Todays Report: The Candriam Luxembourg S.C.A. Continues to Hold Stake in China Mobile Ltd. (CHL)

The Candriam Luxembourg S.C.A. Continues to Hold Stake in China Mobile Ltd. (CHL)

Candriam Luxembourg S.C.A. continued to hold its stake in shares of China Mobile Ltd. (NYSE:CHL) during the second quarter, Holdings Channel reports. The institutional investor owned 15,705 shares of the company’s stock at the end of the second quarter. Candriam Luxembourg S.C.A.’s holdings in China Mobile were worth $909,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in CHL. Rothschild Investment Corp IL acquired a new stake in shares of China Mobile during the second quarter valued at about $218,000. Private Bank & Trust Co. raised its position in China Mobile by 27.7% in the second quarter. Private Bank & Trust Co. now owns 4,708 shares of the company’s stock worth $273,000 after buying an additional 1,022 shares in the last quarter. Rehmann Capital Advisory Group raised its position in China Mobile by 15.8% in the second quarter. Rehmann Capital Advisory Group now owns 5,121 shares of the company’s stock worth $297,000 after buying an additional 698 shares in the last quarter. Scotia Capital Inc. raised its position in China Mobile by 39.2% in the first quarter. Scotia Capital Inc. now owns 5,695 shares of the company’s stock worth $316,000 after buying an additional 1,604 shares in the last quarter. Finally, Genesee Valley Trust Co. raised its position in China Mobile by 2.3% in the second quarter. Genesee Valley Trust Co. now owns 6,053 shares of the company’s stock worth $350,000 after buying an additional 138 shares in the last quarter. 1.90% of the stock is currently owned by institutional investors.

China Mobile Ltd. (NYSE:CHL) traded down 0.64% during trading on Friday, hitting $62.39. 383,081 shares of the stock were exchanged. The stock’s 50-day moving average price is $61.86 and its 200-day moving average price is $58.71. China Mobile Ltd. has a 12-month low of $50.12 and a 12-month high of $63.89. The firm has a market cap of $255.49 billion, a PE ratio of 15.25 and a beta of 0.35.

The company also recently disclosed a semiannual dividend, which will be paid on Tuesday, October 11th. Investors of record on Thursday, September 1st will be issued a $0.9599 dividend. This represents a dividend yield of 3.03%. The ex-dividend date is Tuesday, August 30th. This is a boost from China Mobile’s previous semiannual dividend of $0.89.

Separately, Goldman Sachs Group Inc. lowered shares of China Mobile from a “conviction-buy” rating to a “buy” rating in a research report on Wednesday, August 10th.

China Mobile Company Profile

China Mobile Limited is engaged in the provision of telecommunications and related services. The Company offers certain Internet-related services, including mobile Internet, digital services, and certain applications and information services. The Company’s businesses primarily consist of voice business and data business.

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