HighPoint Advisor Group LLC Sells 418 Shares of China Mobile Ltd. (CHL)

HighPoint Advisor Group LLC lessened its stake in shares of China Mobile Ltd. (NYSE:CHL) by 9.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,918 shares of the Wireless communications provider’s stock after selling 418 shares during the quarter. HighPoint Advisor Group LLC’s holdings in China Mobile were worth $206,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Lindbrook Capital LLC purchased a new stake in China Mobile in the fourth quarter worth approximately $27,000. Sontag Advisory LLC bought a new stake in China Mobile in the fourth quarter valued at approximately $28,000. Cornerstone Advisors Inc. lifted its position in China Mobile by 121.2% in the third quarter. Cornerstone Advisors Inc. now owns 637 shares of the Wireless communications provider’s stock valued at $31,000 after purchasing an additional 349 shares during the last quarter. NumerixS Investment Technologies Inc bought a new stake in China Mobile in the fourth quarter valued at approximately $38,000. Finally, We Are One Seven LLC bought a new stake in China Mobile in the fourth quarter valued at approximately $39,000. 2.02% of the stock is owned by institutional investors and hedge funds.

Shares of China Mobile stock traded down $0.46 during midday trading on Friday, reaching $48.21. 752,960 shares of the company’s stock traded hands, compared to its average volume of 1,247,558. The company has a market cap of $197.42 billion, a PE ratio of 11.67, a P/E/G ratio of 2.66 and a beta of 0.64. China Mobile Ltd. has a 12 month low of $43.25 and a 12 month 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 $0.8863 dividend. This is an increase from China Mobile’s previous semiannual dividend of $0.80. The ex-dividend date of this dividend is Thursday, May 23rd. This represents a yield of 3.41%. China Mobile’s dividend payout ratio is 50.85%.

Several analysts have weighed in on the company. Citigroup reiterated a “buy” rating on shares of China Mobile in a research report on Friday, March 22nd. New Street Research downgraded China Mobile from a “neutral” rating to a “reduce” rating in a research report on Monday, February 11th. HSBC downgraded China Mobile from a “buy” rating to a “hold” rating in a research report on Thursday, March 21st. Goldman Sachs Group downgraded China Mobile from a “buy” rating to a “neutral” rating and decreased their target price for the company from $64.00 to $55.00 in a report on Monday, April 15th. Finally, BNP Paribas downgraded China Mobile from an “outperform” rating to a “neutral” rating in a report on Wednesday, February 13th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $56.50.

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China Mobile Profile

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.

Read More: Intrinsic Value

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

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