Chunghwa Telecom Co., Ltd. (NYSE:CHT) Position Trimmed by Wells Fargo & Company MN

Wells Fargo & Company MN lowered its stake in Chunghwa Telecom Co., Ltd. (NYSE:CHT) by 68.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 24,605 shares of the utilities provider’s stock after selling 52,866 shares during the period. Wells Fargo & Company MN’s holdings in Chunghwa Telecom Co. were worth $867,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. Commonwealth Bank of Australia increased its holdings in shares of Chunghwa Telecom Co. by 9.1% in the second quarter. Commonwealth Bank of Australia now owns 10,644 shares of the utilities provider’s stock valued at $374,000 after purchasing an additional 886 shares during the period. Cambridge Investment Research Advisors Inc. increased its holdings in shares of Chunghwa Telecom Co. by 32.1% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 56,569 shares of the utilities provider’s stock valued at $1,992,000 after purchasing an additional 13,755 shares during the period. Mitsubishi UFJ Trust & Banking Corp increased its holdings in shares of Chunghwa Telecom Co. by 5.4% in the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 35,411 shares of the utilities provider’s stock valued at $1,247,000 after purchasing an additional 1,800 shares during the period. Parallel Advisors LLC increased its holdings in shares of Chunghwa Telecom Co. by 3.5% in the second quarter. Parallel Advisors LLC now owns 8,929 shares of the utilities provider’s stock valued at $302,000 after purchasing an additional 303 shares during the period. Finally, BNP Paribas Arbitrage SA increased its holdings in shares of Chunghwa Telecom Co. by 16.3% in the second quarter. BNP Paribas Arbitrage SA now owns 6,258 shares of the utilities provider’s stock valued at $220,000 after purchasing an additional 875 shares during the period. 3.17% of the stock is currently owned by institutional investors and hedge funds.

Shares of Chunghwa Telecom Co., Ltd. (NYSE:CHT) traded up $0.17 during mid-day trading on Wednesday, reaching $33.86. The company had a trading volume of 132,400 shares, compared to its average volume of 203,570. Chunghwa Telecom Co., Ltd. has a 52-week low of $31.28 and a 52-week high of $36.37. The firm has a market capitalization of $26,134.85, a price-to-earnings ratio of 21.19 and a beta of 0.29.

Separately, BidaskClub lowered Chunghwa Telecom Co. from a “hold” rating to a “sell” rating in a report on Thursday, July 27th.

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About Chunghwa Telecom Co.

Chunghwa Telecom Co, Ltd. provides telecommunication services. The Company’s segments include Domestic fixed communications business, which is engaged in the provision of local telephone services, domestic long distance telephone services, broadband access and related services; Mobile communications business, which is engaged in the provision of mobile services, sales of mobile handsets and data cards, and related services; Internet business, which is engaged in the provision of HiNet services and related services; International fixed communications business, which includes international long distance telephone services, international leased line services, international data services, satellite services, and information and communication technology (ICT) and other international services, and Others, which is engaged in the provision of non-telecom services.

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

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