Mizuho Securities Co. Ltd. Cuts Stock Position in Chunghwa Telecom Co., Ltd. (NYSE:CHT)

Mizuho Securities Co. Ltd. reduced its holdings in Chunghwa Telecom Co., Ltd. (NYSE:CHT) by 15.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,493 shares of the utilities provider’s stock after selling 979 shares during the quarter. Mizuho Securities Co. Ltd.’s holdings in Chunghwa Telecom were worth $218,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Crossmark Global Holdings Inc. increased its holdings in Chunghwa Telecom by 12.9% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 101,894 shares of the utilities provider’s stock valued at $4,042,000 after acquiring an additional 11,663 shares in the last quarter. BSW Wealth Partners purchased a new stake in shares of Chunghwa Telecom in the third quarter valued at $208,000. Allworth Financial LP boosted its stake in shares of Chunghwa Telecom by 40.5% during the third quarter. Allworth Financial LP now owns 919 shares of the utilities provider’s stock valued at $36,000 after acquiring an additional 265 shares during the last quarter. Waldron Private Wealth LLC purchased a new stake in Chunghwa Telecom during the 3rd quarter worth about $217,000. Finally, Allspring Global Investments Holdings LLC raised its stake in Chunghwa Telecom by 27.9% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 27,887 shares of the utilities provider’s stock valued at $1,106,000 after purchasing an additional 6,087 shares during the last quarter. Institutional investors and hedge funds own 2.11% of the company’s stock.

Chunghwa Telecom Trading Up 0.3 %

Shares of Chunghwa Telecom stock traded up $0.11 during trading hours on Wednesday, reaching $37.81. 15,580 shares of the company’s stock were exchanged, compared to its average volume of 83,059. The firm has a market capitalization of $29.33 billion, a price-to-earnings ratio of 25.90, a price-to-earnings-growth ratio of 18.20 and a beta of 0.19. The company has a current ratio of 1.47, a quick ratio of 1.16 and a debt-to-equity ratio of 0.06. Chunghwa Telecom Co., Ltd. has a 52-week low of $35.92 and a 52-week high of $40.62. The company has a fifty day moving average of $38.56 and a 200-day moving average of $38.32.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. cut 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.