Stevens Capital Management LP grew its holdings in shares of China Mobile (Hong Kong) Ltd. (NYSE:CHL) by 20.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 33,120 shares of the Wireless communications provider’s stock after purchasing an additional 5,624 shares during the period. Stevens Capital Management LP’s holdings in China Mobile (Hong Kong) were worth $1,758,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the company. Earnest Partners LLC lifted its holdings in shares of China Mobile (Hong Kong) by 0.6% during the first quarter. Earnest Partners LLC now owns 12,155 shares of the Wireless communications provider’s stock valued at $671,000 after purchasing an additional 73 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in shares of China Mobile (Hong Kong) by 0.5% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 22,978 shares of the Wireless communications provider’s stock valued at $1,220,000 after purchasing an additional 110 shares during the last quarter. Parallel Advisors LLC lifted its holdings in shares of China Mobile (Hong Kong) by 2.8% during the first quarter. Parallel Advisors LLC now owns 4,716 shares of the Wireless communications provider’s stock valued at $252,000 after purchasing an additional 127 shares during the last quarter. Wrapmanager Inc. lifted its holdings in shares of China Mobile (Hong Kong) by 2.2% during the second quarter. Wrapmanager Inc. now owns 8,753 shares of the Wireless communications provider’s stock valued at $465,000 after purchasing an additional 186 shares during the last quarter. Finally, Foyston Gordon & Payne Inc lifted its holdings in shares of China Mobile (Hong Kong) by 2.1% during the first quarter. Foyston Gordon & Payne Inc now owns 9,893 shares of the Wireless communications provider’s stock valued at $546,000 after purchasing an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 1.97% of the company’s stock.

China Mobile (NYSE CHL) opened at 51.08 on Friday. The stock has a market capitalization of $209.18 billion, a price-to-earnings ratio of 12.47 and a beta of 0.31. The stock’s 50 day moving average is $54.04 and its 200 day moving average is $54.24. China Mobile has a 12-month low of $51.06 and a 12-month high of $63.26.

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

CHL has been the subject of several recent research reports. Bank of America Corporation initiated coverage on shares of China Mobile (Hong Kong) in a report on Wednesday, August 30th. They set a “buy” rating for the company. Zacks Investment Research lowered shares of China Mobile (Hong Kong) from a “buy” rating to a “hold” rating in a report on Friday, August 25th. Morgan Stanley lowered shares of China Mobile (Hong Kong) from an “overweight” rating to an “underweight” rating in a report on Wednesday, July 5th. Finally, BidaskClub upgraded shares of China Mobile (Hong Kong) from a “strong sell” rating to a “sell” rating in a report on Wednesday, July 19th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $59.00.

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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.

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Institutional Ownership by Quarter for China Mobile (Hong Kong) (NYSE:CHL)

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