Voya Investment Management LLC raised its position in China Mobile (Hong Kong) Ltd. (NYSE:CHL) by 5.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 90,920 shares of the Wireless communications provider’s stock after purchasing an additional 4,858 shares during the quarter. Voya Investment Management LLC’s holdings in China Mobile (Hong Kong) were worth $4,827,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. grew its stake in China Mobile (Hong Kong) by 260.7% in the 1st quarter. JPMorgan Chase & Co. now owns 78,448 shares of the Wireless communications provider’s stock worth $4,333,000 after acquiring an additional 56,699 shares in the last quarter. Wellington Management Group LLP grew its stake in China Mobile (Hong Kong) by 3.4% in the 1st quarter. Wellington Management Group LLP now owns 99,243 shares of the Wireless communications provider’s stock worth $5,481,000 after acquiring an additional 3,222 shares in the last quarter. MARSHALL WACE ASIA Ltd bought a new position in China Mobile (Hong Kong) in the 1st quarter worth about $5,288,000. Marshall Wace North America L.P. bought a new position in China Mobile (Hong Kong) in the 1st quarter worth about $5,288,000. Finally, Vanguard Group Inc. grew its stake in China Mobile (Hong Kong) by 26.4% in the 1st quarter. Vanguard Group Inc. now owns 139,011 shares of the Wireless communications provider’s stock worth $7,677,000 after acquiring an additional 29,022 shares in the last quarter. 1.97% of the stock is currently owned by institutional investors.

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China Mobile (CHL) opened at 50.39 on Friday. The company has a market capitalization of $206.35 billion, a P/E ratio of 12.16 and a beta of 0.29. China Mobile has a 52 week low of $50.07 and a 52 week high of $61.23. The firm has a 50-day moving average of $51.98 and a 200-day moving average of $53.65.

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

CHL has been the topic of a number of research analyst reports. BidaskClub upgraded shares of China Mobile (Hong Kong) from a “strong sell” rating to a “sell” rating in a research note on Wednesday, July 19th. Zacks Investment Research downgraded shares of China Mobile (Hong Kong) from a “buy” rating to a “hold” rating in a research note on Thursday, August 17th. Bank of America Corporation initiated coverage on shares of China Mobile (Hong Kong) in a research note on Wednesday, August 30th. They issued a “buy” rating on the stock. Finally, Morgan Stanley downgraded shares of China Mobile (Hong Kong) from an “overweight” rating to an “underweight” rating in a research note on Wednesday, July 5th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. China Mobile (Hong Kong) presently has a consensus rating of “Hold” and an average target price of $57.00.

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.

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

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