Blackhawk Capital Partners LLC. bought a new position in China Mobile Ltd. (NYSE:CHL) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 4,447 shares of the Wireless communications provider’s stock, valued at approximately $227,000.

A number of other hedge funds also recently modified their holdings of CHL. Freestone Capital Holdings LLC raised its position in China Mobile by 14.0% in the first quarter. Freestone Capital Holdings LLC now owns 238,958 shares of the Wireless communications provider’s stock worth $12,184,000 after acquiring an additional 29,364 shares during the period. Penserra Capital Management LLC bought a new position in China Mobile in the first quarter worth approximately $300,000. Connor Clark & Lunn Investment Management Ltd. raised its position in China Mobile by 63.6% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 35,000 shares of the Wireless communications provider’s stock worth $1,785,000 after acquiring an additional 13,600 shares during the period. Cambridge Investment Research Advisors Inc. bought a new position in China Mobile in the first quarter worth approximately $376,000. Finally, US Bancorp DE raised its position in China Mobile by 172.4% in the first quarter. US Bancorp DE now owns 88,543 shares of the Wireless communications provider’s stock worth $4,515,000 after acquiring an additional 56,038 shares during the period. Institutional investors own 2.02% of the company’s stock.

Several research analysts have weighed in on the stock. Zacks Investment Research downgraded shares of China Mobile from a “hold” rating to a “sell” rating in a research report on Monday. Credit Suisse Group upgraded shares of China Mobile from a “neutral” rating to an “outperform” rating and set a $46.65 price target on the stock in a research report on Wednesday, May 8th. Goldman Sachs Group downgraded shares of China Mobile from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $64.00 to $55.00 in a research report on Monday, April 15th. Citigroup restated a “buy” rating on shares of China Mobile in a research report on Friday, March 22nd. Finally, HSBC downgraded shares of China Mobile from a “buy” rating to a “hold” rating in a research report on Thursday, March 21st. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company’s stock. China Mobile presently has a consensus rating of “Hold” and an average price target of $53.22.

Shares of CHL stock opened at $46.03 on Thursday. China Mobile Ltd. has a one year low of $43.25 and a one year 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. This represents a dividend yield of 3.41%. 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.

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China Mobile Profile

China Mobile Limited provides mobile telecommunications and related services in Mainland China and Hong Kong. The company offers 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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