21,694 Shares in China Mobile (Hong Kong) Ltd. (CHL) Acquired by OxFORD Asset Management LLP

OxFORD Asset Management LLP acquired a new position in China Mobile (Hong Kong) Ltd. (NYSE:CHL) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 21,694 shares of the Wireless communications provider’s stock, valued at approximately $1,152,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CHL. JFS Wealth Advisors LLC increased its holdings in China Mobile (Hong Kong) by 19.0% in the 2nd quarter. JFS Wealth Advisors LLC now owns 2,138 shares of the Wireless communications provider’s stock worth $114,000 after buying an additional 342 shares in the last quarter. Israel Discount Bank of New York increased its holdings in China Mobile (Hong Kong) by 43.0% in the 2nd quarter. Israel Discount Bank of New York now owns 3,075 shares of the Wireless communications provider’s stock worth $163,000 after buying an additional 925 shares in the last quarter. Signaturefd LLC bought a new stake in China Mobile (Hong Kong) in the 1st quarter worth about $203,000. High Pointe Capital Management LLC bought a new stake in China Mobile (Hong Kong) in the 2nd quarter worth about $205,000. Finally, MML Investors Services LLC increased its holdings in China Mobile (Hong Kong) by 8.7% in the 2nd quarter. MML Investors Services LLC now owns 4,529 shares of the Wireless communications provider’s stock worth $240,000 after buying an additional 363 shares in the last quarter. Institutional investors own 1.97% of the company’s stock.

Shares of China Mobile (NYSE:CHL) opened at 50.39 on Friday. The company has a market capitalization of $206.35 billion, a P/E ratio of 12.16 and a beta of 0.29. China Mobile has a 12-month low of $50.07 and a 12-month high of $61.23. The company has a 50-day moving average price of $51.98 and a 200 day moving average price of $53.65.

The company also recently disclosed a special dividend, which was paid on Tuesday, October 10th. Stockholders of record on Thursday, August 31st were issued a $2.0457 dividend. The ex-dividend date was Tuesday, August 29th. This is a positive change from China Mobile (Hong Kong)’s previous special dividend of $0.77. This represents a dividend yield of 3.73%.

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Several equities research analysts recently commented on the company. Zacks Investment Research downgraded China Mobile (Hong Kong) from a “buy” rating to a “hold” rating in a report on Friday, August 25th. BidaskClub upgraded China Mobile (Hong Kong) from a “sell” rating to a “hold” rating in a report on Friday, August 11th. 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, Morgan Stanley downgraded China Mobile (Hong Kong) from an “overweight” rating to an “underweight” rating in a report on Wednesday, July 5th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. China Mobile (Hong Kong) currently has an average rating of “Hold” and an average price target of $57.00.

About China Mobile (Hong Kong)

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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