued at $26,672,000 after purchasing an additional 106,913 shares in the last quarter. Creative Planning increased its stake in shares of Chunghwa Telecom by 18.0% during the second quarter. Creative Planning now owns 317,369 shares of the utilities provider’s stock worth $14,793,000 after buying an additional 48,449 shares during the period. Drive Wealth Management LLC acquired a new stake in Chunghwa Telecom in the second quarter valued at approximately $402,000. Yousif Capital Management LLC lifted its stake in Chunghwa Telecom by 3.1% in the second quarter. Yousif Capital Management LLC now owns 12,229 shares of the utilities provider’s stock worth $570,000 after acquiring an additional 365 shares during the last quarter. Finally, American Century Companies Inc. grew its holdings in Chunghwa Telecom by 17.6% during the 2nd quarter. American Century Companies Inc. now owns 329,461 shares of the utilities provider’s stock worth $15,356,000 after acquiring an additional 49,276 shares in the last quarter. Hedge funds and other institutional investors own 2.11% of the company’s stock.

Chunghwa Telecom Price Performance

Shares of NYSE:CHT opened at $41.75 on Tuesday. Chunghwa Telecom Co., Ltd. has a 12 month low of $37.03 and a 12 month high of $47.03. The firm has a market capitalization of $32.39 billion, a P/E ratio of 25.93, a P/E/G ratio of 5.57 and a beta of 0.30. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.50 and a quick ratio of 1.30. The company’s fifty day moving average price is $41.78 and its 200 day moving average price is $42.92.

Chunghwa Telecom (NYSE:CHT) last posted its earnings results on Tuesday, February 3rd. The utilities provider reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.01. Chunghwa Telecom had a return on equity of 9.87% and a net margin of 16.37%.The business had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $1.84 billion. As a group, sell-side analysts predict that Chunghwa Telecom Co., Ltd. will post 1.44 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

CHT has been the topic of a number of analyst reports. Zacks Research upgraded shares of Chunghwa Telecom to a “hold” rating in a report on Monday, January 12th. Weiss Ratings restated a “hold (c)” rating on shares of Chunghwa Telecom in a research note on Wednesday, January 21st. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Chunghwa Telecom Profile

Chunghwa Telecom Co, Ltd. is the largest integrated telecommunications service provider in Taiwan, serving both consumer and enterprise customers across the island and through international telecommunications links. The company offers a full range of voice, data and multimedia services and operates as the incumbent fixed-line operator while also competing in mobile, broadband and enterprise markets. Its network footprint and traffic interchange capabilities support domestic communications and cross-border connectivity for carriers and multinational businesses.

Chunghwa Telecom’s product and service portfolio includes fixed-line telephony, mobile services (including 4G and 5G wireless access), broadband internet (DSL and fiber-to-the-home), and IPTV.