China Mobile (Hong Kong) Ltd. (CHL) Position Raised by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC boosted its stake in shares of China Mobile (Hong Kong) Ltd. (NYSE:CHL) by 8.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 28,993 shares of the Wireless communications provider’s stock after buying an additional 2,325 shares during the period. Janney Montgomery Scott LLC’s holdings in China Mobile (Hong Kong) were worth $1,539,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Earnest Partners LLC increased its position in 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 in the last quarter. Parallel Advisors LLC increased its position in 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 in the last quarter. Raymond James Financial Services Advisors Inc. increased its position in 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 in the last quarter. Foyston Gordon & Payne Inc increased its position in 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 in the last quarter. Finally, TD Asset Management Inc. raised its stake in 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 valued at $1,395,000 after buying an additional 214 shares during the last quarter. 1.96% of the stock is currently owned by institutional investors and hedge funds.

China Mobile (NYSE CHL) traded up 0.51% on Friday, hitting $55.36. 455,698 shares of the stock were exchanged. The company’s 50 day moving average is $53.58 and its 200 day moving average is $54.69. China Mobile has a 1-year low of $51.30 and a 1-year high of $63.34. The stock has a market cap of $226.70 billion, a PE ratio of 13.65 and a beta of 0.30.

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

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Several equities research analysts have recently issued reports on the stock. Zacks Investment Research raised 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. BidaskClub raised shares of China Mobile (Hong Kong) from a “sell” rating to a “hold” rating in a report on Friday, August 11th. Finally, Morgan Stanley lowered shares of China Mobile (Hong Kong) from an “overweight” rating to an “underweight” rating in a report on Wednesday, July 5th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. China Mobile (Hong Kong) currently has an average rating of “Hold” and a consensus price target of $62.00.

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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