Genesee Valley Trust Co. raised its stake in shares of China Mobile Ltd. (NYSE:CHl) by 2.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,053 shares of the company’s stock after buying an additional 138 shares during the period. Genesee Valley Trust Co.’s holdings in China Mobile were worth $350,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of the stock. Rothschild Investment Corp IL acquired a new stake in China Mobile during the second quarter valued at about $218,000. Private Bank & Trust Co. raised its stake in China Mobile by 27.7% in the second quarter. Private Bank & Trust Co. now owns 4,708 shares of the company’s stock valued at $273,000 after buying an additional 1,022 shares during the period. Rehmann Capital Advisory Group raised its stake in China Mobile by 15.8% in the second quarter. Rehmann Capital Advisory Group now owns 5,121 shares of the company’s stock valued at $297,000 after buying an additional 698 shares during the period. Wrapmanager Inc. acquired a new stake in China Mobile during the first quarter valued at about $286,000. Finally, Scotia Capital Inc. raised its stake in China Mobile by 39.2% in the first quarter. Scotia Capital Inc. now owns 5,695 shares of the company’s stock valued at $316,000 after buying an additional 1,604 shares during the period. 1.90% of the stock is currently owned by institutional investors.
China Mobile Ltd. (NYSE:CHL) traded up 0.50% during mid-day trading on Thursday, reaching $62.66. 597,577 shares of the company were exchanged. China Mobile Ltd. has a one year low of $50.12 and a one year high of $63.89. The stock has a market capitalization of $256.60 billion, a price-to-earnings ratio of 15.32 and a beta of 0.39. The stock has a 50 day moving average of $62.05 and a 200-day moving average of $58.17.
The company also recently disclosed a semiannual dividend, which will be paid on Tuesday, October 11th. Shareholders of record on Thursday, September 1st will be paid a dividend of $0.9599 per share. This is a positive change from China Mobile’s previous semiannual dividend of $0.89. This represents a yield of 3.03%. The ex-dividend date of this dividend is Tuesday, August 30th.
Several research firms have recently issued reports on CHL. Goldman Sachs Group Inc. lowered shares of China Mobile from a “buy” rating to a “neutral” rating in a research report on Thursday. Deutsche Bank AG lowered shares of China Mobile from a “buy” rating to a “hold” rating in a research report on Tuesday, June 7th.
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.