Howard Hughes Medical Institute maintained its stake in China Mobile (Hong Kong) Ltd. (NYSE:CHL) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 115,000 shares of the Wireless communications provider’s stock at the close of the 2nd quarter. China Mobile (Hong Kong) accounts for 1.1% of Howard Hughes Medical Institute’s portfolio, making the stock its 19th largest position. Howard Hughes Medical Institute’s holdings in China Mobile (Hong Kong) were worth $6,105,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently modified their holdings of the company. JFS Wealth Advisors LLC boosted its stake in shares of 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 valued at $114,000 after purchasing an additional 342 shares during the period. Israel Discount Bank of New York purchased a new stake in shares of China Mobile (Hong Kong) during the first quarter valued at $119,000. SRS Capital Advisors Inc. boosted its stake in shares of China Mobile (Hong Kong) by 67.1% during the first quarter. SRS Capital Advisors Inc. now owns 2,635 shares of the Wireless communications provider’s stock valued at $145,000 after purchasing an additional 1,058 shares during the period. Signaturefd LLC purchased a new stake in shares of China Mobile (Hong Kong) during the first quarter valued at $203,000. Finally, High Pointe Capital Management LLC purchased a new stake in shares of China Mobile (Hong Kong) during the second quarter valued at $205,000. 1.97% of the stock is owned by hedge funds and other institutional investors.
China Mobile (CHL) traded up 1.00% during mid-day trading on Friday, reaching $52.45. 745,445 shares of the company were exchanged. The stock has a market capitalization of $214.79 billion, a price-to-earnings ratio of 12.81 and a beta of 0.31. China Mobile has a 1-year low of $51.30 and a 1-year high of $63.26. The stock’s 50-day moving average price is $54.12 and its 200-day moving average price is $54.31.
The firm also recently disclosed a special dividend, which will be paid on Tuesday, October 10th. Investors of record on Thursday, August 31st will be given a dividend of $2.0457 per share. This represents a dividend yield of 3.73%. This is an increase from China Mobile (Hong Kong)’s previous special dividend of $0.77. The ex-dividend date is Tuesday, August 29th.
A number of brokerages have recently issued reports on CHL. Zacks Investment Research raised shares of China Mobile (Hong Kong) from a “hold” rating to a “buy” rating and set a $62.00 target price for the company in a research note on Friday, August 18th. BidaskClub raised shares of China Mobile (Hong Kong) from a “sell” rating to a “hold” rating in a research note on Friday, August 11th. One analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $63.00.
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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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