Ledyard National Bank Acquires 5,219 Shares of China Mobile Ltd. (CHL)

Ledyard National Bank boosted its position in shares of China Mobile Ltd. (NYSE:CHL) by 5.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 94,159 shares of the Wireless communications provider’s stock after buying an additional 5,219 shares during the period. Ledyard National Bank’s holdings in China Mobile were worth $4,801,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Legacy Financial Advisors Inc. increased its position in shares of China Mobile by 50.2% during the fourth quarter. Legacy Financial Advisors Inc. now owns 892 shares of the Wireless communications provider’s stock worth $43,000 after acquiring an additional 298 shares during the period. MML Investors Services LLC increased its position in shares of China Mobile by 2.7% during the fourth quarter. MML Investors Services LLC now owns 11,948 shares of the Wireless communications provider’s stock worth $573,000 after acquiring an additional 309 shares during the period. Cornerstone Advisors Inc. increased its holdings 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 buying an additional 349 shares during the last quarter. Unison Advisors LLC increased its holdings in China Mobile by 1.6% in the fourth quarter. Unison Advisors LLC now owns 23,523 shares of the Wireless communications provider’s stock valued at $1,129,000 after buying an additional 364 shares during the last quarter. Finally, Dorsey Wright & Associates increased its holdings in China Mobile by 0.6% in the first quarter. Dorsey Wright & Associates now owns 76,889 shares of the Wireless communications provider’s stock valued at $3,920,000 after buying an additional 492 shares during the last quarter. Institutional investors and hedge funds own 2.02% of the company’s stock.

NYSE:CHL traded up $0.13 during mid-day trading on Friday, reaching $47.38. The stock had a trading volume of 495,027 shares, compared to its average volume of 1,021,845. China Mobile Ltd. has a twelve month low of $43.25 and a twelve month high of $55.84. The company has a market cap of $194.03 billion, a P/E ratio of 11.47, a PEG ratio of 2.64 and a beta of 0.60.

The business also recently announced 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. The ex-dividend date of this dividend is Thursday, May 23rd. This is a boost from China Mobile’s previous semiannual dividend of $0.80. This represents a yield of 3.41%. China Mobile’s dividend payout ratio (DPR) is 50.85%.

Several equities analysts recently commented on the company. Zacks Investment Research lowered China Mobile from a “strong-buy” rating to a “hold” rating in a report on Wednesday. Citigroup reaffirmed a “buy” rating on shares of China Mobile in a report on Friday, March 22nd. HSBC lowered China Mobile from a “buy” rating to a “hold” rating in a report on Thursday, March 21st. New Street Research lowered China Mobile from a “buy” rating to a “neutral” rating in a report on Tuesday, January 22nd. Finally, Goldman Sachs Group downgraded shares of China Mobile from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $64.00 to $55.00 in a research note on Monday, April 15th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company’s stock. The stock 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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