MSI Financial Services Inc increased its position in China Mobile Ltd. (NYSE:CHl) by 77.9% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 9,453 shares of the company’s stock after buying an additional 4,140 shares during the period. MSI Financial Services Inc’s holdings in China Mobile were worth $547,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently made changes to their positions in the company. Harding Loevner LP boosted its position in shares of China Mobile by 6.9% in the second quarter. Harding Loevner LP now owns 3,955,515 shares of the company’s stock worth $229,024,000 after buying an additional 254,720 shares in the last quarter. Renaissance Technologies LLC boosted 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. Quentec Asset Management LLC boosted 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. Envestnet Asset Management Inc. boosted its stake in China Mobile by 2.8% in the first quarter. Envestnet Asset Management Inc. now owns 236,680 shares of the company’s stock worth $13,124,000 after buying an additional 6,343 shares in the last quarter. Finally, Legal & General Group Plc boosted its stake in China Mobile by 2.5% in the first quarter. Legal & General Group Plc now owns 228,328 shares of the company’s stock worth $12,582,000 after buying an additional 5,500 shares in the last quarter. 1.90% of the stock is currently owned by institutional investors.
Shares of China Mobile Ltd. (NYSE:CHL) traded down 1.24% during midday trading on Friday, hitting $61.88. The stock had a trading volume of 371,843 shares. China Mobile Ltd. has a 52-week low of $50.12 and a 52-week high of $63.89. The firm has a 50 day moving average price of $62.06 and a 200-day moving average price of $58.22. The stock has a market cap of $253.40 billion, a PE ratio of 15.13 and a beta of 0.39.
The business also recently disclosed a semiannual dividend, which will be paid on Tuesday, October 11th. Stockholders of record on Thursday, September 1st will be issued a dividend of $0.9599 per share. The ex-dividend date is Tuesday, August 30th. This is a positive change from China Mobile’s previous semiannual dividend of $0.89. This represents a dividend yield of 3.03%.
A number of research firms have commented on CHL. Goldman Sachs Group Inc. cut China Mobile from a “buy” rating to a “neutral” rating in a report on Thursday. Deutsche Bank AG cut China Mobile from a “buy” rating to a “hold” rating in a report on Tuesday, June 7th.
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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