Raymond James & Associates Has $221,000 Holdings in China Unicom (Hong Kong) Limited (CHU)

Raymond James & Associates raised its stake in China Unicom (Hong Kong) Limited (NYSE:CHU) by 7.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 20,768 shares of the Wireless communications provider’s stock after buying an additional 1,414 shares during the quarter. Raymond James & Associates’ holdings in China Unicom (Hong Kong) were worth $221,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Whittier Trust Co. acquired a new stake in China Unicom (Hong Kong) in the 4th quarter valued at about $33,000. Quadrant Capital Group LLC raised its position in China Unicom (Hong Kong) by 867.9% in the 4th quarter. Quadrant Capital Group LLC now owns 6,843 shares of the Wireless communications provider’s stock valued at $71,000 after purchasing an additional 6,136 shares in the last quarter. We Are One Seven LLC acquired a new stake in China Unicom (Hong Kong) in the 4th quarter valued at about $130,000. Wetherby Asset Management Inc. raised its position in China Unicom (Hong Kong) by 16.1% in the 4th quarter. Wetherby Asset Management Inc. now owns 13,887 shares of the Wireless communications provider’s stock valued at $148,000 after purchasing an additional 1,927 shares in the last quarter. Finally, Stevens Capital Management LP acquired a new stake in China Unicom (Hong Kong) in the 4th quarter valued at about $175,000. Institutional investors own 0.97% of the company’s stock.

A number of research firms have issued reports on CHU. Zacks Investment Research raised China Unicom (Hong Kong) from a “sell” rating to a “hold” rating in a research report on Thursday, December 27th. ValuEngine raised China Unicom (Hong Kong) from a “hold” rating to a “buy” rating in a research report on Thursday, December 20th. New Street Research lowered China Unicom (Hong Kong) from a “buy” rating to a “neutral” rating in a research report on Monday, February 11th. Bank of America raised China Unicom (Hong Kong) from a “neutral” rating to a “buy” rating in a research report on Tuesday, January 22nd. Finally, TheStreet raised China Unicom (Hong Kong) from a “d+” rating to a “c” rating in a research report on Friday, March 15th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. China Unicom (Hong Kong) currently has an average rating of “Hold” and a consensus target price of $12.00.

CHU opened at $12.61 on Wednesday. China Unicom has a one year low of $10.33 and a one year high of $14.42. The stock has a market capitalization of $38.06 billion, a PE ratio of 25.22, a price-to-earnings-growth ratio of 0.34 and a beta of 0.99. The company has a current ratio of 0.35, a quick ratio of 0.34 and a debt-to-equity ratio of 0.01.

The firm also recently disclosed an annual dividend, which will be paid on Monday, June 24th. Stockholders of record on Thursday, May 16th will be issued a $0.1995 dividend. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a dividend yield of 1.52%. This is an increase from China Unicom (Hong Kong)’s previous annual dividend of $0.08. China Unicom (Hong Kong)’s dividend payout ratio is presently 14.00%.

WARNING: “Raymond James & Associates Has $221,000 Holdings in China Unicom (Hong Kong) Limited (CHU)” was originally reported by Chaffey Breeze and is owned by of Chaffey Breeze. If you are viewing this news story on another website, it was stolen and republished in violation of US & international copyright & trademark laws. The correct version of this news story can be accessed at https://www.chaffeybreeze.com/2019/04/17/raymond-james-associates-has-221000-holdings-in-china-unicom-hong-kong-limited-chu.html.

China Unicom (Hong Kong) Profile

China Unicom (Hong Kong) Limited, an investment holding company, provides cellular and fixed-line voice, and related value-added services in the People's Republic of China. It also provides broadband and other Internet-related services, information communications technology services, and business and data communications services.

Featured Article: Market Capitalization – What it Means for Investors

Institutional Ownership by Quarter for China Unicom (Hong Kong) (NYSE:CHU)

Receive News & Ratings for China Unicom (Hong Kong) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for China Unicom (Hong Kong) and related companies with MarketBeat.com's FREE daily email newsletter.