United Capital Financial Advisers LLC Raises Stock Holdings in China Mobile Ltd. (NYSE:CHL)

United Capital Financial Advisers LLC grew its stake in China Mobile Ltd. (NYSE:CHL) by 189.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,092 shares of the Wireless communications provider’s stock after acquiring an additional 13,161 shares during the quarter. United Capital Financial Advisers LLC’s holdings in China Mobile were worth $910,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the company. Rockefeller Capital Management L.P. increased its stake in China Mobile by 1.4% in the first quarter. Rockefeller Capital Management L.P. now owns 18,723 shares of the Wireless communications provider’s stock valued at $955,000 after purchasing an additional 257 shares during the last quarter. Pinnacle Bank increased its stake in China Mobile by 106.5% in the second quarter. Pinnacle Bank now owns 568 shares of the Wireless communications provider’s stock valued at $26,000 after purchasing an additional 293 shares during the last quarter. Cornerstone Advisors Inc. increased its stake in China Mobile by 43.6% in the first quarter. Cornerstone Advisors Inc. now owns 975 shares of the Wireless communications provider’s stock valued at $50,000 after purchasing an additional 296 shares during the last quarter. TD Asset Management Inc. increased its stake in China Mobile by 6.7% in the second quarter. TD Asset Management Inc. now owns 5,134 shares of the Wireless communications provider’s stock valued at $233,000 after purchasing an additional 323 shares during the last quarter. Finally, Bienville Capital Management LLC increased its stake in China Mobile by 3.3% in the first quarter. Bienville Capital Management LLC now owns 12,522 shares of the Wireless communications provider’s stock valued at $638,000 after purchasing an additional 399 shares during the last quarter. Institutional investors and hedge funds own 1.96% of the company’s stock.

Several equities analysts recently commented on the company. Sanford C. Bernstein upgraded China Mobile from a “market perform” rating to an “outperform” rating in a research note on Thursday, August 15th. Zacks Investment Research upgraded China Mobile from a “sell” rating to a “hold” rating in a research note on Friday, August 2nd. Mizuho upgraded China Mobile from an “underperform” rating to a “neutral” rating in a research note on Thursday, August 8th. ValuEngine lowered China Mobile from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. Finally, JPMorgan Chase & Co. lowered China Mobile from an “overweight” rating to a “neutral” rating in a research note on Thursday, August 8th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $53.22.

NYSE:CHL traded down $0.30 on Friday, hitting $41.02. 563,005 shares of the stock were exchanged, compared to its average volume of 556,878. The stock has a market cap of $167.98 billion, a PE ratio of 9.86, a PEG ratio of 2.16 and a beta of 0.59. The company has a current ratio of 1.11, a quick ratio of 1.09 and a debt-to-equity ratio of 0.05. The stock has a fifty day moving average of $41.66 and a 200-day moving average of $45.92. China Mobile Ltd. has a fifty-two week low of $39.77 and a fifty-two week high of $55.84.

The company also recently declared a — dividend, which will be paid on Monday, October 7th. Shareholders of record on Thursday, August 29th will be paid a dividend of $0.9732 per share. The ex-dividend date is Wednesday, August 28th. This represents a yield of 4.1%. China Mobile’s dividend payout ratio is presently 42.07%.

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

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