Pacer Advisors Inc. lowered its position in China Mobile (Hong Kong) Ltd. (NYSE:CHL) by 6.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,207 shares of the Wireless communications provider’s stock after selling 348 shares during the period. Pacer Advisors Inc.’s holdings in China Mobile (Hong Kong) were worth $276,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of China Mobile (Hong Kong) by 26.4% in the first quarter. Vanguard Group Inc. now owns 139,011 shares of the Wireless communications provider’s stock valued at $7,677,000 after acquiring an additional 29,022 shares during the last quarter. Bank of Montreal Can raised its stake in shares of China Mobile (Hong Kong) by 25.3% in the second quarter. Bank of Montreal Can now owns 230,423 shares of the Wireless communications provider’s stock valued at $12,233,000 after acquiring an additional 46,551 shares during the last quarter. NorthCoast Asset Management LLC raised its stake in shares of China Mobile (Hong Kong) by 147.6% in the first quarter. NorthCoast Asset Management LLC now owns 86,441 shares of the Wireless communications provider’s stock valued at $4,774,000 after acquiring an additional 51,529 shares during the last quarter. Morgan Stanley raised its stake in shares of China Mobile (Hong Kong) by 13.9% in the first quarter. Morgan Stanley now owns 868,708 shares of the Wireless communications provider’s stock valued at $47,978,000 after acquiring an additional 105,974 shares during the last quarter. Finally, Credit Suisse AG raised its stake in shares of China Mobile (Hong Kong) by 35.6% in the first quarter. Credit Suisse AG now owns 431,036 shares of the Wireless communications provider’s stock valued at $23,807,000 after acquiring an additional 113,056 shares during the last quarter. Institutional investors own 1.97% of the company’s stock.

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Shares of China Mobile (NYSE:CHL) opened at 52.50 on Thursday. The company has a 50 day moving average of $54.22 and a 200-day moving average of $54.36. The firm has a market cap of $214.99 billion, a price-to-earnings ratio of 12.82 and a beta of 0.31. China Mobile has a one year low of $51.30 and a one year high of $63.26.

The business also recently disclosed a special dividend, which will be paid on Tuesday, October 10th. Investors of record on Thursday, August 31st will be paid a $2.0457 dividend. 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 yield of 3.73%.

A number of research firms have recently issued reports on CHL. Zacks Investment Research cut shares of China Mobile (Hong Kong) from a “buy” rating to a “hold” rating in a research note on Friday, August 25th. BidaskClub upgraded shares of 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 shares of China Mobile (Hong Kong) in a research note on Wednesday, August 30th. They issued a “buy” rating for the company. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. China Mobile (Hong Kong) has a consensus rating of “Hold” and a consensus target price of $63.00.

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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