US Bancorp DE boosted its position in China Mobile (Hong Kong) Ltd. (NYSE:CHL) by 0.3% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 69,639 shares of the Wireless communications provider’s stock after buying an additional 227 shares during the period. US Bancorp DE’s holdings in China Mobile (Hong Kong) were worth $3,697,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Telemus Capital LLC boosted its stake in China Mobile (Hong Kong) by 54.1% in the first quarter. Telemus Capital LLC now owns 12,166 shares of the Wireless communications provider’s stock worth $672,000 after buying an additional 4,272 shares during the period. Reilly Financial Advisors LLC boosted its stake in China Mobile (Hong Kong) by 6.6% in the first quarter. Reilly Financial Advisors LLC now owns 17,771 shares of the Wireless communications provider’s stock worth $981,000 after buying an additional 1,108 shares during the period. Kissinger Financial Services LLC purchased a new stake in China Mobile (Hong Kong) during the first quarter worth approximately $228,000. Fox Run Management L.L.C. purchased a new stake in China Mobile (Hong Kong) during the first quarter worth approximately $436,000. Finally, Atria Investments LLC boosted its stake in China Mobile (Hong Kong) by 6.9% in the first quarter. Atria Investments LLC now owns 4,685 shares of the Wireless communications provider’s stock worth $259,000 after buying an additional 301 shares during the period. Institutional investors and hedge funds own 1.97% of the company’s stock.

China Mobile (NYSE CHL) traded up 0.54% during trading on Monday, hitting $53.55. The company had a trading volume of 212,671 shares. The company has a market cap of $219.29 billion, a PE ratio of 13.52 and a beta of 0.30. China Mobile has a 12 month low of $51.30 and a 12 month high of $63.89. The company’s 50 day moving average price is $53.16 and its 200-day moving average price is $54.79.

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A number of equities analysts recently issued reports on CHL shares. Zacks Investment Research raised China Mobile (Hong Kong) from a “sell” rating to a “hold” rating in a report on Monday, May 29th. BidaskClub raised China Mobile (Hong Kong) from a “sell” rating to a “hold” rating in a report on Tuesday, July 25th. Finally, Morgan Stanley lowered China Mobile (Hong Kong) from an “overweight” rating to an “underweight” rating in a report on Wednesday, July 5th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. China Mobile (Hong Kong) presently has a consensus rating of “Hold” and a consensus price target of $60.00.

About China Mobile (Hong Kong)

China Mobile Limited is an investment holding company principally engaged in telecommunication and related businesses. Its main businesses include Mobile businesses, Wireline Broadband businesses and Internet of Things (IoT) businesses. Mobile businesses include two categories of services. Voice services include local calls, domestic and international long distance calls, roaming services and voice value-added services.

Institutional Ownership by Quarter for China Mobile (Hong Kong) (NYSE:CHL)

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