Bank Hapoalim BM lowered its position in shares of China Mobile (Hong Kong) Ltd. (NYSE:CHL) by 58.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 27,300 shares of the Wireless communications provider’s stock after selling 38,350 shares during the period. Bank Hapoalim BM’s holdings in China Mobile (Hong Kong) were worth $1,449,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. JFS Wealth Advisors LLC increased its position in shares of China Mobile (Hong Kong) by 19.0% during the second quarter. JFS Wealth Advisors LLC now owns 2,138 shares of the Wireless communications provider’s stock worth $114,000 after purchasing 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 first quarter worth about $119,000. SRS Capital Advisors Inc. increased its position in shares of China Mobile (Hong Kong) by 67.1% during the first quarter. SRS Capital Advisors Inc. now owns 2,635 shares of the Wireless communications provider’s stock worth $145,000 after purchasing an additional 1,058 shares in the last quarter. Signaturefd LLC acquired a new stake in shares of China Mobile (Hong Kong) during the first quarter worth about $203,000. Finally, High Pointe Capital Management LLC acquired a new stake in shares of China Mobile (Hong Kong) during the second quarter worth about $205,000. Institutional investors and hedge funds own 1.97% of the company’s stock.

Shares of China Mobile (NYSE CHL) traded up 1.00% during trading on Friday, reaching $52.45. The company had a trading volume of 745,445 shares. The stock has a market capitalization of $214.79 billion, a price-to-earnings ratio of 12.81 and a beta of 0.31. China Mobile has a 52-week low of $51.30 and a 52-week high of $63.26. The stock has a 50 day moving average of $54.12 and a 200 day moving average of $54.31.

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

Several brokerages recently issued reports on CHL. Zacks Investment Research cut China Mobile (Hong Kong) from a “buy” rating to a “hold” rating in a research report on Friday, August 25th. Bank of America Corporation began coverage on China Mobile (Hong Kong) in a research report on Wednesday, August 30th. They issued a “buy” rating on the stock. Morgan Stanley cut China Mobile (Hong Kong) from an “overweight” rating to an “underweight” rating in a research report on Wednesday, July 5th. Finally, BidaskClub upgraded China Mobile (Hong Kong) from a “strong sell” rating to a “sell” rating in a research report on Wednesday, July 19th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $63.00.

COPYRIGHT VIOLATION WARNING: This article was posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this article on another domain, it was copied illegally and reposted in violation of U.S. & international trademark & copyright laws. The legal version of this article can be accessed at https://www.thecerbatgem.com/2017/09/17/china-mobile-hong-kong-ltd-chl-shares-sold-by-bank-hapoalim-bm.html.

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.

Want to see what other hedge funds are holding CHL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for China Mobile (Hong Kong) Ltd. (NYSE:CHL).

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

Receive News & Stock Ratings for China Mobile (Hong Kong) Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for China Mobile (Hong Kong) Ltd. and related stocks with our FREE daily email newsletter.