First Trust Advisors LP boosted its holdings in China Mobile (Hong Kong) Ltd. (NYSE:CHL) by 73.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 331,098 shares of the Wireless communications provider’s stock after buying an additional 140,013 shares during the period. First Trust Advisors LP’s holdings in China Mobile (Hong Kong) were worth $16,744,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of CHL. BlackRock Inc. boosted its stake in China Mobile (Hong Kong) by 351.7% in the 1st quarter. BlackRock Inc. now owns 3,114,943 shares of the Wireless communications provider’s stock worth $172,038,000 after buying an additional 2,425,378 shares during the last quarter. BT Investment Management Ltd acquired a new stake in China Mobile (Hong Kong) in the 2nd quarter worth about $42,224,000. Arrowstreet Capital Limited Partnership boosted its stake in China Mobile (Hong Kong) by 20.7% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 3,063,227 shares of the Wireless communications provider’s stock worth $162,627,000 after buying an additional 525,370 shares during the last quarter. Renaissance Technologies LLC boosted its stake in China Mobile (Hong Kong) by 12.0% in the 2nd quarter. Renaissance Technologies LLC now owns 3,192,500 shares of the Wireless communications provider’s stock worth $169,490,000 after buying an additional 341,000 shares during the last quarter. Finally, Mondrian Investment Partners LTD boosted its stake in China Mobile (Hong Kong) by 39.8% in the 2nd quarter. Mondrian Investment Partners LTD now owns 888,916 shares of the Wireless communications provider’s stock worth $47,193,000 after buying an additional 253,089 shares during the last quarter. 1.99% of the stock is currently owned by hedge funds and other institutional investors.

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A number of brokerages have issued reports on CHL. Zacks Investment Research raised 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, August 28th. BidaskClub raised China Mobile (Hong Kong) from a “sell” rating to a “hold” rating in a research note on Friday, August 11th. Finally, Bank of America Corporation began coverage on China Mobile (Hong Kong) in a research note on Wednesday, August 30th. They issued a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $57.00.

China Mobile (CHL) opened at $50.66 on Tuesday. China Mobile has a 52 week low of $50.00 and a 52 week high of $58.83.

The company also recently disclosed a special dividend, which was paid on Tuesday, October 10th. Stockholders of record on Thursday, August 31st were 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 of this dividend was Tuesday, August 29th.

China Mobile (Hong Kong) 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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