Pendal Group Ltd Acquires 45,255 Shares of China Mobile Ltd. (CHL)

Pendal Group Ltd lifted its holdings in shares of China Mobile Ltd. (NYSE:CHL) by 3.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,564,010 shares of the Wireless communications provider’s stock after buying an additional 45,255 shares during the quarter. Pendal Group Ltd’s holdings in China Mobile were worth $76,527,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the stock. Dimensional Fund Advisors LP lifted its stake in shares of China Mobile by 1.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,881,828 shares of the Wireless communications provider’s stock valued at $216,759,000 after buying an additional 91,328 shares in the last quarter. Renaissance Technologies LLC increased its holdings in China Mobile by 11.7% during 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 during the period. BlackRock Inc. increased its holdings in China Mobile by 399.4% during the 2nd quarter. BlackRock Inc. now owns 3,607,415 shares of the Wireless communications provider’s stock worth $160,133,000 after acquiring an additional 2,885,043 shares during the period. Macquarie Group Ltd. increased its holdings in China Mobile by 0.8% during 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 during the period. Finally, Northern Trust Corp increased its holdings in China Mobile by 6.7% during the 2nd quarter. Northern Trust Corp now owns 3,182,679 shares of the Wireless communications provider’s stock worth $141,280,000 after acquiring an additional 200,574 shares during the period. Institutional investors own 1.99% of the company’s stock.

China Mobile stock opened at $46.55 on Tuesday. The company has a market cap of $190.14 billion, a P/E ratio of 11.27, a PEG ratio of 2.72 and a beta of 0.65. China Mobile Ltd. has a 1-year low of $43.25 and a 1-year high of $53.23.

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

A number of research firms recently weighed in on CHL. Credit Suisse Group lowered shares of China Mobile from an “outperform” rating to a “neutral” rating in a report on Friday, October 26th. ValuEngine raised shares of China Mobile from a “sell” rating to a “hold” rating in a report on Tuesday, October 2nd. Zacks Investment Research raised shares of China Mobile from a “hold” rating to a “buy” rating and set a $56.00 target price on the stock in a report on Tuesday, October 9th. Finally, BNP Paribas lowered shares of China Mobile from a “buy” rating to a “hold” rating in a report on Tuesday, July 31st. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $56.00.

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About China Mobile

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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