Macquarie Group Ltd. grew its stake in shares of China Mobile (Hong Kong) Ltd. (NYSE:CHL) by 6.7% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,818,328 shares of the Wireless communications provider’s stock after purchasing an additional 177,384 shares during the quarter. Macquarie Group Ltd. owned approximately 0.07% of China Mobile (Hong Kong) worth $149,625,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Royal Bank of Canada boosted its stake in shares of China Mobile (Hong Kong) by 16.8% during the second quarter. Royal Bank of Canada now owns 438,307 shares of the Wireless communications provider’s stock valued at $23,269,000 after purchasing an additional 63,074 shares during the period. People s United Financial Inc. increased its stake in shares of China Mobile (Hong Kong) by 3.1% in the second quarter. People s United Financial Inc. now owns 52,367 shares of the Wireless communications provider’s stock worth $2,780,000 after buying an additional 1,595 shares during the period. First Allied Advisory Services Inc. increased its stake in shares of China Mobile (Hong Kong) by 0.5% in the second quarter. First Allied Advisory Services Inc. now owns 4,289 shares of the Wireless communications provider’s stock worth $227,000 after buying an additional 23 shares during the period. Stifel Financial Corp increased its stake in shares of China Mobile (Hong Kong) by 3.8% in the second quarter. Stifel Financial Corp now owns 34,485 shares of the Wireless communications provider’s stock worth $1,830,000 after buying an additional 1,272 shares during the period. Finally, Voya Investment Management LLC increased its stake in shares of China Mobile (Hong Kong) by 5.6% in the second quarter. Voya Investment Management LLC now owns 90,920 shares of the Wireless communications provider’s stock worth $4,827,000 after buying an additional 4,858 shares during the period. 1.97% of the stock is owned by hedge funds and other institutional investors.

COPYRIGHT VIOLATION NOTICE: “Macquarie Group Ltd. Buys 177,384 Shares of China Mobile (Hong Kong) Ltd. (CHL)” was first posted by Watch List News and is the sole property of of Watch List News. If you are reading this report on another website, it was illegally stolen and reposted in violation of US & international copyright and trademark laws. The legal version of this report can be viewed at https://www.watchlistnews.com/macquarie-group-ltd-buys-177384-shares-of-china-mobile-hong-kong-ltd-chl/1608225.html.

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

Shares of China Mobile (NYSE:CHL) traded down 0.45% on Wednesday, reaching $50.49. The company had a trading volume of 993,133 shares. China Mobile has a 52 week low of $50.34 and a 52 week high of $63.26. The stock’s 50 day moving average is $53.07 and its 200 day moving average is $53.95. The firm has a market capitalization of $206.76 billion, a price-to-earnings ratio of 12.18 and a beta of 0.29.

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

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)

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.