Boston Partners Grows Holdings in China Mobile (Hong Kong) Ltd. (CHL)

Boston Partners grew its holdings in shares of China Mobile (Hong Kong) Ltd. (NYSE:CHL) by 5.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 49,863 shares of the Wireless communications provider’s stock after buying an additional 2,589 shares during the quarter. Boston Partners’ holdings in China Mobile (Hong Kong) were worth $2,522,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. JFS Wealth Advisors LLC grew its stake in 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 worth $114,000 after buying an additional 342 shares during the period. Israel Discount Bank of New York boosted its stake in shares of China Mobile (Hong Kong) by 43.0% in the second quarter. Israel Discount Bank of New York now owns 3,075 shares of the Wireless communications provider’s stock valued at $163,000 after purchasing an additional 925 shares during the period. High Pointe Capital Management LLC purchased a new position in shares of China Mobile (Hong Kong) in the second quarter valued at $205,000. Well Done LLC purchased a new position in shares of China Mobile (Hong Kong) in the third quarter valued at $205,000. Finally, Wedbush Securities Inc. purchased a new position in shares of China Mobile (Hong Kong) in the third quarter valued at $208,000. Institutional investors own 1.94% of the company’s stock.

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Shares of China Mobile (NYSE:CHL) opened at $50.16 on Monday. China Mobile has a twelve month low of $50.00 and a twelve month high of $58.83.

CHL has been the subject of several analyst reports. BidaskClub upgraded shares of China Mobile (Hong Kong) from a “sell” rating to a “hold” rating in a research note on Tuesday, July 25th. Zacks Investment Research downgraded shares of China Mobile (Hong Kong) from a “buy” rating to a “hold” rating in a research note on Wednesday, July 26th. Finally, Bank of America Corporation initiated coverage on shares of China Mobile (Hong Kong) in a research note on Wednesday, August 30th. They issued a “buy” rating for the company. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus 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.

Institutional Ownership by Quarter for China Mobile (Hong Kong) (NYSE:CHL)

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