Private Advisor Group LLC bought a new stake in shares of China Mobile Ltd. (NYSE:CHl) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 5,851 shares of the company’s stock, valued at approximately $332,000.

Other institutional investors also recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in China Mobile during the second quarter valued at approximately $111,000. Signaturefd LLC raised its position in China Mobile by 1,873.5% in the second quarter. Signaturefd LLC now owns 2,230 shares of the company’s stock valued at $129,000 after buying an additional 2,117 shares during the period. Rothschild Investment Corp IL bought a new position in China Mobile during the second quarter valued at approximately $218,000. Cambridge Investment Research Advisors Inc. bought a new position in China Mobile during the second quarter valued at approximately $229,000. Finally, Private Bank & Trust Co. raised its position in China Mobile by 27.7% in the second quarter. Private Bank & Trust Co. now owns 4,708 shares of the company’s stock valued at $273,000 after buying an additional 1,022 shares during the period. 1.90% of the stock is owned by institutional investors.

Shares of China Mobile Ltd. (NYSE:CHL) traded up 0.4878% during trading on Wednesday, reaching $61.5789. The company had a trading volume of 89,601 shares. China Mobile Ltd. has a 12-month low of $50.12 and a 12-month high of $63.89. The company has a market cap of $252.17 billion, a P/E ratio of 15.0560 and a beta of 0.39. The firm has a 50-day moving average of $62.02 and a 200-day moving average of $58.11.

The business also recently announced a semiannual dividend, which will be paid on Tuesday, October 11th. Investors of record on Thursday, September 1st will be paid a $0.9599 dividend. This represents a dividend yield of 3.03%. The ex-dividend date of this dividend is Tuesday, August 30th. This is a boost from China Mobile’s previous semiannual dividend of $0.89.

A number of brokerages recently issued reports on CHL. Deutsche Bank AG lowered China Mobile from a “buy” rating to a “hold” rating in a report on Tuesday, June 7th. Goldman Sachs Group Inc. lowered China Mobile from a “conviction-buy” rating to a “buy” rating in a report on Wednesday, August 10th.

China Mobile Company Profile

China Mobile Limited is engaged in the provision of telecommunications and related services. The Company offers certain Internet-related services, including mobile Internet, digital services, and certain applications and information services. The Company’s businesses primarily consist of voice business and data business.

5 Day Chart for NYSE:CHl

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