Gamco Investors INC. ET AL maintained its position in China Mobile (Hong Kong) Ltd. (NYSE:CHL) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 57,000 shares of the Wireless communications provider’s stock at the end of the second quarter. Gamco Investors INC. ET AL’s holdings in China Mobile (Hong Kong) were worth $3,026,000 as of its most recent filing with the SEC.
A number of other institutional investors have also added to or reduced their stakes in CHL. Bank of Montreal Can raised its position in 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 buying an additional 46,551 shares during the period. NorthCoast Asset Management LLC raised its position in 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 buying an additional 51,529 shares during the period. Morgan Stanley raised its position in 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 buying an additional 105,974 shares during the period. Credit Suisse AG raised its position in 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 buying an additional 113,056 shares during the period. Finally, Advisory Services Network LLC acquired a new position in China Mobile (Hong Kong) during the first quarter valued at approximately $364,000. Institutional investors and hedge funds own 1.96% of the company’s stock.
China Mobile (NYSE:CHL) opened at 55.98 on Friday. The company has a market cap of $229.24 billion, a price-to-earnings ratio of 13.81 and a beta of 0.30. The firm’s 50-day moving average is $53.94 and its 200 day moving average is $54.67. China Mobile has a 52-week low of $51.30 and a 52-week 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 given a dividend of $2.0457 per share. This represents a 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 research reports. Zacks Investment Research upgraded shares of China Mobile (Hong Kong) from a “hold” rating to a “buy” rating and set a $62.00 price objective for the company in a research report on Friday, August 18th. BidaskClub lowered shares of China Mobile (Hong Kong) from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. Finally, Morgan Stanley lowered shares of China Mobile (Hong Kong) from an “overweight” rating to an “underweight” rating in a research report on Wednesday, July 5th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $62.00.
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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