Kendall Capital Management increased its stake in China Mobile Ltd. (NYSE:CHL) by 8.7% in the first quarter, HoldingsChannel reports. The institutional investor owned 8,645 shares of the Wireless communications provider’s stock after purchasing an additional 695 shares during the quarter. Kendall Capital Management’s holdings in China Mobile were worth $441,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Lindbrook Capital LLC lifted its holdings in shares of China Mobile by 48.6% in the 1st quarter. Lindbrook Capital LLC now owns 850 shares of the Wireless communications provider’s stock worth $43,000 after purchasing an additional 278 shares during the last quarter. Cornerstone Advisors Inc. raised its stake in China Mobile by 43.6% during the 1st quarter. Cornerstone Advisors Inc. now owns 975 shares of the Wireless communications provider’s stock valued at $50,000 after acquiring an additional 296 shares in the last quarter. MML Investors Services LLC raised its stake in China Mobile by 2.7% during the 4th quarter. MML Investors Services LLC now owns 11,948 shares of the Wireless communications provider’s stock valued at $573,000 after acquiring an additional 309 shares in the last quarter. Unison Advisors LLC raised its stake in China Mobile by 1.6% during the 4th quarter. Unison Advisors LLC now owns 23,523 shares of the Wireless communications provider’s stock valued at $1,129,000 after acquiring an additional 364 shares in the last quarter. Finally, Avitas Wealth Management LLC raised its stake in shares of China Mobile by 0.7% in the 1st quarter. Avitas Wealth Management LLC now owns 53,961 shares of the Wireless communications provider’s stock worth $2,751,000 after buying an additional 401 shares in the last quarter. Institutional investors and hedge funds own 2.02% of the company’s stock.

CHL opened at $46.35 on Tuesday. China Mobile Ltd. has a one year low of $43.25 and a one year high of $55.84.

The business also recently announced a semiannual dividend, which will be paid on Monday, July 8th. Investors of record on Friday, May 24th will be issued a $0.8863 dividend. This represents a dividend yield of 3.41%. This is a boost from China Mobile’s previous semiannual dividend of $0.80. The ex-dividend date is Thursday, May 23rd.

A number of analysts have recently commented on CHL shares. Jefferies Financial Group raised China Mobile from a “hold” rating to a “buy” rating in a research note on Monday, March 11th. New Street Research downgraded China Mobile from a “neutral” rating to a “reduce” rating in a research note on Monday, February 11th. BNP Paribas downgraded China Mobile from an “outperform” rating to a “neutral” rating in a research note on Wednesday, February 13th. Goldman Sachs Group downgraded China Mobile from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $64.00 to $55.00 in a research note on Monday, April 15th. Finally, Credit Suisse Group raised China Mobile from a “neutral” rating to an “outperform” rating and set a $46.65 price objective on the stock in a research note on Wednesday, May 8th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. China Mobile presently has a consensus rating of “Hold” and an average price target of $53.22.

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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.

Further Reading: How to track put option volume

Want to see what other hedge funds are holding CHL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for China Mobile Ltd. (NYSE:CHL).

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

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