Tower Research Capital LLC TRC Purchases 260 Shares of China Mobile Ltd. (CHL)
Tower Research Capital LLC TRC boosted its position in China Mobile Ltd. (NYSE:CHL) by 14.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,113 shares of the company’s stock after buying an additional 260 shares during the period. Tower Research Capital LLC TRC’s holdings in China Mobile were worth $122,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in the company. Emerald Acquisition Ltd. purchased a new stake in China Mobile during the second quarter worth $69,653,000. Renaissance Technologies LLC increased 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 during the period. Cambiar Investors LLC increased its stake in 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 period. Harding Loevner LP increased its stake in 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 during the period. Finally, Bank of Montreal Can purchased a new stake in China Mobile during the second quarter worth $8,013,000. 1.90% of the stock is currently owned by institutional investors and hedge funds.
Shares of China Mobile Ltd. (NYSE:CHL) opened at 60.96 on Wednesday. China Mobile Ltd. has a 52-week low of $50.12 and a 52-week high of $63.89. The firm has a market capitalization of $249.64 billion, a P/E ratio of 14.90 and a beta of 0.35. The company’s 50-day moving average price is $61.79 and its 200-day moving average price is $58.86.
The firm also recently declared a semiannual dividend, which was paid on Tuesday, October 11th. Shareholders of record on Thursday, September 1st were given a dividend of $0.9599 per share. The ex-dividend date of this dividend was Tuesday, August 30th. This is a boost from China Mobile’s previous semiannual dividend of $0.89. This represents a yield of 3.03%.
A number of equities research analysts recently weighed in on CHL shares. Goldman Sachs Group Inc. downgraded China Mobile from a “conviction-buy” rating to a “buy” rating in a research report on Wednesday, August 10th. Zacks Investment Research raised China Mobile from a “hold” rating to a “buy” rating and set a $68.00 target price on the stock in a research report on Tuesday.
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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