Calamos Advisors LLC bought a new stake in China Mobile Ltd. (NYSE:CHL) during the 1st quarter, HoldingsChannel reports. The institutional investor bought 46,600 shares of the Wireless communications provider’s stock, valued at approximately $2,376,000.

Other large investors have also bought and sold shares of the company. Sontag Advisory LLC purchased a new position in China Mobile in the fourth quarter valued at $28,000. Quadrant Capital Group LLC increased its holdings in China Mobile by 1,361.2% in the fourth quarter. Quadrant Capital Group LLC now owns 5,085 shares of the Wireless communications provider’s stock valued at $240,000 after buying an additional 4,737 shares during the last quarter. Federated Investors Inc. PA purchased a new position in China Mobile in the third quarter valued at $10,074,000. Boston Advisors LLC purchased a new position in China Mobile in the fourth quarter valued at $232,000. Finally, NumerixS Investment Technologies Inc purchased a new position in China Mobile in the fourth quarter valued at $38,000. 2.02% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have issued reports on CHL shares. Jefferies Financial Group raised China Mobile from a “hold” rating to a “buy” rating in a report on Monday, March 11th. Nomura raised China Mobile from a “neutral” rating to a “buy” rating in a report on Monday, January 7th. New Street Research lowered China Mobile from a “neutral” rating to a “reduce” rating in a report on Monday, February 11th. BNP Paribas lowered China Mobile from an “outperform” rating to a “neutral” rating in a report on Wednesday, February 13th. Finally, Goldman Sachs Group lowered China Mobile from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $64.00 to $55.00 in a report on Monday. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $56.50.

Shares of CHL stock opened at $48.50 on Tuesday. The stock has a market cap of $199.39 billion, a price-to-earnings ratio of 11.74, a PEG ratio of 2.70 and a beta of 0.64. China Mobile Ltd. has a 1 year low of $43.25 and a 1 year high of $55.84.

The company also recently disclosed a semiannual dividend, which will be paid on Monday, July 8th. Shareholders of record on Friday, May 24th will be issued a dividend of $0.8863 per share. This is a positive change from China Mobile’s previous semiannual dividend of $0.80. The ex-dividend date is Thursday, May 23rd. This represents a dividend yield of 3.41%. China Mobile’s dividend payout ratio (DPR) is presently 50.85%.

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About China Mobile

China Mobile Limited, an investment holding company, provides mobile telecommunications and related services in Mainland China and Hong Kong. The company offers voice services, including local calls; domestic and international long distance calls and roaming services; and value-added services, such as caller identity display, call waiting, conference calls, and others.

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

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