Whittier Trust Co. Sells 1,591 Shares of China Mobile Ltd. (CHL)
Whittier Trust Co. lowered its stake in China Mobile Ltd. (NYSE:CHL) by 3.3% during the second quarter, Holdings Channel reports. The firm owned 46,185 shares of the company’s stock after selling 1,591 shares during the period. Whittier Trust Co.’s holdings in China Mobile were worth $2,674,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in the company. Rothschild Investment Corp IL bought a new stake in shares of China Mobile during the second quarter valued at about $218,000. Private Bank & Trust Co. boosted its position 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 in the last quarter. Rehmann Capital Advisory Group boosted its position 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 in the last quarter. Scotia Capital Inc. boosted its position 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 in the last quarter. Finally, Genesee Valley Trust Co. boosted its position in China Mobile by 2.3% in the second quarter. Genesee Valley Trust Co. now owns 6,053 shares of the company’s stock valued at $350,000 after buying an additional 138 shares in the last quarter. Institutional investors and hedge funds own 1.90% of the company’s stock.
Shares of China Mobile Ltd. (NYSE:CHL) traded down 0.64% on Friday, hitting $62.39. The stock had a trading volume of 383,081 shares. The stock has a 50 day moving average of $61.89 and a 200-day moving average of $58.66. China Mobile Ltd. has a 12 month low of $50.12 and a 12 month high of $63.89. The stock has a market cap of $255.49 billion, a PE ratio of 15.25 and a beta of 0.35.
The company also recently announced a semiannual dividend, which will be paid on Tuesday, October 11th. Stockholders of record on Thursday, September 1st will be paid a $0.9599 dividend. This represents a dividend yield of 3.03%. The ex-dividend date is Tuesday, August 30th. This is a boost from China Mobile’s previous semiannual dividend of $0.89.
Separately, Goldman Sachs Group Inc. cut China Mobile from a “conviction-buy” rating to a “buy” rating in a research report on Wednesday, August 10th.
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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