China Unicom (CHU) Shares Bought by D.A. Davidson & CO.

D.A. Davidson & CO. boosted its position in China Unicom (NYSE:CHU) by 26.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 41,844 shares of the Wireless communications provider’s stock after buying an additional 8,833 shares during the quarter. D.A. Davidson & CO.’s holdings in China Unicom were worth $537,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Segantii Capital Management Ltd increased its holdings in China Unicom by 12.2% in the fourth quarter. Segantii Capital Management Ltd now owns 656,080 shares of the Wireless communications provider’s stock valued at $8,867,000 after buying an additional 71,405 shares during the last quarter. First Trust Advisors LP increased its holdings in China Unicom by 14.0% in the fourth quarter. First Trust Advisors LP now owns 173,696 shares of the Wireless communications provider’s stock valued at $2,350,000 after buying an additional 21,353 shares during the last quarter. Comerica Bank increased its holdings in China Unicom by 27.3% in the fourth quarter. Comerica Bank now owns 163,919 shares of the Wireless communications provider’s stock valued at $2,396,000 after buying an additional 35,193 shares during the last quarter. Bank of Montreal Can increased its holdings in China Unicom by 19.0% in the fourth quarter. Bank of Montreal Can now owns 162,323 shares of the Wireless communications provider’s stock valued at $2,196,000 after buying an additional 25,872 shares during the last quarter. Finally, Teacher Retirement System of Texas bought a new stake in China Unicom in the fourth quarter valued at about $2,138,000. 0.88% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts have recently commented on the company. Zacks Investment Research lowered China Unicom from a “buy” rating to a “hold” rating in a report on Wednesday, April 4th. Morgan Stanley raised China Unicom from an “underweight” rating to an “overweight” rating in a report on Tuesday, March 27th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. China Unicom has a consensus rating of “Hold” and an average target price of $14.00.

China Unicom opened at $14.24 on Friday, Marketbeat Ratings reports. China Unicom has a 52 week low of $14.13 and a 52 week high of $14.31. The company has a current ratio of 0.32, a quick ratio of 0.31 and a debt-to-equity ratio of 0.07.

The business also recently announced an annual dividend, which will be paid on Friday, June 22nd. Stockholders of record on Wednesday, May 16th will be issued a dividend of $0.0826 per share. This represents a dividend yield of 0.64%. The ex-dividend date of this dividend is Tuesday, May 15th. China Unicom’s dividend payout ratio (DPR) is presently 63.64%.

China Unicom 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.

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

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