Naples Global Advisors LLC Has $1.545 Million Position in China Mobile Ltd. (CHL)

Naples Global Advisors LLC boosted its position in shares of China Mobile Ltd. (NYSE:CHL) by 4.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 27,965 shares of the Wireless communications provider’s stock after buying an additional 1,145 shares during the period. Naples Global Advisors LLC’s holdings in China Mobile were worth $1,545,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. Lazard Asset Management LLC raised its stake in shares of China Mobile by 1.1% in the third quarter. Lazard Asset Management LLC now owns 15,936,050 shares of the Wireless communications provider’s stock worth $980,384,000 after buying an additional 173,816 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of China Mobile by 2.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,819,794 shares of the Wireless communications provider’s stock worth $200,317,000 after buying an additional 78,699 shares during the period. Harding Loevner LP raised its stake in shares of China Mobile by 2.6% in the first quarter. Harding Loevner LP now owns 3,162,700 shares of the Wireless communications provider’s stock worth $174,676,000 after buying an additional 79,530 shares during the period. Renaissance Technologies LLC raised its stake in shares of China Mobile by 32.5% in the fourth quarter. Renaissance Technologies LLC now owns 3,017,000 shares of the Wireless communications provider’s stock worth $158,181,000 after buying an additional 739,700 shares during the period. Finally, Northern Trust Corp raised its stake in shares of China Mobile by 3.6% in the third quarter. Northern Trust Corp now owns 1,648,830 shares of the Wireless communications provider’s stock worth $101,436,000 after buying an additional 56,862 shares during the period. 1.88% of the stock is owned by institutional investors.

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

China Mobile Ltd. (NYSE:CHL) traded down 0.07% during midday trading on Friday, reaching $53.87. 339,322 shares of the company traded hands. The firm’s 50 day moving average price is $55.25 and its 200 day moving average price is $55.87. China Mobile Ltd. has a 12 month low of $51.73 and a 12 month high of $63.89. The firm has a market capitalization of $220.60 billion, a price-to-earnings ratio of 13.99 and a beta of 0.47.

The business also recently announced a semiannual dividend, which will be paid on Monday, July 10th. Shareholders of record on Friday, June 2nd will be paid a $0.80 dividend. This represents a dividend yield of 2.94%. The ex-dividend date is Wednesday, May 31st.

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A number of brokerages have recently issued reports on CHL. HSBC Holdings plc lowered shares of China Mobile from a “buy” rating to a “hold” rating in a research note on Thursday, March 23rd. Deutsche Bank AG upgraded shares of China Mobile from a “hold” rating to a “buy” rating in a research note on Tuesday, January 31st. Finally, Zacks Investment Research lowered shares of China Mobile from a “hold” rating to a “strong sell” rating in a research note on Wednesday, January 18th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. China Mobile presently has a consensus rating of “Hold” and a consensus target price of $68.00.

About China Mobile

China Mobile Limited is an investment holding company principally engaged in telecommunication and related businesses. Its main businesses include Mobile businesses and Wireline Broadband businesses. Mobile businesses include two categories of services. Voice services include local calls, domestic and international long distance calls, roaming services and voice value-added services.

5 Day Chart for NYSE:CHL

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