Raymond James & Associates Buys 4,436 Shares of China Mobile (CHL)

Raymond James & Associates raised its stake in shares of China Mobile (NYSE:CHL) by 4.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 100,117 shares of the Wireless communications provider’s stock after acquiring an additional 4,436 shares during the period. Raymond James & Associates’ holdings in China Mobile were worth $5,060,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Two Sigma Investments LP raised its stake in shares of China Mobile by 24.1% during the 4th quarter. Two Sigma Investments LP now owns 733,449 shares of the Wireless communications provider’s stock valued at $37,069,000 after buying an additional 142,624 shares during the last quarter. Two Sigma Advisers LP grew its position in shares of China Mobile by 34.1% during the 4th quarter. Two Sigma Advisers LP now owns 550,500 shares of the Wireless communications provider’s stock valued at $27,822,000 after acquiring an additional 140,100 shares during the period. Guggenheim Capital LLC grew its position in shares of China Mobile by 4.2% during the 4th quarter. Guggenheim Capital LLC now owns 41,409 shares of the Wireless communications provider’s stock valued at $2,093,000 after acquiring an additional 1,662 shares during the period. Credit Capital Investments LLC acquired a new stake in shares of China Mobile during the 4th quarter valued at about $2,274,000. Finally, BlueCrest Capital Management Ltd grew its position in shares of China Mobile by 24.3% during the 4th quarter. BlueCrest Capital Management Ltd now owns 6,215 shares of the Wireless communications provider’s stock valued at $314,000 after acquiring an additional 1,215 shares during the period. Institutional investors and hedge funds own 1.92% of the company’s stock.

How to Become a New Pot Stock Millionaire

NYSE:CHL opened at $45.75 on Monday. China Mobile has a 52 week low of $44.55 and a 52 week high of $56.93.

The firm also recently announced a special dividend, which will be paid on Monday, July 9th. Stockholders of record on Thursday, May 24th will be given a dividend of $1.0082 per share. The ex-dividend date is Wednesday, May 23rd. China Mobile’s dividend payout ratio (DPR) is presently 39.95%.

CHL has been the topic of a number of analyst reports. Zacks Investment Research upgraded China Mobile from a “hold” rating to a “buy” rating and set a $51.00 target price on the stock in a research report on Thursday, March 8th. HSBC upgraded China Mobile from a “hold” rating to a “buy” rating in a research report on Monday, March 5th. Jefferies Group upgraded China Mobile from an “underperform” rating to a “hold” rating in a research report on Thursday, March 22nd. Finally, Nomura cut China Mobile from a “buy” rating to a “neutral” rating in a research report on Monday, March 12th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $51.00.

TRADEMARK VIOLATION NOTICE: “Raymond James & Associates Buys 4,436 Shares of China Mobile (CHL)” was originally reported by WKRB News and is the property of of WKRB News. If you are accessing this news story on another domain, it was copied illegally and republished in violation of United States & international copyright legislation. The original version of this news story can be viewed at https://www.wkrb13.com/2018/04/02/raymond-james-associates-buys-4436-shares-of-china-mobile-chl.html.

China Mobile Profile

China Mobile Limited, an investment holding company, provides mobile telecommunications and related services in Mainland China and Hong Kong. It offers voice services, including local calls; domestic and international long distance calls and roaming services; and voice value-added services, such as caller identity display, call waiting, conference calls, and others.

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 (NYSE:CHL).

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

Receive News & Ratings for China Mobile Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for China Mobile and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply