D.A. Davidson & CO. grew its stake in shares of China Unicom (NYSE:CHU) by 26.8% in the 1st quarter, Holdings Channel reports. The firm owned 41,844 shares of the Wireless communications provider’s stock after acquiring an additional 8,833 shares during the quarter. D.A. Davidson & CO.’s holdings in China Unicom were worth $537,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors also recently bought and sold shares of the company. Ellington Management Group LLC acquired a new position in shares of China Unicom during the fourth quarter worth approximately $233,000. Arrowstreet Capital Limited Partnership acquired a new position in shares of China Unicom during the fourth quarter worth approximately $296,000. Two Sigma Advisers LP boosted its position in shares of China Unicom by 67.1% during the fourth quarter. Two Sigma Advisers LP now owns 37,100 shares of the Wireless communications provider’s stock worth $502,000 after buying an additional 14,900 shares during the period. Wells Fargo & Company MN boosted its position in shares of China Unicom by 28.4% during the third quarter. Wells Fargo & Company MN now owns 37,259 shares of the Wireless communications provider’s stock worth $522,000 after buying an additional 8,241 shares during the period. Finally, SG Americas Securities LLC boosted its position in shares of China Unicom by 133.2% during the fourth quarter. SG Americas Securities LLC now owns 42,819 shares of the Wireless communications provider’s stock worth $579,000 after buying an additional 24,460 shares during the period. 0.88% of the stock is owned by institutional investors.
Shares of NYSE CHU opened at $14.24 on Friday. The company has a current ratio of 0.32, a quick ratio of 0.31 and a debt-to-equity ratio of 0.07. China Unicom has a 12-month low of $14.13 and a 12-month high of $14.31.
The firm also recently disclosed an annual dividend, which will be paid on Friday, June 22nd. Stockholders of record on Wednesday, May 16th will be given a dividend of $0.0826 per share. The ex-dividend date is Tuesday, May 15th. This represents a dividend yield of 0.64%. China Unicom’s dividend payout ratio is presently 63.64%.
CHU has been the subject of several analyst reports. Zacks Investment Research upgraded China Unicom from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a research report on Monday, April 2nd. Morgan Stanley upgraded China Unicom from an “underweight” rating to an “overweight” rating in a research report on Tuesday, March 27th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $14.00.
China Unicom Company Profile
China Unicom (Hong Kong) Limited, an investment holding company, provides telecommunications services. The company offers cellular voice, fixed-line voice and related value-added, broadband and other Internet-related, information communications technology, and business and data communications services.
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