Nationwide Fund Advisors Has $1,772,000 Stake in China Mobile Ltd. (CHL)
Nationwide Fund Advisors boosted its stake in China Mobile Ltd. (NYSE:CHL) by 4.8% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 30,600 shares of the company’s stock after buying an additional 1,400 shares during the period. Nationwide Fund Advisors’ holdings in China Mobile were worth $1,772,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in China Mobile during the second quarter valued at about $111,000. Signaturefd LLC boosted its stake in China Mobile by 1,873.5% in the second quarter. Signaturefd LLC now owns 2,230 shares of the company’s stock valued at $129,000 after buying an additional 2,117 shares in the last quarter. Rothschild Investment Corp IL bought a new stake in China Mobile during the second quarter valued at about $218,000. Cambridge Investment Research Advisors Inc. bought a new stake in China Mobile during the second quarter valued at about $229,000. Finally, Private Bank & Trust Co. boosted 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 in the last quarter. 1.90% of the stock is currently owned by institutional investors.
China Mobile Ltd. (NYSE:CHL) traded up 0.33% during mid-day trading on Friday, hitting $60.96. 596,809 shares of the stock were exchanged. The stock has a market cap of $249.64 billion, a price-to-earnings ratio of 14.90 and a beta of 0.35. The company has a 50 day moving average price of $61.67 and a 200 day moving average price of $58.94. China Mobile Ltd. has a 52 week low of $50.12 and a 52 week high of $63.89.
The company also recently declared a semiannual dividend, which was paid on Tuesday, October 11th. Investors of record on Thursday, September 1st were paid a $0.9599 dividend. This is a boost from China Mobile’s previous semiannual dividend of $0.89. The ex-dividend date was Tuesday, August 30th. This represents a dividend yield of 3.03%.
Several research firms recently issued reports on CHL. Goldman Sachs Group Inc. cut shares of China Mobile from a “conviction-buy” rating to a “buy” rating in a research report on Wednesday, August 10th. Zacks Investment Research raised shares of 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, October 11th.
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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