Wrapmanager Inc. boosted its position in shares of China Mobile (Hong Kong) Ltd. (NYSE:CHL) by 2.2% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,753 shares of the Wireless communications provider’s stock after buying an additional 186 shares during the period. Wrapmanager Inc.’s holdings in China Mobile (Hong Kong) were worth $465,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CHL. Earnest Partners LLC boosted its position in shares of China Mobile (Hong Kong) by 0.6% in the first quarter. Earnest Partners LLC now owns 12,155 shares of the Wireless communications provider’s stock worth $671,000 after buying an additional 73 shares during the last quarter. Parallel Advisors LLC boosted its position in shares of China Mobile (Hong Kong) by 2.8% in the first quarter. Parallel Advisors LLC now owns 4,716 shares of the Wireless communications provider’s stock worth $252,000 after buying an additional 127 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its position in shares of China Mobile (Hong Kong) by 0.5% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 34,515 shares of the Wireless communications provider’s stock worth $1,906,000 after buying an additional 163 shares during the last quarter. Foyston Gordon & Payne Inc boosted its position in shares of China Mobile (Hong Kong) by 2.1% in the first quarter. Foyston Gordon & Payne Inc now owns 9,893 shares of the Wireless communications provider’s stock worth $546,000 after buying an additional 200 shares during the last quarter. Finally, TD Asset Management Inc. boosted its position in shares of China Mobile (Hong Kong) by 0.9% in the first quarter. TD Asset Management Inc. now owns 25,250 shares of the Wireless communications provider’s stock worth $1,395,000 after buying an additional 214 shares during the last quarter. Hedge funds and other institutional investors own 1.96% of the company’s stock.

China Mobile (NYSE:CHL) opened at 56.08 on Tuesday. The company has a 50-day moving average price of $53.30 and a 200-day moving average price of $54.69. China Mobile has a one year low of $51.30 and a one year high of $63.72. The firm has a market cap of $229.65 billion, a PE ratio of 13.92 and a beta of 0.30.

ILLEGAL ACTIVITY WARNING: “China Mobile (Hong Kong) Ltd. (CHL) Shares Bought by Wrapmanager Inc.” was originally published by Watch List News and is owned by of Watch List News. If you are viewing this story on another domain, it was stolen and reposted in violation of US & international copyright and trademark law. The legal version of this story can be read at https://www.watchlistnews.com/china-mobile-hong-kong-ltd-chl-shares-bought-by-wrapmanager-inc/1490514.html.

A number of research analysts recently weighed in on the company. BidaskClub upgraded China Mobile (Hong Kong) from a “sell” rating to a “hold” rating in a report on Tuesday, July 25th. Zacks Investment Research cut China Mobile (Hong Kong) from a “buy” rating to a “hold” rating in a report on Wednesday, July 26th. Finally, Morgan Stanley cut China Mobile (Hong Kong) from an “overweight” rating to an “underweight” rating in a report on Wednesday, July 5th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $60.00.

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.

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 & 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 companies with Analyst Ratings Network's FREE daily email newsletter.