Chunghwa Telecom Co., Ltd. (NYSE:CHT) Shares Sold by First Trust Direct Indexing L.P.

First Trust Direct Indexing L.P. reduced its stake in Chunghwa Telecom Co., Ltd. (NYSE:CHT) by 49.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,277 shares of the utilities provider’s stock after selling 32,804 shares during the period. First Trust Direct Indexing L.P.’s holdings in Chunghwa Telecom were worth $1,302,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Ieq Capital LLC raised its stake in shares of Chunghwa Telecom by 4.7% in the fourth quarter. Ieq Capital LLC now owns 6,073 shares of the utilities provider’s stock valued at $237,000 after acquiring an additional 271 shares in the last quarter. Glassman Wealth Services raised its stake in shares of Chunghwa Telecom by 43.6% in the fourth quarter. Glassman Wealth Services now owns 1,011 shares of the utilities provider’s stock valued at $40,000 after acquiring an additional 307 shares in the last quarter. Lindbrook Capital LLC raised its stake in shares of Chunghwa Telecom by 10.7% in the fourth quarter. Lindbrook Capital LLC now owns 3,919 shares of the utilities provider’s stock valued at $153,000 after acquiring an additional 380 shares in the last quarter. DGS Capital Management LLC raised its stake in shares of Chunghwa Telecom by 6.5% in the fourth quarter. DGS Capital Management LLC now owns 9,381 shares of the utilities provider’s stock valued at $367,000 after acquiring an additional 575 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its stake in shares of Chunghwa Telecom by 5.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 14,835 shares of the utilities provider’s stock valued at $580,000 after acquiring an additional 743 shares in the last quarter. 2.11% of the stock is currently owned by institutional investors and hedge funds.

Chunghwa Telecom Stock Down 3.2 %

Chunghwa Telecom stock traded down $1.24 during midday trading on Thursday, reaching $37.30. The company’s stock had a trading volume of 68,269 shares, compared to its average volume of 63,172. Chunghwa Telecom Co., Ltd. has a fifty-two week low of $35.44 and a fifty-two week high of $39.78. The company has a quick ratio of 1.64, a current ratio of 1.83 and a debt-to-equity ratio of 0.08. The company has a market cap of $28.94 billion, a P/E ratio of 24.87 and a beta of 0.18. The business has a 50-day simple moving average of $38.86 and a 200-day simple moving average of $38.60.

Chunghwa Telecom (NYSE:CHT) last posted its quarterly earnings results on Thursday, May 2nd. The utilities provider reported $0.38 earnings per share for the quarter. Chunghwa Telecom had a return on equity of 9.31% and a net margin of 16.40%. The company had revenue of $1.75 billion for the quarter.

Chunghwa Telecom Cuts Dividend

The firm also recently declared an annual dividend, which will be paid on Thursday, August 15th. Shareholders of record on Wednesday, July 3rd will be paid a $1.4736 dividend. This represents a yield of 2.9%. The ex-dividend date is Wednesday, July 3rd. Chunghwa Telecom’s dividend payout ratio is presently 76.67%.

Chunghwa Telecom 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.