Wedbush Securities Inc. bought a new stake in shares of China Mobile (Hong Kong) Ltd. (NYSE:CHL) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 4,114 shares of the Wireless communications provider’s stock, valued at approximately $208,000.

Several other large investors also recently bought and sold shares of CHL. Westpac Banking Corp acquired a new position in shares of China Mobile (Hong Kong) during the third quarter worth approximately $8,308,000. Crossmark Global Holdings Inc. acquired a new stake in China Mobile (Hong Kong) in the third quarter worth approximately $8,781,000. Athos Capital Ltd lifted its position in China Mobile (Hong Kong) by 54.1% in the third quarter. Athos Capital Ltd now owns 110,000 shares of the Wireless communications provider’s stock worth $1,623,000 after purchasing an additional 38,600 shares during the period. Well Done LLC acquired a new stake in China Mobile (Hong Kong) in the third quarter worth approximately $205,000. Finally, State of New Jersey Common Pension Fund D lifted its position in China Mobile (Hong Kong) by 41.9% in the third quarter. State of New Jersey Common Pension Fund D now owns 706,554 shares of the Wireless communications provider’s stock worth $35,730,000 after purchasing an additional 208,600 shares during the period. 1.99% of the stock is owned by institutional investors.

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A number of research firms have weighed in on CHL. Zacks Investment Research upgraded China Mobile (Hong Kong) from a “hold” rating to a “buy” rating and set a $62.00 target price for the company in a research report on Friday, August 18th. BidaskClub upgraded China Mobile (Hong Kong) from a “sell” rating to a “hold” rating in a research report on Friday, August 11th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $57.00.

Shares of China Mobile (NYSE CHL) opened at $50.75 on Wednesday. China Mobile has a one year low of $50.00 and a one year high of $58.83.

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

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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