Russell Investments Group Ltd. Has $1.67 Million Position in China Mobile Ltd. (NYSE:CHL)

Russell Investments Group Ltd. lessened its holdings in China Mobile Ltd. (NYSE:CHL) by 70.7% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 36,805 shares of the Wireless communications provider’s stock after selling 88,707 shares during the period. Russell Investments Group Ltd.’s holdings in China Mobile were worth $1,671,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Rockefeller Capital Management L.P. grew its stake in China Mobile by 1.4% during the first quarter. Rockefeller Capital Management L.P. now owns 18,723 shares of the Wireless communications provider’s stock worth $955,000 after buying an additional 257 shares during the last quarter. Pinnacle Bank grew its stake in China Mobile by 106.5% during the second quarter. Pinnacle Bank now owns 568 shares of the Wireless communications provider’s stock worth $26,000 after buying an additional 293 shares during the last quarter. Cornerstone Advisors Inc. grew its stake in China Mobile by 43.6% during the first quarter. Cornerstone Advisors Inc. now owns 975 shares of the Wireless communications provider’s stock worth $50,000 after buying an additional 296 shares during the last quarter. TD Asset Management Inc. grew its stake in China Mobile by 6.7% during the second quarter. TD Asset Management Inc. now owns 5,134 shares of the Wireless communications provider’s stock worth $233,000 after buying an additional 323 shares during the last quarter. Finally, Bienville Capital Management LLC grew its stake in China Mobile by 3.3% during the first quarter. Bienville Capital Management LLC now owns 12,522 shares of the Wireless communications provider’s stock worth $638,000 after buying an additional 399 shares during the last quarter. 1.96% of the stock is owned by hedge funds and other institutional investors.

Several analysts have weighed in on the stock. Zacks Investment Research raised shares of China Mobile from a “sell” rating to a “hold” rating in a research note on Friday, August 2nd. Mizuho raised shares of China Mobile from an “underperform” rating to a “neutral” rating in a research note on Thursday, August 8th. JPMorgan Chase & Co. cut shares of China Mobile from an “overweight” rating to a “neutral” rating in a research note on Thursday, August 8th. Sanford C. Bernstein raised shares of China Mobile from a “market perform” rating to an “outperform” rating in a research note on Thursday, August 15th. Finally, ValuEngine cut shares of China Mobile from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $53.22.

CHL stock traded down $0.02 during midday trading on Friday, reaching $41.30. The company’s stock had a trading volume of 99,935 shares, compared to its average volume of 569,605. China Mobile Ltd. has a 52 week low of $39.77 and a 52 week high of $55.84. The stock has a market cap of $169.04 billion, a PE ratio of 9.93, a price-to-earnings-growth ratio of 2.18 and a beta of 0.59. The company has a quick ratio of 1.09, a current ratio of 1.11 and a debt-to-equity ratio of 0.05. The business’s 50-day simple moving average is $41.69 and its 200-day simple moving average is $45.98.

The firm also recently disclosed a — dividend, which will be paid on Monday, October 7th. Shareholders of record on Thursday, August 29th will be paid a $0.9732 dividend. The ex-dividend date of this dividend is Wednesday, August 28th. This represents a yield of 4.1%. China Mobile’s payout ratio is presently 42.07%.

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.

Read More: What is the accumulation/distribution indicator?

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

Receive News & Ratings for China Mobile Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for China Mobile and related companies with MarketBeat.com's FREE daily email newsletter.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit