Comerica Bank Has $1.48 Million Stake in Chunghwa Telecom Co., Ltd (NYSE:CHT)

Comerica Bank lessened its position in shares of Chunghwa Telecom Co., Ltd (NYSE:CHT) by 7.1% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 42,068 shares of the utilities provider’s stock after selling 3,221 shares during the period. Comerica Bank’s holdings in Chunghwa Telecom were worth $1,477,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Lindbrook Capital LLC purchased a new stake in Chunghwa Telecom in the 4th quarter valued at $35,000. Atlas Capital Advisors LLC raised its position in Chunghwa Telecom by 485.3% in the 4th quarter. Atlas Capital Advisors LLC now owns 3,313 shares of the utilities provider’s stock valued at $119,000 after purchasing an additional 2,747 shares during the last quarter. Citigroup Inc. purchased a new position in Chunghwa Telecom during the 4th quarter worth $119,000. BNP Paribas Arbitrage SA raised its position in Chunghwa Telecom by 31.1% during the 1st quarter. BNP Paribas Arbitrage SA now owns 5,533 shares of the utilities provider’s stock worth $197,000 after buying an additional 1,313 shares during the last quarter. Finally, Advisor Partners LLC purchased a new position in Chunghwa Telecom during the 4th quarter worth $276,000. Institutional investors own 2.35% of the company’s stock.

Shares of CHT traded down $0.47 during trading hours on Friday, reaching $36.12. The company had a trading volume of 405,919 shares, compared to its average volume of 72,114. The company has a quick ratio of 1.43, a current ratio of 1.66 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $28.48 billion, a PE ratio of 24.41 and a beta of 0.14. Chunghwa Telecom Co., Ltd has a 12-month low of $34.02 and a 12-month high of $36.85.

Chunghwa Telecom (NYSE:CHT) last announced its quarterly earnings results on Monday, April 29th. The utilities provider reported $0.35 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.01. The business had revenue of $1.66 billion during the quarter. Chunghwa Telecom had a net margin of 16.58% and a return on equity of 9.24%.

Chunghwa Telecom Company Profile

Chunghwa Telecom Co, Ltd. provides telecommunication services in Taiwan. It operates through Domestic Fixed Communications Business, Mobile Communications Business, Internet Business, International Fixed Communications Business, and Other Business segments. It offers local and domestic long distance telephone and leased line, broadband access, Wi-Fi, and multimedia on demand services; information and communication technology (ICT), corporate, and bill handling services; and interconnection with its fixed-line network to other mobile and fixed-line operators.

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Institutional Ownership by Quarter for Chunghwa Telecom (NYSE:CHT)

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