Rosenberg Matthew Hamilton decreased its stake in China Mobile Limited (NYSE:CHL) by 22.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund 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 reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in CHL. Johnson Investment Counsel Inc. raised its stake in China Mobile by 3.0% during the 2nd quarter. Johnson Investment Counsel Inc. now owns 11,165 shares of the Wireless communications provider’s stock valued at $387,000 after acquiring an additional 330 shares in the last quarter. Guggenheim Capital LLC increased its position in shares of China Mobile by 0.5% during the 1st quarter. Guggenheim Capital LLC now owns 71,635 shares of the Wireless communications provider’s stock valued at $2,699,000 after purchasing an additional 380 shares during the period. Fifth Third Bancorp increased its position in shares of China Mobile by 0.9% during the 2nd quarter. Fifth Third Bancorp now owns 44,529 shares of the Wireless communications provider’s stock valued at $1,498,000 after purchasing an additional 390 shares during the period. AdvisorNet Financial Inc increased its position in shares of China Mobile by 82.5% during the 2nd quarter. AdvisorNet Financial Inc now owns 978 shares of the Wireless communications provider’s stock valued at $33,000 after purchasing an additional 442 shares during the period. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in shares of China Mobile by 36.5% during the 2nd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 2,027 shares of the Wireless communications provider’s stock valued at $68,000 after purchasing an additional 542 shares during the period. 2.01% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE CHL traded down $0.04 during mid-day trading on Friday, reaching $32.29. The company had a trading volume of 772,316 shares, compared to its average volume of 1,346,274. The company has a current ratio of 1.11, a quick ratio of 1.09 and a debt-to-equity ratio of 0.04. The stock has a market cap of $132.23 billion, a PE ratio of 8.68, a P/E/G ratio of 1.46 and a beta of 0.53. The company has a 50-day moving average price of $33.59 and a two-hundred day moving average price of $35.76. China Mobile Limited has a 1-year low of $30.12 and a 1-year high of $44.93.

The business also recently announced a semi-annual dividend, which was paid on Friday, October 9th. Investors 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 47.85%.

Several brokerages have recently issued reports on CHL. New Street Research cut China Mobile from a “neutral” rating to a “reduce” rating and set a $49.00 price target on the stock. in a research report on Monday, July 13th. Zacks Investment Research cut China Mobile from a “strong-buy” rating to a “hold” rating in a report on Friday, July 24th. Finally, Nomura restated a “buy” rating on shares of China Mobile in a report on Monday, August 17th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $44.00.

About China Mobile

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

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