Rosenberg Matthew Hamilton trimmed its position in shares of China Mobile Limited (NYSE:CHL) by 22.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,002 shares of the Wireless communications provider’s stock after selling 869 shares during the period. Rosenberg Matthew Hamilton’s holdings in China Mobile were worth $96,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Sanders Morris Harris LLC bought a new position in China Mobile during the third quarter valued at about $1,614,000. Campbell & CO Investment Adviser LLC bought a new position in China Mobile during the third quarter valued at about $319,000. Coastline Trust Co increased its stake in China Mobile by 6.2% during the third quarter. Coastline Trust Co now owns 9,940 shares of the Wireless communications provider’s stock valued at $320,000 after acquiring an additional 580 shares during the period. FNY Investment Advisers LLC increased its stake in China Mobile by 607.2% during the third quarter. FNY Investment Advisers LLC now owns 30,558 shares of the Wireless communications provider’s stock valued at $982,000 after acquiring an additional 26,237 shares during the period. Finally, Envestnet Asset Management Inc. grew its stake in shares of China Mobile by 6.7% in the 3rd quarter. Envestnet Asset Management Inc. now owns 230,534 shares of the Wireless communications provider’s stock valued at $7,414,000 after purchasing an additional 14,464 shares during the period. Hedge funds and other institutional investors own 2.01% of the company’s stock.
Several equities research analysts have recently weighed in on the company. Nomura reiterated a “buy” rating on shares of China Mobile in a research note on Monday, August 17th. New Street Research lowered China Mobile from a “neutral” rating to a “reduce” rating and set a $49.00 price objective on the stock. in a research note on Monday, July 13th. Finally, Zacks Investment Research lowered China Mobile from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 24th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $44.00.
Shares of CHL traded down $0.04 on Friday, hitting $32.29. The company’s stock had a trading volume of 772,316 shares, compared to its average volume of 1,346,274. The company has a market capitalization of $132.23 billion, a PE ratio of 8.68, a PEG ratio of 1.46 and a beta of 0.53. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.11 and a quick ratio of 1.09. China Mobile Limited has a fifty-two week low of $30.12 and a fifty-two week high of $44.93. The company has a 50 day moving average price of $33.59 and a 200 day moving average price of $35.76.
The firm also recently announced a semi-annual dividend, which was paid on Friday, October 9th. Stockholders of record on Thursday, August 27th were issued a $0.9871 dividend. This represents a dividend yield of 5%. The ex-dividend date was Wednesday, August 26th. China Mobile’s payout ratio is currently 47.85%.
China Mobile Company Profile
China Mobile Limited provides mobile telecommunications and related services in Mainland China and Hong Kong. The company offers 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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