O Shaughnessy Asset Management LLC Trims Position in China Mobile Ltd. (CHL)
O Shaughnessy Asset Management LLC lowered its holdings in China Mobile Ltd. (NYSE:CHL) by 6.4% in the 1st quarter, HoldingsChannel.com reports. The firm owned 75,911 shares of the Wireless communications provider’s stock after selling 5,204 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in China Mobile were worth $3,871,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Sontag Advisory LLC bought a new position in China Mobile during the 4th quarter valued at $28,000. Ellis Investment Partners LLC bought a new position in China Mobile during the 1st quarter valued at $907,000. Cornerstone Advisors Inc. lifted 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. Eqis Capital Management Inc. lifted its stake in China Mobile by 192.9% during the 1st quarter. Eqis Capital Management Inc. now owns 15,314 shares of the Wireless communications provider’s stock valued at $781,000 after acquiring an additional 10,086 shares in the last quarter. Finally, NumerixS Investment Technologies Inc bought a new position in China Mobile during the 4th quarter valued at $38,000. 2.10% of the stock is owned by institutional investors and hedge funds.
Several equities analysts have weighed in on the company. HSBC cut China Mobile from a “buy” rating to a “hold” rating in a research note on Thursday, March 21st. BNP Paribas cut China Mobile from an “outperform” rating to a “neutral” rating in a research note on Wednesday, February 13th. New Street Research cut China Mobile from a “neutral” rating to a “reduce” rating in a research note on Monday, February 11th. Citigroup reiterated a “buy” rating on shares of China Mobile in a research note on Friday, March 22nd. Finally, Jefferies Financial Group upgraded China Mobile from a “hold” rating to a “buy” rating in a research note on Monday, March 11th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. China Mobile has an average rating of “Hold” and a consensus price target of $53.22.
The firm also recently announced a semiannual dividend, which will be paid on Monday, July 8th. Stockholders of record on Friday, May 24th will be paid a dividend of $0.8863 per share. 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. China Mobile’s payout ratio is presently 38.46%.
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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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