Harding Loevner LP lifted its stake in China Mobile (Hong Kong) Ltd. (NYSE:CHL) by 1.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,204,475 shares of the Wireless communications provider’s stock after acquiring an additional 41,775 shares during the period. Harding Loevner LP owned approximately 0.08% of China Mobile (Hong Kong) worth $170,126,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Lazard Asset Management LLC boosted its holdings in shares of China Mobile (Hong Kong) by 5.7% in the first quarter. Lazard Asset Management LLC now owns 16,123,221 shares of the Wireless communications provider’s stock worth $890,484,000 after acquiring an additional 864,087 shares during the period. Matthews International Capital Management LLC boosted its holdings in shares of China Mobile (Hong Kong) by 0.6% in the second quarter. Matthews International Capital Management LLC now owns 5,800,588 shares of the Wireless communications provider’s stock worth $307,953,000 after acquiring an additional 32,113 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of China Mobile (Hong Kong) by 3.4% in the first quarter. Dimensional Fund Advisors LP now owns 3,947,974 shares of the Wireless communications provider’s stock worth $218,001,000 after acquiring an additional 128,180 shares during the period. BlackRock Inc. boosted its holdings in shares of China Mobile (Hong Kong) by 9.9% in the second quarter. BlackRock Inc. now owns 3,421,778 shares of the Wireless communications provider’s stock worth $181,663,000 after acquiring an additional 306,835 shares during the period. Finally, Macquarie Group Ltd. boosted its holdings in shares of China Mobile (Hong Kong) by 23.7% in the first quarter. Macquarie Group Ltd. now owns 2,640,944 shares of the Wireless communications provider’s stock worth $145,859,000 after acquiring an additional 506,057 shares during the period. 1.97% of the stock is owned by hedge funds and other institutional investors.

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China Mobile (NYSE CHL) traded down 0.86% during midday trading on Friday, reaching $50.64. The company had a trading volume of 938,107 shares. China Mobile has a 52 week low of $50.46 and a 52 week high of $63.26. The firm has a 50-day moving average price of $54.04 and a 200-day moving average price of $54.24. The company has a market capitalization of $207.38 billion, a price-to-earnings ratio of 12.22 and a beta of 0.31.

The company 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 $2.0457 dividend. The ex-dividend date is Tuesday, August 29th. This represents a yield of 3.73%. This is an increase from China Mobile (Hong Kong)’s previous special dividend of $0.77.

A number of equities analysts have recently commented on the company. Zacks Investment Research lowered China Mobile (Hong Kong) from a “buy” rating to a “hold” rating in a report on Friday. Bank of America Corporation assumed coverage on China Mobile (Hong Kong) in a report on Wednesday, August 30th. They issued a “buy” rating for the company. Finally, BidaskClub raised China Mobile (Hong Kong) from a “sell” rating to a “hold” rating in a report on Friday, August 11th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $59.00.

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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