BB&T Securities LLC raised its position in shares of China Mobile (Hong Kong) Ltd. (NYSE:CHL) by 9.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 22,213 shares of the Wireless communications provider’s stock after buying an additional 1,899 shares during the period. BB&T Securities LLC’s holdings in China Mobile (Hong Kong) were worth $1,179,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Boston Partners acquired a new position in shares of China Mobile (Hong Kong) during the first quarter worth about $325,000. Capital Fund Management S.A. increased its position in shares of China Mobile (Hong Kong) by 93.5% in the first quarter. Capital Fund Management S.A. now owns 44,538 shares of the Wireless communications provider’s stock worth $2,460,000 after buying an additional 21,521 shares during the period. Bbva Compass Bancshares Inc. increased its position in shares of China Mobile (Hong Kong) by 24.7% in the first quarter. Bbva Compass Bancshares Inc. now owns 35,062 shares of the Wireless communications provider’s stock worth $1,936,000 after buying an additional 6,951 shares during the period. First Trust Advisors LP increased its position in shares of China Mobile (Hong Kong) by 38.8% in the first quarter. First Trust Advisors LP now owns 141,052 shares of the Wireless communications provider’s stock worth $7,790,000 after buying an additional 39,444 shares during the period. Finally, Wrapmanager Inc. increased its position in shares of China Mobile (Hong Kong) by 18.5% in the first quarter. Wrapmanager Inc. now owns 8,567 shares of the Wireless communications provider’s stock worth $473,000 after buying an additional 1,336 shares during the period. 1.97% of the stock is owned by hedge funds and other institutional investors.

Shares of China Mobile (NYSE:CHL) opened at 56.15 on Monday. China Mobile has a 52 week low of $51.30 and a 52 week high of $63.26. The firm has a 50-day moving average price of $54.07 and a 200-day moving average price of $54.66. The stock has a market cap of $229.94 billion, a PE ratio of 13.85 and a beta of 0.30.

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

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A number of equities analysts recently issued reports on the company. Zacks Investment Research downgraded China Mobile (Hong Kong) from a “buy” rating to a “hold” rating in a report on Friday. BidaskClub raised 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, five have given a hold rating and one has issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $62.00.

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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