CIBC World Markets Inc. grew its holdings in shares of China Mobile (Hong Kong) Ltd. (NYSE:CHL) by 31.7% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 176,839 shares of the Wireless communications provider’s stock after buying an additional 42,524 shares during the period. CIBC World Markets Inc.’s holdings in China Mobile (Hong Kong) were worth $9,388,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. JFS Wealth Advisors LLC boosted its holdings 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 worth $114,000 after buying an additional 342 shares in the last quarter. Israel Discount Bank of New York bought a new position in shares of China Mobile (Hong Kong) during the 1st quarter worth approximately $119,000. SRS Capital Advisors Inc. boosted its holdings 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 worth $145,000 after buying an additional 1,058 shares in the last quarter. Signaturefd LLC bought a new position in shares of China Mobile (Hong Kong) during the 1st quarter worth approximately $203,000. Finally, High Pointe Capital Management LLC bought a new position in shares of China Mobile (Hong Kong) during the 2nd quarter worth approximately $205,000. Hedge funds and other institutional investors own 1.97% of the company’s stock.

A number of equities analysts have issued reports on CHL shares. Zacks Investment Research upgraded China Mobile (Hong Kong) from a “hold” rating to a “buy” rating and set a $60.00 price target on the stock in a report on Tuesday, June 27th. Bank of America Corporation started coverage on China Mobile (Hong Kong) in a report on Wednesday, August 30th. They set a “buy” rating on the stock. Finally, BidaskClub upgraded China Mobile (Hong Kong) from a “sell” rating to a “hold” rating in a report on Tuesday, July 25th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $63.00.

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China Mobile (CHL) opened at 52.69 on Friday. The company has a market capitalization of $215.77 billion, a PE ratio of 13.01 and a beta of 0.31. The firm’s 50 day moving average price is $54.29 and its 200-day moving average price is $54.44. China Mobile has a 12-month low of $51.30 and a 12-month high of $63.26.

The firm also recently announced a special dividend, which will be paid on Tuesday, October 10th. Stockholders of record on Thursday, August 31st will be paid a dividend of $2.0457 per share. The ex-dividend date of this dividend is Tuesday, August 29th. This is a boost from China Mobile (Hong Kong)’s previous special dividend of $0.77. This represents a dividend yield of 3.73%.

China Mobile (Hong Kong) Company 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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