Millennium Management LLC Buys 79,663 Shares of China Mobile Ltd. (CHL)

Millennium Management LLC lifted its stake in China Mobile Ltd. (NYSE:CHL) by 70.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 192,506 shares of the Wireless communications provider’s stock after acquiring an additional 79,663 shares during the period. Millennium Management LLC’s holdings in China Mobile were worth $8,545,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Signaturefd LLC raised its position in shares of China Mobile by 93.8% in the 2nd quarter. Signaturefd LLC now owns 9,218 shares of the Wireless communications provider’s stock worth $409,000 after acquiring an additional 4,462 shares in the last quarter. Macquarie Group Ltd. raised its position in shares of China Mobile by 0.8% in the 2nd quarter. Macquarie Group Ltd. now owns 3,499,196 shares of the Wireless communications provider’s stock worth $155,329,000 after acquiring an additional 28,522 shares in the last quarter. Bank of America Corp DE raised its position in shares of China Mobile by 5.0% in the 2nd quarter. Bank of America Corp DE now owns 1,121,011 shares of the Wireless communications provider’s stock worth $49,761,000 after acquiring an additional 53,822 shares in the last quarter. Raymond James & Associates raised its position in shares of China Mobile by 2.5% in the 2nd quarter. Raymond James & Associates now owns 112,581 shares of the Wireless communications provider’s stock worth $4,997,000 after acquiring an additional 2,796 shares in the last quarter. Finally, Renaissance Technologies LLC raised its position in shares of China Mobile by 11.7% in the 2nd quarter. Renaissance Technologies LLC now owns 4,405,700 shares of the Wireless communications provider’s stock worth $195,569,000 after acquiring an additional 459,900 shares in the last quarter. 1.98% of the stock is owned by hedge funds and other institutional investors.

Several research analysts have recently commented on CHL shares. Zacks Investment Research lowered China Mobile from a “hold” rating to a “sell” rating in a research report on Tuesday, June 19th. BNP Paribas lowered China Mobile from a “buy” rating to a “hold” rating in a research report on Tuesday, July 31st. Finally, ValuEngine raised China Mobile from a “sell” rating to a “hold” rating in a research report on Tuesday, October 2nd. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. China Mobile currently has a consensus rating of “Hold” and an average price target of $51.00.

Shares of NYSE:CHL opened at $49.57 on Tuesday. China Mobile Ltd. has a 1 year low of $43.25 and a 1 year high of $53.23. The stock has a market cap of $200.37 billion, a P/E ratio of 12.01, a price-to-earnings-growth ratio of 2.32 and a beta of 0.57.

The firm also recently announced a special dividend, which will be paid on Tuesday, October 9th. Investors of record on Friday, September 7th will be given a dividend of $1.1631 per share. This is a positive change from China Mobile’s previous special dividend of $1.01. This represents a yield of 4.2%. The ex-dividend date of this dividend is Thursday, September 6th. China Mobile’s dividend payout ratio is currently 50.85%.

About China Mobile

There is no company description available for China Mobile Ltd.

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

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