Sterling Capital Management LLC Sells 1,054 Shares of China Mobile (Hong Kong) Ltd. (CHL)

Sterling Capital Management LLC lowered its stake in shares of China Mobile (Hong Kong) Ltd. (NYSE:CHL) by 18.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,756 shares of the Wireless communications provider’s stock after selling 1,054 shares during the period. Sterling Capital Management LLC’s holdings in China Mobile (Hong Kong) were worth $252,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. JFS Wealth Advisors LLC boosted its stake in China Mobile (Hong Kong) by 19.0% during the second quarter. JFS Wealth Advisors LLC now owns 2,138 shares of the Wireless communications provider’s stock worth $114,000 after buying an additional 342 shares during the last quarter. Israel Discount Bank of New York boosted its stake in China Mobile (Hong Kong) by 43.0% during the second quarter. Israel Discount Bank of New York now owns 3,075 shares of the Wireless communications provider’s stock worth $163,000 after buying an additional 925 shares during the last quarter. High Pointe Capital Management LLC acquired a new position in China Mobile (Hong Kong) during the second quarter worth $205,000. First Allied Advisory Services Inc. boosted its stake in China Mobile (Hong Kong) by 0.5% during 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 last quarter. Finally, MML Investors Services LLC boosted its stake in China Mobile (Hong Kong) by 8.7% during the second quarter. MML Investors Services LLC now owns 4,529 shares of the Wireless communications provider’s stock worth $240,000 after buying an additional 363 shares during the last quarter. 1.97% of the stock is currently owned by institutional investors.

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CHL has been the topic of a number of recent research reports. BidaskClub raised China Mobile (Hong Kong) from a “strong sell” rating to a “sell” rating in a research note on Wednesday, July 19th. Zacks Investment Research lowered China Mobile (Hong Kong) from a “buy” rating to a “hold” rating in a research note on Monday, October 23rd. Bank of America Corporation initiated coverage on China Mobile (Hong Kong) in a research note on Wednesday, August 30th. They set a “buy” rating on the stock. Finally, Morgan Stanley lowered China Mobile (Hong Kong) from an “overweight” rating to an “underweight” rating in a research note on Wednesday, July 5th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $57.00.

China Mobile (NYSE CHL) opened at 50.64 on Friday. The stock has a 50 day moving average price of $51.02 and a 200 day moving average price of $53.27. China Mobile has a 52 week low of $50.00 and a 52 week high of $58.83. The firm has a market cap of $207.38 billion, a price-to-earnings ratio of 12.22 and a beta of 0.29.

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

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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