Sumitomo Mitsui Asset Management Company LTD Continues to Hold Position in Mobile TeleSystems OJSC (NYSE:MBT)

Sumitomo Mitsui Asset Management Company LTD held its stake in Mobile TeleSystems OJSC (NYSE:MBT) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,000 shares of the Wireless communications provider’s stock at the end of the second quarter. Sumitomo Mitsui Asset Management Company LTD’s holdings in Mobile TeleSystems OJSC were worth $276,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently bought and sold shares of the company. Lazard Asset Management LLC boosted its stake in Mobile TeleSystems OJSC by 5.7% in the first quarter. Lazard Asset Management LLC now owns 58,473,906 shares of the Wireless communications provider’s stock worth $644,967,000 after buying an additional 3,174,895 shares during the last quarter. BlackRock Inc. boosted its stake in Mobile TeleSystems OJSC by 7,751.0% in the first quarter. BlackRock Inc. now owns 24,341,794 shares of the Wireless communications provider’s stock worth $268,492,000 after buying an additional 24,031,747 shares during the last quarter. Vanguard Group Inc. boosted its stake in Mobile TeleSystems OJSC by 3.7% in the first quarter. Vanguard Group Inc. now owns 15,953,806 shares of the Wireless communications provider’s stock worth $175,971,000 after buying an additional 568,934 shares during the last quarter. Schroder Investment Management Group boosted its stake in Mobile TeleSystems OJSC by 31.2% in the first quarter. Schroder Investment Management Group now owns 15,811,040 shares of the Wireless communications provider’s stock worth $175,029,000 after buying an additional 3,761,280 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its stake in Mobile TeleSystems OJSC by 40.5% in the first quarter. Renaissance Technologies LLC now owns 14,961,950 shares of the Wireless communications provider’s stock worth $165,030,000 after buying an additional 4,311,200 shares during the last quarter. 34.95% of the stock is owned by institutional investors.

Shares of Mobile TeleSystems OJSC (NYSE:MBT) opened at 8.53 on Friday. Mobile TeleSystems OJSC has a 12-month low of $7.09 and a 12-month high of $11.59. The stock has a 50 day moving average price of $8.42 and a 200 day moving average price of $9.69. The firm has a market capitalization of $8.44 billion, a PE ratio of 5.66 and a beta of 0.94.

The firm also recently disclosed a None dividend, which was paid on Tuesday, August 1st. Investors of record on Monday, July 10th were issued a $0.412 dividend. The ex-dividend date was Thursday, July 6th. Mobile TeleSystems OJSC’s dividend payout ratio (DPR) is 96.00%.

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Several analysts have recently commented on MBT shares. Morgan Stanley cut Mobile TeleSystems OJSC from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $12.60 to $9.90 in a report on Thursday, May 4th. BidaskClub cut Mobile TeleSystems OJSC from a “hold” rating to a “sell” rating in a report on Thursday, June 22nd. Zacks Investment Research raised Mobile TeleSystems OJSC from a “hold” rating to a “buy” rating and set a $9.75 price target for the company in a report on Tuesday, June 27th. Finally, J P Morgan Chase & Co raised Mobile TeleSystems OJSC from a “neutral” rating to an “overweight” rating and set a $10.50 price target for the company in a report on Wednesday, July 26th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Mobile TeleSystems OJSC currently has an average rating of “Buy” and a consensus target price of $10.05.

About Mobile TeleSystems OJSC

Mobile TeleSystems Public Joint Stock Company, formerly Mobile TeleSystems Open Joint Stock Company, is a provider of telecommunications services. The Company provides mobile and fixed line voice and data telecommunications services, including data transfer, broadband, pay-television (pay-TV) and various value-added services, as well as selling equipment and accessories.

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Institutional Ownership by Quarter for Mobile TeleSystems OJSC (NYSE:MBT)

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