Flossbach Von Storch AG Maintains Stake in China Mobile (Hong Kong) Ltd. (CHL)

Flossbach Von Storch AG held its position in shares of China Mobile (Hong Kong) Ltd. (NYSE:CHL) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 20,340 shares of the Wireless communications provider’s stock at the end of the second quarter. Flossbach Von Storch AG’s holdings in China Mobile (Hong Kong) were worth $1,080,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Steinberg Global Asset Management raised its position in shares of China Mobile (Hong Kong) by 2.2% in the second quarter. Steinberg Global Asset Management now owns 12,761 shares of the Wireless communications provider’s stock worth $677,000 after buying an additional 269 shares in the last quarter. Campbell & CO Investment Adviser LLC purchased a new position in shares of China Mobile (Hong Kong) during the second quarter worth $750,000. Naples Global Advisors LLC raised its position in shares of China Mobile (Hong Kong) by 3.4% in the second quarter. Naples Global Advisors LLC now owns 28,915 shares of the Wireless communications provider’s stock worth $1,535,000 after buying an additional 950 shares in the last quarter. Deltec Asset Management LLC raised its position in shares of China Mobile (Hong Kong) by 28.4% in the second quarter. Deltec Asset Management LLC now owns 133,965 shares of the Wireless communications provider’s stock worth $7,110,000 after buying an additional 29,630 shares in the last quarter. Finally, Gilman Hill Asset Management LLC raised its position in shares of China Mobile (Hong Kong) by 11.0% in the second quarter. Gilman Hill Asset Management LLC now owns 11,419 shares of the Wireless communications provider’s stock worth $606,000 after buying an additional 1,130 shares in the last quarter. 1.96% of the stock is currently owned by institutional investors and hedge funds.

Shares of China Mobile (NYSE CHL) opened at 55.36 on Friday. The stock has a 50 day moving average price of $53.58 and a 200-day moving average price of $54.69. China Mobile has a 52 week low of $51.30 and a 52 week high of $63.34. The stock has a market cap of $226.70 billion, a P/E ratio of 13.74 and a beta of 0.30.

The firm also recently announced 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. This represents a yield of 3.73%. This is a boost from China Mobile (Hong Kong)’s previous special dividend of $0.77. The ex-dividend date of this dividend is Tuesday, August 29th.

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A number of research analysts have recently weighed in on the company. Zacks Investment Research raised China Mobile (Hong Kong) from a “hold” rating to a “buy” rating and set a $62.00 price objective on the stock in a report on Friday. BidaskClub upgraded China Mobile (Hong Kong) from a “sell” rating to a “hold” rating in a research note on Friday, August 11th. Finally, Morgan Stanley downgraded China Mobile (Hong Kong) from an “overweight” rating to an “underweight” rating in a research note on Wednesday, July 5th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. China Mobile (Hong Kong) currently has a consensus rating of “Hold” and an average 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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