China Mobile Ltd. (CHL) Shares Sold by Mondrian Investment Partners LTD

Mondrian Investment Partners LTD reduced its stake in China Mobile Ltd. (NYSE:CHL) by 11.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 940,063 shares of the Wireless communications provider’s stock after selling 124,052 shares during the quarter. Mondrian Investment Partners LTD’s holdings in China Mobile were worth $47,934,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. LMR Partners LLP increased its holdings in China Mobile by 284.8% in the fourth quarter. LMR Partners LLP now owns 1,364,132 shares of the Wireless communications provider’s stock worth $65,621,000 after purchasing an additional 1,009,613 shares in the last quarter. Nordea Investment Management AB bought a new stake in shares of China Mobile during the third quarter valued at approximately $15,634,000. Rehmann Capital Advisory Group increased its holdings in shares of China Mobile by 11,530.3% during the third quarter. Rehmann Capital Advisory Group now owns 317,043 shares of the Wireless communications provider’s stock valued at $6,479,000 after acquiring an additional 314,317 shares in the last quarter. Westpac Banking Corp bought a new stake in shares of China Mobile during the fourth quarter valued at approximately $12,370,000. Finally, Bank of New York Mellon Corp increased its holdings in shares of China Mobile by 3,571.6% during the fourth quarter. Bank of New York Mellon Corp now owns 221,066 shares of the Wireless communications provider’s stock valued at $10,611,000 after acquiring an additional 215,045 shares in the last quarter. 2.02% of the stock is currently owned by institutional investors.

Shares of China Mobile stock opened at $46.58 on Friday. 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. Stockholders of record on Friday, May 24th will be given a dividend of $0.8863 per share. The ex-dividend date of this dividend is Thursday, May 23rd. This is a positive change from China Mobile’s previous semiannual dividend of $0.80. This represents a dividend yield of 3.41%.

CHL has been the subject of several recent research reports. New Street Research downgraded China Mobile from a “buy” rating to a “neutral” rating in a report on Tuesday, January 22nd. Jefferies Financial Group upgraded China Mobile from a “hold” rating to a “buy” rating in a report on Monday, March 11th. Zacks Investment Research upgraded China Mobile from a “hold” rating to a “buy” rating and set a $58.00 price target for the company in a report on Thursday, January 24th. BNP Paribas cut China Mobile from an “outperform” rating to a “neutral” rating in a research report on Wednesday, February 13th. Finally, HSBC cut China Mobile from a “buy” rating to a “hold” rating in a research report on Thursday, March 21st. 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 company. The company has a consensus rating of “Hold” and an average price target of $53.22.

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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.

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

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