Signaturefd LLC Increases Position in China Mobile Ltd. (CHL)
Signaturefd LLC raised its position in China Mobile Ltd. (NYSE:CHL) by 1,873.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,230 shares of the company’s stock after buying an additional 2,117 shares during the period. Signaturefd LLC’s holdings in China Mobile were worth $129,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also modified their holdings of the company. 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 last quarter. Cambiar Investors LLC increased 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 valued at $172,428,000 after buying an additional 299,787 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of China Mobile by 109.4% in the first quarter. Renaissance Technologies LLC now owns 1,736,500 shares of the company’s stock valued at $96,289,000 after buying an additional 907,300 shares in the last quarter. Quentec Asset Management LLC increased its stake in shares of China Mobile by 53.7% in the first quarter. Quentec Asset Management LLC now owns 268,911 shares of the company’s stock valued at $14,911,000 after buying an additional 93,911 shares in the last quarter. Finally, Nordea Investment Management AB increased its stake in shares of China Mobile by 10.7% in the second quarter. Nordea Investment Management AB now owns 254,520 shares of the company’s stock valued at $14,737,000 after buying an additional 24,677 shares in the last quarter. 1.90% of the stock is currently owned by institutional investors.
Shares of China Mobile Ltd. (NYSE:CHL) traded up 0.33% during mid-day trading on Friday, hitting $60.96. The stock had a trading volume of 596,809 shares. The stock has a 50-day moving average price of $61.67 and a 200 day moving average price of $58.94. The stock has a market cap of $249.64 billion, a P/E ratio of 14.90 and a beta of 0.35. China Mobile Ltd. has a 52 week low of $50.12 and a 52 week high of $63.89.
The business also recently announced a semiannual dividend, which was paid on Tuesday, October 11th. Shareholders of record on Thursday, September 1st were paid a dividend of $0.9599 per share. The ex-dividend date was Tuesday, August 30th. This represents a dividend yield of 3.03%. This is a positive change from China Mobile’s previous semiannual dividend of $0.89.
Several brokerages recently issued reports on CHL. Goldman Sachs Group Inc. downgraded China Mobile from a “conviction-buy” rating to a “buy” rating in a report on Wednesday, August 10th. Zacks Investment Research downgraded China Mobile from a “buy” rating to a “hold” rating in a research note on Wednesday.
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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