Barry Investment Advisors LLC lifted its position in China Mobile Ltd. (NYSE:CHL) by 1.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 105,526 shares of the Wireless communications provider’s stock after purchasing an additional 1,240 shares during the quarter. China Mobile accounts for about 1.7% of Barry Investment Advisors LLC’s holdings, making the stock its 23rd largest holding. Barry Investment Advisors LLC’s holdings in China Mobile were worth $5,163,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. NumerixS Investment Technologies Inc purchased a new stake in China Mobile during the 2nd quarter valued at about $129,000. Congress Park Capital LLC bought a new position in China Mobile during the second quarter valued at approximately $204,000. Cozad Asset Management Inc. bought a new position in China Mobile during the second quarter valued at approximately $219,000. XR Securities LLC bought a new position in China Mobile during the third quarter valued at approximately $225,000. Finally, Private Advisor Group LLC bought a new position in shares of China Mobile in the second quarter valued at approximately $284,000. Hedge funds and other institutional investors own 1.98% of the company’s stock.

Shares of NYSE:CHL traded up $0.03 on Friday, reaching $49.55. 651,800 shares of the company’s stock were exchanged, compared to its average volume of 881,645. The stock has a market capitalization of $202.58 billion, a price-to-earnings ratio of 12.05, a price-to-earnings-growth ratio of 2.90 and a beta of 0.57. China Mobile Ltd. has a fifty-two week low of $43.25 and a fifty-two week high of $53.23.

The company also recently disclosed a special dividend, which was paid on Tuesday, October 9th. Investors of record on Friday, September 7th were issued a $1.1631 dividend. This represents a dividend yield of 4.2%. The ex-dividend date of this dividend was Thursday, September 6th. This is a boost from China Mobile’s previous special dividend of $1.01. China Mobile’s dividend payout ratio (DPR) is 50.85%.

A number of brokerages have weighed in on CHL. Zacks Investment Research raised shares of China Mobile from a “hold” rating to a “buy” rating and set a $56.00 target price on the stock in a report on Tuesday, October 9th. ValuEngine raised shares of China Mobile from a “sell” rating to a “hold” rating in a report on Tuesday, October 2nd. Finally, BNP Paribas cut shares of China Mobile from a “buy” rating to a “hold” rating in a report on Tuesday, July 31st. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $56.00.

About China Mobile

There is no company description available for China Mobile Ltd.

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Institutional Ownership by Quarter for China Mobile (NYSE:CHL)

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