Crossmark Global Holdings Inc. Grows Stake in Chunghwa Telecom Co., Ltd. (NYSE:CHT)

Crossmark Global Holdings Inc. increased its stake in Chunghwa Telecom Co., Ltd. (NYSE:CHT) by 12.9% in the third quarter, Holdings Channel.com reports. The institutional investor owned 101,894 shares of the utilities provider’s stock after purchasing an additional 11,663 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Chunghwa Telecom were worth $4,042,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of CHT. Allworth Financial LP increased its holdings in Chunghwa Telecom by 40.5% during the 3rd quarter. Allworth Financial LP now owns 919 shares of the utilities provider’s stock worth $36,000 after purchasing an additional 265 shares during the last quarter. Foster Group Inc. increased its stake in shares of Chunghwa Telecom by 4.6% in the second quarter. Foster Group Inc. now owns 6,760 shares of the utilities provider’s stock worth $261,000 after buying an additional 299 shares during the last quarter. GAMMA Investing LLC raised its holdings in Chunghwa Telecom by 14.2% in the second quarter. GAMMA Investing LLC now owns 2,543 shares of the utilities provider’s stock valued at $98,000 after acquiring an additional 317 shares in the last quarter. Simplicity Wealth LLC boosted its stake in Chunghwa Telecom by 8.4% during the 2nd quarter. Simplicity Wealth LLC now owns 5,755 shares of the utilities provider’s stock valued at $222,000 after acquiring an additional 445 shares during the last quarter. Finally, Kathmere Capital Management LLC grew its holdings in Chunghwa Telecom by 1.5% during the 2nd quarter. Kathmere Capital Management LLC now owns 30,247 shares of the utilities provider’s stock worth $1,168,000 after acquiring an additional 460 shares in the last quarter. 2.11% of the stock is currently owned by hedge funds and other institutional investors.

Chunghwa Telecom Price Performance

Shares of CHT opened at $37.96 on Tuesday. Chunghwa Telecom Co., Ltd. has a 52 week low of $35.72 and a 52 week high of $40.62. The company has a current ratio of 1.28, a quick ratio of 1.16 and a debt-to-equity ratio of 0.08. The firm has a market cap of $29.45 billion, a price-to-earnings ratio of 25.95, a PEG ratio of 18.29 and a beta of 0.19. The stock has a 50 day moving average of $38.60 and a 200-day moving average of $38.32.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. lowered shares of Chunghwa Telecom from an “overweight” rating to a “neutral” rating in a research note on Tuesday, August 6th.

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.