Flossbach Von Storch AG Lowers Position in China Mobile Ltd. (CHL)
Flossbach Von Storch AG cut its position in shares of China Mobile Ltd. (NYSE:CHL) by 91.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 18,600 shares of the company’s stock after selling 193,000 shares during the period. Flossbach Von Storch AG’s holdings in China Mobile were worth $1,077,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Advisory Services Network LLC boosted its position in China Mobile by 5.4% in the second quarter. Advisory Services Network LLC now owns 6,110 shares of the company’s stock worth $354,000 after buying an additional 315 shares in the last quarter. Cambiar Investors LLC raised its stake in shares of China Mobile by 11.2% in the second quarter. Cambiar Investors LLC now owns 2,978,031 shares of the company’s stock worth $172,428,000 after buying an additional 299,787 shares during the last quarter. Agran Libbie raised its stake in shares of China Mobile by 6.5% in the second quarter. Agran Libbie now owns 8,195 shares of the company’s stock worth $474,000 after buying an additional 500 shares during the last quarter. Aviance Capital Management LLC purchased a new stake in shares of China Mobile during the second quarter worth approximately $558,000. Finally, Genesee Valley Trust Co. raised its stake 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. 1.90% of the stock is owned by institutional investors and hedge funds.
Shares of China Mobile Ltd. (NYSE:CHL) traded down 0.05% during mid-day trading on Tuesday, reaching $62.02. The company had a trading volume of 841,484 shares. China Mobile Ltd. has a 52-week low of $50.12 and a 52-week high of $63.89. The company has a market cap of $253.98 billion, a price-to-earnings ratio of 15.16 and a beta of 0.35. The firm’s 50-day moving average price is $61.92 and its 200 day moving average price is $58.55.
The business also recently announced 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. 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 of this dividend is Tuesday, August 30th.
A number of brokerages recently commented on CHL. Goldman Sachs Group Inc. lowered China Mobile from a “conviction-buy” rating to a “buy” rating in a research report on Wednesday, August 10th. Deutsche Bank AG lowered 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.
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