Benedict Financial Advisors Inc. decreased its position in China Mobile Ltd. (NYSE:CHl) by 20.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 21,662 shares of the company’s stock after selling 5,706 shares during the period. Benedict Financial Advisors Inc.’s holdings in China Mobile were worth $1,255,000 as of its most recent SEC filing.
A number of other institutional investors also recently made changes to their positions in the company. Genesee Valley Trust Co. increased its position in shares of China Mobile by 2.3% in the second quarter. Genesee Valley Trust Co. now owns 6,053 shares of the company’s stock worth $350,000 after buying an additional 138 shares during the last quarter. Quentec Asset Management LLC increased its stake in China Mobile by 53.7% in the first quarter. Quentec Asset Management LLC now owns 268,911 shares of the company’s stock worth $14,911,000 after buying an additional 93,911 shares in the last quarter. MAI Capital Management increased its stake in China Mobile by 9.8% in the second quarter. MAI Capital Management now owns 9,285 shares of the company’s stock worth $538,000 after buying an additional 825 shares in the last quarter. Renaissance Technologies LLC increased its stake in China Mobile by 109.4% in the first quarter. Renaissance Technologies LLC now owns 1,736,500 shares of the company’s stock worth $96,289,000 after buying an additional 907,300 shares in the last quarter. Finally, Private Asset Management Inc. increased its stake in China Mobile by 13.1% in the second quarter. Private Asset Management Inc. now owns 44,900 shares of the company’s stock worth $2,600,000 after buying an additional 5,200 shares in the last quarter. Hedge funds and other institutional investors own 1.90% of the company’s stock.
China Mobile Ltd. (NYSE:CHL) traded down 0.60% during midday trading on Friday, reaching $61.52. The company’s stock had a trading volume of 776,448 shares. The firm has a market cap of $251.93 billion, a price-to-earnings ratio of 15.02 and a beta of 0.39. China Mobile Ltd. has a 1-year low of $50.12 and a 1-year high of $63.89. The company has a 50 day moving average price of $62.00 and a 200 day moving average price of $58.41.
The company also recently announced a semiannual dividend, which will be paid on Tuesday, October 11th. Investors of record on Thursday, September 1st will be given a $0.9599 dividend. This is a positive change from China Mobile’s previous semiannual dividend of $0.89. This represents a dividend yield of 3.03%. The ex-dividend date is Tuesday, August 30th.
CHL has been the topic of a number of research analyst reports. Deutsche Bank AG downgraded China Mobile from a “buy” rating to a “hold” rating in a research report on Tuesday, June 7th. Goldman Sachs Group Inc. downgraded China Mobile from a “buy” rating to a “neutral” rating in a research report on Thursday, September 22nd.
About China Mobile
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.
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