Airain ltd cut its position in shares of China Mobile (Hong Kong) Ltd. (NYSE:CHL) by 12.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,782 shares of the Wireless communications provider’s stock after selling 6,126 shares during the period. Airain ltd’s holdings in China Mobile (Hong Kong) were worth $2,271,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. JFS Wealth Advisors LLC raised its position in shares of China Mobile (Hong Kong) by 19.0% in the second quarter. JFS Wealth Advisors LLC now owns 2,138 shares of the Wireless communications provider’s stock worth $114,000 after buying an additional 342 shares during the period. Israel Discount Bank of New York acquired a new position in shares of China Mobile (Hong Kong) during the first quarter worth about $119,000. SRS Capital Advisors Inc. raised its position in shares of China Mobile (Hong Kong) by 67.1% in the first quarter. SRS Capital Advisors Inc. now owns 2,635 shares of the Wireless communications provider’s stock worth $145,000 after buying an additional 1,058 shares during the period. Signaturefd LLC acquired a new position in shares of China Mobile (Hong Kong) during the first quarter worth about $203,000. Finally, Sawtooth Solutions LLC acquired a new position in shares of China Mobile (Hong Kong) during the first quarter worth about $211,000. Institutional investors own 1.97% of the company’s stock.

China Mobile (CHL) opened at 53.43 on Wednesday. The company has a market cap of $218.80 billion, a price-to-earnings ratio of 13.18 and a beta of 0.30. The firm’s 50-day moving average is $54.07 and its 200 day moving average is $54.66. China Mobile has a 12-month low of $51.30 and a 12-month high of $63.26. China Mobile (Hong Kong) also saw some unusual options trading on Tuesday. Traders purchased 8,297 call options on the company. This represents an increase of approximately 777% compared to the typical volume of 946 call options.

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

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CHL has been the subject of a number of research reports. Zacks Investment Research upgraded shares of China Mobile (Hong Kong) from a “hold” rating to a “buy” rating and set a $60.00 price objective for the company in a report on Tuesday, June 27th. BidaskClub upgraded shares of China Mobile (Hong Kong) from a “sell” rating to a “hold” rating in a report on Tuesday, July 25th. One equities 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 $63.00.

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.

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

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