Freestone Capital Holdings LLC lifted its position in shares of China Mobile (Hong Kong) Ltd. (NYSE:CHL) by 7.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 132,595 shares of the Wireless communications provider’s stock after acquiring an additional 9,124 shares during the period. Freestone Capital Holdings LLC’s holdings in China Mobile (Hong Kong) were worth $7,039,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of CHL. JFS Wealth Advisors LLC raised its position in shares of China Mobile (Hong Kong) by 19.0% during the 2nd quarter. JFS Wealth Advisors LLC now owns 2,138 shares of the Wireless communications provider’s stock valued at $114,000 after acquiring an additional 342 shares in the last quarter. Israel Discount Bank of New York acquired a new stake in shares of China Mobile (Hong Kong) during the 1st quarter valued at approximately $119,000. SRS Capital Advisors Inc. raised its position in shares of China Mobile (Hong Kong) by 67.1% during the 1st quarter. SRS Capital Advisors Inc. now owns 2,635 shares of the Wireless communications provider’s stock valued at $145,000 after acquiring an additional 1,058 shares in the last quarter. Signaturefd LLC acquired a new stake in shares of China Mobile (Hong Kong) during the 1st quarter valued at approximately $203,000. Finally, High Pointe Capital Management LLC acquired a new stake in shares of China Mobile (Hong Kong) during the 2nd quarter valued at approximately $205,000. 1.97% of the stock is currently owned by institutional investors and hedge funds.

Shares of China Mobile (NYSE CHL) traded up 1.13% during midday trading on Wednesday, reaching $52.72. The company’s stock had a trading volume of 149,677 shares. China Mobile has a 52-week low of $51.30 and a 52-week high of $63.26. The company has a market capitalization of $215.89 billion, a price-to-earnings ratio of 13.02 and a beta of 0.31. The stock has a 50 day moving average price of $54.32 and a 200-day moving average price of $54.47.

The business also recently declared a special dividend, which will be paid on Tuesday, October 10th. Investors of record on Thursday, August 31st will be paid a $2.0457 dividend. This is a positive change from China Mobile (Hong Kong)’s previous special dividend of $0.77. The ex-dividend date is Tuesday, August 29th. This represents a yield of 3.73%.

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Several equities research analysts recently issued reports on CHL shares. BidaskClub raised China Mobile (Hong Kong) from a “strong sell” rating to a “sell” rating in a research report on Wednesday, July 19th. Zacks Investment Research raised China Mobile (Hong Kong) from a “hold” rating to a “buy” rating and set a $60.00 price target on the stock in a research report on Tuesday, June 27th. Bank of America Corporation started coverage on China Mobile (Hong Kong) in a research report on Wednesday, August 30th. They set a “buy” rating on the stock. Finally, Morgan Stanley lowered China Mobile (Hong Kong) from an “overweight” rating to an “underweight” rating in a research report on Wednesday, July 5th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $63.00.

China Mobile (Hong Kong) Profile

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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