Calamos Advisors LLC Takes $2.38 Million Position in China Mobile Ltd. (CHL)

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Calamos Advisors LLC acquired a new stake in China Mobile Ltd. (NYSE:CHL) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 46,600 shares of the Wireless communications provider’s stock, valued at approximately $2,376,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in CHL. JPMorgan Chase & Co. lifted its holdings in China Mobile by 36.0% in the third quarter. JPMorgan Chase & Co. now owns 6,229 shares of the Wireless communications provider’s stock valued at $305,000 after acquiring an additional 1,649 shares during the last quarter. FMR LLC lifted its holdings in China Mobile by 4.2% in the third quarter. FMR LLC now owns 94,188 shares of the Wireless communications provider’s stock valued at $4,609,000 after acquiring an additional 3,788 shares during the last quarter. First Republic Investment Management Inc. lifted its holdings in China Mobile by 59.2% in the third quarter. First Republic Investment Management Inc. now owns 16,388 shares of the Wireless communications provider’s stock valued at $801,000 after acquiring an additional 6,096 shares during the last quarter. HPM Partners LLC acquired a new position in China Mobile in the third quarter valued at approximately $273,000. Finally, Nordea Investment Management AB acquired a new position in China Mobile in the third quarter valued at approximately $15,634,000. Hedge funds and other institutional investors own 2.02% of the company’s stock.

NYSE:CHL opened at $48.50 on Tuesday. China Mobile Ltd. has a 52 week low of $43.25 and a 52 week high of $55.84. The firm has a market cap of $199.39 billion, a price-to-earnings ratio of 11.74, a PEG ratio of 2.70 and a beta of 0.64.

The company also recently declared a semiannual dividend, which will be paid on Monday, July 8th. Shareholders of record on Friday, May 24th will be paid a dividend of $0.8863 per share. This represents a 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 dividend payout ratio is 50.85%.

CHL has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded China Mobile from a “hold” rating to a “buy” rating and set a $58.00 price objective on the stock in a report on Thursday, January 24th. Nomura upgraded China Mobile from a “neutral” rating to a “buy” rating in a report on Monday, January 7th. Jefferies Financial Group upgraded China Mobile from a “hold” rating to a “buy” rating in a report on Monday, March 11th. Citigroup reiterated a “buy” rating on shares of China Mobile in a report on Friday, March 22nd. Finally, HSBC cut China Mobile from a “buy” rating to a “hold” rating in a report on Thursday, March 21st. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $56.50.

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China Mobile Company Profile

China Mobile Limited, an investment holding company, provides mobile telecommunications and related services in Mainland China and Hong Kong. The company offers voice services, including 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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