Quadrant Capital Group LLC lifted its position in shares of China Mobile Ltd. (NYSE:CHL) by 86.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,491 shares of the Wireless communications provider’s stock after purchasing an additional 4,406 shares during the quarter. Quadrant Capital Group LLC’s holdings in China Mobile were worth $478,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. OLD Second National Bank of Aurora bought a new position in China Mobile in the 1st quarter valued at $25,000. Lindbrook Capital LLC bought a new position in China Mobile in the 4th quarter valued at $27,000. Sontag Advisory LLC bought a new position in China Mobile in the 4th quarter valued at $28,000. Financial Gravity Wealth Inc. bought a new position in China Mobile in the 1st quarter valued at $28,000. Finally, Cornerstone Advisors Inc. raised its position in China Mobile by 121.2% in the 3rd quarter. Cornerstone Advisors Inc. now owns 637 shares of the Wireless communications provider’s stock valued at $31,000 after purchasing an additional 349 shares during the last quarter. Institutional investors and hedge funds own 2.02% of the company’s stock.
Shares of China Mobile stock traded down $0.42 during trading on Wednesday, reaching $46.03. 475,993 shares of the company were exchanged, compared to its average volume of 1,002,218. China Mobile Ltd. has a twelve month low of $43.25 and a twelve month high of $55.84.
The business also recently disclosed a semiannual dividend, which will be paid on Monday, July 8th. Investors of record on Friday, May 24th will be paid a dividend of $0.8863 per share. The ex-dividend date of this dividend is Thursday, May 23rd. This is a boost from China Mobile’s previous semiannual dividend of $0.80. This represents a dividend yield of 3.41%.
Several equities analysts have issued reports on CHL shares. Goldman Sachs Group downgraded China Mobile from a “buy” rating to a “neutral” rating and cut their price objective for the company from $64.00 to $55.00 in a research report on Monday, April 15th. Zacks Investment Research downgraded China Mobile from a “hold” rating to a “sell” rating in a research report on Monday. BNP Paribas downgraded China Mobile from an “outperform” rating to a “neutral” rating in a research report on Wednesday, February 13th. Citigroup restated a “buy” rating on shares of China Mobile in a research report on Friday, March 22nd. Finally, HSBC downgraded China Mobile from a “buy” rating to a “hold” rating in a research report on Thursday, March 21st. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the stock. China Mobile has a consensus rating of “Hold” and a consensus target price of $53.22.
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China Mobile Company Profile
China Mobile Limited provides mobile telecommunications and related services in Mainland China and Hong Kong. The company offers local calls; domestic and international long distance calls and roaming services; and value-added services, such as caller identity display, call waiting, conference calls, and others.
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