Whittier Trust Co. lowered its stake in China Mobile (Hong Kong) Ltd. (NYSE:CHL) by 5.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,958 shares of the Wireless communications provider’s stock after selling 108 shares during the period. Whittier Trust Co.’s holdings in China Mobile (Hong Kong) were worth $104,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of CHL. Israel Discount Bank of New York acquired a new position in shares of China Mobile (Hong Kong) during the first quarter valued at approximately $119,000. Integrated Investment Consultants LLC raised its position in shares of China Mobile (Hong Kong) by 10.0% in the first quarter. Integrated Investment Consultants LLC now owns 2,619 shares of the Wireless communications provider’s stock valued at $145,000 after buying an additional 239 shares during the last quarter. SRS Capital Advisors Inc. raised its position in shares of China Mobile (Hong Kong) by 67.1% in the first quarter. SRS Capital Advisors Inc. now owns 2,635 shares of the Wireless communications provider’s stock valued at $145,000 after buying an additional 1,058 shares during the last quarter. Signaturefd LLC acquired a new position in shares of China Mobile (Hong Kong) during the first quarter valued at approximately $203,000. Finally, Sawtooth Solutions LLC acquired a new position in shares of China Mobile (Hong Kong) during the first quarter valued at approximately $211,000. 1.97% of the stock is owned by institutional investors.

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

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Several brokerages have recently commented on CHL. Zacks Investment Research raised China Mobile (Hong Kong) from a “hold” rating to a “buy” rating and set a $60.00 price objective for the company in a report on Thursday, July 27th. BidaskClub lowered China Mobile (Hong Kong) from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. Finally, Morgan Stanley lowered China Mobile (Hong Kong) from an “overweight” rating to an “underweight” rating in a research note on Wednesday, July 5th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. China Mobile (Hong Kong) presently has a consensus rating of “Hold” and a consensus target price 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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