Checchi Capital Advisers LLC Sells 1,284 Shares of China Mobile (Hong Kong) Ltd. (CHL)

Checchi Capital Advisers LLC trimmed its holdings in shares of China Mobile (Hong Kong) Ltd. (NYSE:CHL) by 7.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 15,658 shares of the Wireless communications provider’s stock after selling 1,284 shares during the period. Checchi Capital Advisers LLC’s holdings in China Mobile (Hong Kong) were worth $792,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in CHL. Wellington Management Group LLP lifted its holdings in shares of China Mobile (Hong Kong) by 3.4% during the first quarter. Wellington Management Group LLP now owns 99,243 shares of the Wireless communications provider’s stock valued at $5,481,000 after purchasing an additional 3,222 shares during the last quarter. Vanguard Group Inc. raised its holdings in China Mobile (Hong Kong) by 26.4% in the 1st quarter. Vanguard Group Inc. now owns 139,011 shares of the Wireless communications provider’s stock worth $7,677,000 after acquiring an additional 29,022 shares during the last quarter. BlackRock Inc. raised its holdings 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 acquiring an additional 2,425,378 shares during the last quarter. HighTower Advisors LLC raised its holdings in China Mobile (Hong Kong) by 27.5% in the 1st quarter. HighTower Advisors LLC now owns 8,099 shares of the Wireless communications provider’s stock worth $449,000 after acquiring an additional 1,746 shares during the last quarter. Finally, Fox Run Management L.L.C. raised its holdings in China Mobile (Hong Kong) by 51.9% in the 2nd quarter. Fox Run Management L.L.C. now owns 12,000 shares of the Wireless communications provider’s stock worth $637,000 after acquiring an additional 4,100 shares during the last quarter. Hedge funds and other institutional investors own 1.99% of the company’s stock.

A number of equities analysts recently weighed in on the stock. Zacks Investment Research lowered shares of China Mobile (Hong Kong) from a “buy” rating to a “hold” rating in a report on Monday, October 23rd. Bank of America Corporation assumed coverage on shares of China Mobile (Hong Kong) in a report on Wednesday, August 30th. They issued a “buy” rating for the company. Finally, BidaskClub upgraded shares of China Mobile (Hong Kong) from a “sell” rating to a “hold” rating in a report on Friday, August 11th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $57.00.

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Shares of China Mobile (CHL) traded down $0.10 during midday trading on Monday, reaching $50.75. 262,542 shares of the company were exchanged, compared to its average volume of 1,010,000. 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. Investors of record on Thursday, August 31st were issued a $2.0457 dividend. This is a positive change from China Mobile (Hong Kong)’s previous special dividend of $0.77. This represents a yield of 3.73%. The ex-dividend date was Tuesday, August 29th. China Mobile (Hong Kong)’s payout ratio is presently 40.44%.

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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