Fmr LLC Sells 4,082,231 Shares of China Unicom (Hong Kong) Limited (NYSE:CHU)

FMR LLC trimmed its holdings in China Unicom (Hong Kong) Limited (NYSE:CHU) by 72.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,534,801 shares of the Wireless communications provider’s stock after selling 4,082,231 shares during the period. FMR LLC owned 0.05% of China Unicom (Hong Kong) worth $16,361,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Whittier Trust Co. acquired a new position in China Unicom (Hong Kong) during the 4th quarter worth $33,000. Quadrant Capital Group LLC raised its stake in shares of 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 worth $71,000 after buying an additional 6,136 shares in the last quarter. We Are One Seven LLC bought a new stake in shares of China Unicom (Hong Kong) in the 4th quarter worth $130,000. Brown Advisory Inc. bought a new stake in shares of China Unicom (Hong Kong) in the 3rd quarter worth $138,000. Finally, Wetherby Asset Management Inc. raised its stake in shares of 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 worth $148,000 after buying an additional 1,927 shares in the last quarter. 0.97% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:CHU traded down $0.30 during trading hours on Monday, hitting $12.44. 488,219 shares of the company’s stock traded hands, compared to its average volume of 539,537. The company has a current ratio of 0.35, a quick ratio of 0.34 and a debt-to-equity ratio of 0.01. China Unicom has a twelve month low of $10.33 and a twelve month high of $14.42. The firm has a market capitalization of $39.04 billion, a price-to-earnings ratio of 24.88, a PEG ratio of 0.35 and a beta of 0.99.

The company also recently announced an annual dividend, which will be paid on Monday, June 24th. Shareholders of record on Thursday, May 16th will be paid a $0.1995 dividend. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a 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 payout ratio is 14.00%.

A number of analysts have recently commented on CHU shares. Zacks Investment Research raised China Unicom (Hong Kong) from a “sell” rating to a “hold” rating in a research note on Wednesday, December 19th. ValuEngine raised China Unicom (Hong Kong) from a “hold” rating to a “buy” rating in a research report on Thursday, December 20th. Bank of America raised China Unicom (Hong Kong) from a “neutral” rating to a “buy” rating in a research report on Tuesday, January 22nd. New Street Research lowered China Unicom (Hong Kong) from a “buy” rating to a “neutral” rating in a research report on Monday, February 11th. Finally, TheStreet raised China Unicom (Hong Kong) from a “d+” rating to a “c” rating in a research report on Friday, March 15th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. China Unicom (Hong Kong) currently has a consensus rating of “Hold” and an average target price of $12.00.

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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.

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

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