Cambridge Investment Research Advisors Inc. increased its position in shares of China Mobile (Hong Kong) Ltd. (NYSE:CHL) by 33.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,893 shares of the Wireless communications provider’s stock after buying an additional 9,283 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in China Mobile (Hong Kong) were worth $1,959,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Renaissance Group LLC raised its position in shares of China Mobile (Hong Kong) by 5.8% in the second quarter. Renaissance Group LLC now owns 257,539 shares of the Wireless communications provider’s stock worth $13,673,000 after buying an additional 14,205 shares in the last quarter. High Pointe Capital Management LLC bought a new position in shares of China Mobile (Hong Kong) during the second quarter worth $205,000. Intrust Bank NA raised its position in shares of China Mobile (Hong Kong) by 12.6% in the second quarter. Intrust Bank NA now owns 28,252 shares of the Wireless communications provider’s stock worth $1,500,000 after buying an additional 3,167 shares in the last quarter. Parallel Advisors LLC raised its position in shares of China Mobile (Hong Kong) by 19.2% in the second quarter. Parallel Advisors LLC now owns 5,623 shares of the Wireless communications provider’s stock worth $300,000 after buying an additional 907 shares in the last quarter. Finally, MAI Capital Management raised its position in shares of China Mobile (Hong Kong) by 4.0% in the second quarter. MAI Capital Management now owns 9,764 shares of the Wireless communications provider’s stock worth $518,000 after buying an additional 379 shares in the last quarter. 1.97% of the stock is currently owned by hedge funds and other institutional investors.

China Mobile (NYSE:CHL) opened at 53.08 on Friday. The stock has a market capitalization of $217.37 billion, a price-to-earnings ratio of 13.11 and a beta of 0.30. China Mobile has a 1-year low of $51.30 and a 1-year high of $63.26. The firm has a 50-day moving average of $54.30 and a 200-day moving average of $54.58. China Mobile (Hong Kong) also saw unusually large options trading activity on Tuesday. Traders acquired 8,297 call options on the company. This is an increase of approximately 777% compared to the average volume of 946 call options.

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

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A number of brokerages recently weighed in on CHL. Bank of America Corporation began coverage on shares of China Mobile (Hong Kong) in a research note on Wednesday. They issued a “buy” rating on the stock. Zacks Investment Research raised shares of China Mobile (Hong Kong) from a “hold” rating to a “buy” rating and set a $63.00 price target on the stock in a research note on Monday. Finally, BidaskClub raised shares of China Mobile (Hong Kong) from a “sell” rating to a “hold” rating in a research note on Friday, August 11th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. China Mobile (Hong Kong) presently has an average rating of “Hold” and a consensus target price of $63.00.

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.

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

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