Cambiar Investors LLC raised its position in China Mobile Ltd. (NYSE:CHl) by 11.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,978,031 shares of the company’s stock after buying an additional 299,787 shares during the period. China Mobile accounts for about 2.4% of Cambiar Investors LLC’s portfolio, making the stock its 5th largest position. Cambiar Investors LLC’s holdings in China Mobile were worth $172,428,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Acadian Asset Management LLC acquired a new position in China Mobile during the first quarter worth approximately $802,000. Commonwealth Equity Services Inc increased its position in China Mobile by 4.2% in the first quarter. Commonwealth Equity Services Inc now owns 17,614 shares of the company’s stock worth $977,000 after buying an additional 717 shares during the last quarter. Ngam Advisors L.P. increased its position in China Mobile by 59.5% in the first quarter. Ngam Advisors L.P. now owns 57,878 shares of the company’s stock worth $3,209,000 after buying an additional 21,584 shares during the last quarter. RMB Capital Management LLC increased its position in China Mobile by 1.3% in the first quarter. RMB Capital Management LLC now owns 22,567 shares of the company’s stock worth $1,251,000 after buying an additional 290 shares during the last quarter. Finally, Wrapmanager Inc. acquired a new position in China Mobile during the first quarter worth approximately $286,000. 1.90% of the stock is owned by institutional investors.
Shares of China Mobile Ltd. (NYSE:CHL) traded down 0.39% during trading on Thursday, reaching $61.89. 1,114,238 shares of the company traded hands. China Mobile Ltd. has a 12 month low of $50.12 and a 12 month high of $63.89. The stock has a market capitalization of $253.45 billion, a PE ratio of 15.13 and a beta of 0.39. The company has a 50-day moving average of $61.99 and a 200-day moving average of $58.39.
The business also recently disclosed a semiannual dividend, which will be paid on Tuesday, October 11th. Shareholders of record on Thursday, September 1st will be issued a $0.9599 dividend. This is an increase from China Mobile’s previous semiannual dividend of $0.89. This represents a dividend yield of 3.03%. The ex-dividend date of this dividend is Tuesday, August 30th.
A number of equities analysts have recently commented on CHL shares. Deutsche Bank AG downgraded shares of China Mobile from a “buy” rating to a “hold” rating in a report on Tuesday, June 7th. Goldman Sachs Group Inc. downgraded shares of China Mobile from a “conviction-buy” rating to a “buy” rating in a report on Wednesday, August 10th.
China Mobile Company Profile
China Mobile Limited is engaged in the provision of telecommunications and related services. The Company offers certain Internet-related services, including mobile Internet, digital services, and certain applications and information services. The Company’s businesses primarily consist of voice business and data business.
Want to see what other hedge funds are holding CHL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for China Mobile Ltd. (NYSE:CHl).
Receive News & Ratings for China Mobile Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for China Mobile Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.