Advisory Research Inc. continued to hold its position in China Mobile (Hong Kong) Ltd. (NYSE:CHL) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 58,973 shares of the Wireless communications provider’s stock at the close of the 2nd quarter. Advisory Research Inc.’s holdings in China Mobile (Hong Kong) were worth $3,257,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CHL. JFS Wealth Advisors LLC grew its holdings in 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 purchasing an additional 342 shares in the last quarter. Israel Discount Bank of New York grew its holdings in China Mobile (Hong Kong) by 43.0% during the 2nd quarter. Israel Discount Bank of New York now owns 3,075 shares of the Wireless communications provider’s stock valued at $163,000 after purchasing an additional 925 shares in the last quarter. Signaturefd LLC acquired a new stake in China Mobile (Hong Kong) during the 1st quarter valued at $203,000. High Pointe Capital Management LLC acquired a new stake in China Mobile (Hong Kong) during the 2nd quarter valued at $205,000. Finally, First Allied Advisory Services Inc. grew its holdings in China Mobile (Hong Kong) by 0.5% during the 2nd quarter. First Allied Advisory Services Inc. now owns 4,289 shares of the Wireless communications provider’s stock valued at $227,000 after purchasing an additional 23 shares in the last quarter. 1.97% of the stock is owned by institutional investors and hedge funds.

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China Mobile (NYSE CHL) traded down 1.06% on Wednesday, reaching $50.29. 168,863 shares of the company’s stock were exchanged. The stock has a market capitalization of $205.94 billion, a PE ratio of 12.13 and a beta of 0.29. The firm has a 50 day moving average of $52.32 and a 200 day moving average of $53.70. China Mobile has a 12 month low of $50.07 and a 12 month high of $61.58.

The firm also recently declared 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 of this dividend was Tuesday, August 29th. This is a positive change from China Mobile (Hong Kong)’s previous special dividend of $0.77.

A number of research analysts have commented on CHL shares. BidaskClub upgraded shares of China Mobile (Hong Kong) from a “sell” rating to a “hold” rating in a research note on Tuesday, July 25th. Zacks Investment Research downgraded shares of China Mobile (Hong Kong) from a “buy” rating to a “hold” rating in a research note on Wednesday, July 26th. 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. Finally, Bank of America Corporation started coverage on shares of China Mobile (Hong Kong) in a research note on Wednesday, August 30th. They set a “buy” rating on the stock. One equities 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 stock. The company has a consensus rating of “Hold” and a consensus price target of $57.00.

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.

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

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