Eurizon Capital SGR S.p.A. Invests $1.32 Million in Chunghwa Telecom Co., Ltd. $CHT

Eurizon Capital SGR S.p.A. bought a new position in shares of Chunghwa Telecom Co., Ltd. (NYSE:CHT) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 31,700 shares of the utilities provider’s stock, valued at approximately $1,323,000.

A number of other hedge funds also recently modified their holdings of CHT. Smartleaf Asset Management LLC acquired a new stake in shares of Chunghwa Telecom during the 2nd quarter worth about $53,000. Westside Investment Management Inc. raised its stake in Chunghwa Telecom by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 1,438 shares of the utilities provider’s stock worth $63,000 after purchasing an additional 719 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Chunghwa Telecom by 1,047.1% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,973 shares of the utilities provider’s stock valued at $86,000 after purchasing an additional 1,801 shares during the period. SG Americas Securities LLC bought a new stake in Chunghwa Telecom in the 4th quarter valued at about $130,000. Finally, Focus Partners Wealth bought a new stake in Chunghwa Telecom in the 3rd quarter valued at about $143,000. Institutional investors and hedge funds own 2.11% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Chunghwa Telecom in a report on Monday, April 20th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has an average rating of “Hold”.

Chunghwa Telecom Stock Performance

CHT opened at $45.37 on Wednesday. The firm has a market cap of $35.20 billion, a P/E ratio of 27.66, a price-to-earnings-growth ratio of 6.17 and a beta of 0.29. Chunghwa Telecom Co., Ltd. has a 52-week low of $39.28 and a 52-week high of $47.03. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.46 and a current ratio of 1.64. The business’s fifty day moving average is $43.09 and its 200-day moving average is $42.49.

Chunghwa Telecom (NYSE:CHT) last released its earnings results on Tuesday, March 31st. The utilities provider reported $0.41 earnings per share (EPS) for the quarter. Chunghwa Telecom had a return on equity of 9.90% and a net margin of 16.23%.The company had revenue of $1.88 billion for the quarter. Sell-side analysts expect that Chunghwa Telecom Co., Ltd. will post 1.56 EPS for the current fiscal year.

About Chunghwa Telecom

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.