China Mobile Ltd. (NYSE:CHL) Shares Bought by Dorsey Wright & Associates

Dorsey Wright & Associates increased its stake in shares of China Mobile Ltd. (NYSE:CHL) by 0.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 76,889 shares of the Wireless communications provider’s stock after buying an additional 492 shares during the quarter. Dorsey Wright & Associates’ holdings in China Mobile were worth $3,920,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Lindbrook Capital LLC purchased a new stake in China Mobile in the 4th quarter worth approximately $27,000. Sontag Advisory LLC purchased a new stake in shares of China Mobile during the 4th quarter valued at $28,000. Cornerstone Advisors Inc. grew its stake in shares of China Mobile by 121.2% during the 3rd quarter. Cornerstone Advisors Inc. now owns 637 shares of the Wireless communications provider’s stock valued at $31,000 after buying an additional 349 shares during the period. Global Retirement Partners LLC grew its stake in shares of China Mobile by 1,169.5% during the 4th quarter. Global Retirement Partners LLC now owns 749 shares of the Wireless communications provider’s stock valued at $36,000 after buying an additional 690 shares during the period. Finally, NumerixS Investment Technologies Inc purchased a new stake in shares of China Mobile during the 4th quarter valued at $38,000. 2.02% of the stock is currently owned by hedge funds and other institutional investors.

Shares of China Mobile stock opened at $47.64 on Friday. China Mobile Ltd. has a 1 year low of $43.25 and a 1 year high of $55.84. The stock has a market capitalization of $195.13 billion, a PE ratio of 11.54, a P/E/G ratio of 2.61 and a beta of 0.64.

The firm also recently disclosed a semiannual dividend, which will be paid on Monday, July 8th. Investors of record on Friday, May 24th will be given a dividend of $0.8863 per share. This represents a dividend yield of 3.41%. The ex-dividend date is Thursday, May 23rd. This is an increase from China Mobile’s previous semiannual dividend of $0.80. China Mobile’s dividend payout ratio is currently 50.85%.

Several brokerages have recently issued reports on CHL. Citigroup reissued a “buy” rating on shares of China Mobile in a research note on Friday, March 22nd. New Street Research cut shares of China Mobile from a “neutral” rating to a “reduce” rating in a research report on Monday, February 11th. HSBC cut shares of China Mobile from a “buy” rating to a “hold” rating in a research report on Thursday, March 21st. Goldman Sachs Group cut shares of China Mobile from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $64.00 to $55.00 in a research report on Monday, April 15th. Finally, BNP Paribas lowered shares of 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 issued a hold rating and four have given a buy rating to the company. China Mobile currently has a consensus rating of “Hold” and a consensus price target of $56.50.

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About China Mobile

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.

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

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