Fmr LLC Boosts Position in China Mobile Ltd. (CHL)

Fmr LLC increased its position in shares of China Mobile Ltd. (NYSE:CHL) by 4.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 90,400 shares of the Wireless communications provider’s stock after buying an additional 3,600 shares during the quarter. Fmr LLC’s holdings in China Mobile were worth $4,013,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Rockefeller Capital Management L.P. raised its stake in shares of China Mobile by 10.8% in the second quarter. Rockefeller Capital Management L.P. now owns 12,540 shares of the Wireless communications provider’s stock worth $557,000 after purchasing an additional 1,222 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in shares of China Mobile by 1.3% in the second quarter. PNC Financial Services Group Inc. now owns 120,435 shares of the Wireless communications provider’s stock worth $5,345,000 after purchasing an additional 1,534 shares during the last quarter. KCS Wealth Advisory raised its stake in shares of China Mobile by 13.6% in the second quarter. KCS Wealth Advisory now owns 14,256 shares of the Wireless communications provider’s stock worth $633,000 after purchasing an additional 1,711 shares during the last quarter. Reilly Financial Advisors LLC raised its stake in shares of China Mobile by 6.8% in the second quarter. Reilly Financial Advisors LLC now owns 27,271 shares of the Wireless communications provider’s stock worth $1,211,000 after purchasing an additional 1,748 shares during the last quarter. Finally, Wetherby Asset Management Inc. raised its stake in shares of China Mobile by 29.8% in the second quarter. Wetherby Asset Management Inc. now owns 9,660 shares of the Wireless communications provider’s stock worth $429,000 after purchasing an additional 2,215 shares during the last quarter. 1.98% of the stock is currently owned by institutional investors and hedge funds.

Several brokerages have recently commented on CHL. Zacks Investment Research raised China Mobile from a “sell” rating to a “hold” rating in a research note on Tuesday, June 26th. ValuEngine raised China Mobile from a “sell” rating to a “hold” rating in a research note on Tuesday, October 2nd. Finally, BNP Paribas downgraded China Mobile from a “buy” rating to a “hold” rating in a research note on Tuesday, July 31st. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $56.00.

Shares of China Mobile stock opened at $49.25 on Friday. The company has a market capitalization of $200.37 billion, a PE ratio of 11.88, a P/E/G ratio of 2.32 and a beta of 0.57. China Mobile Ltd. has a 52 week low of $43.25 and a 52 week high of $53.23.

The business also recently disclosed a special dividend, which was paid on Tuesday, October 9th. Stockholders of record on Friday, September 7th were paid a $1.1631 dividend. The ex-dividend date of this dividend was Thursday, September 6th. This is an increase from China Mobile’s previous special dividend of $1.01. This represents a dividend yield of 4.2%. China Mobile’s dividend payout ratio is 50.85%.

China Mobile Profile

There is no company description available for China Mobile Ltd.

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

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