M&T Bank Corp Grows Position in China Mobile (CHL)

M&T Bank Corp increased its position in shares of China Mobile (NYSE:CHL) by 69.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 43,693 shares of the Wireless communications provider’s stock after purchasing an additional 17,881 shares during the period. M&T Bank Corp’s holdings in China Mobile were worth $1,999,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. SevenBridge Financial Group LLC lifted its holdings in China Mobile by 229.4% during the 4th quarter. SevenBridge Financial Group LLC now owns 2,141 shares of the Wireless communications provider’s stock worth $108,000 after purchasing an additional 1,491 shares during the last quarter. SeaCrest Wealth Management LLC acquired a new stake in China Mobile during the 4th quarter worth approximately $122,000. San Francisco Sentry Investment Group CA lifted its holdings in China Mobile by 162.1% during the 4th quarter. San Francisco Sentry Investment Group CA now owns 2,524 shares of the Wireless communications provider’s stock worth $128,000 after purchasing an additional 1,561 shares during the last quarter. Icon Wealth Partners LLC acquired a new stake in China Mobile during the 4th quarter worth approximately $135,000. Finally, Bronfman E.L. Rothschild L.P. lifted its holdings in China Mobile by 484.1% during the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 3,522 shares of the Wireless communications provider’s stock worth $178,000 after purchasing an additional 2,919 shares during the last quarter. 1.94% of the stock is owned by institutional investors and hedge funds.

Several analysts recently weighed in on CHL shares. Zacks Investment Research raised China Mobile from a “hold” rating to a “buy” rating and set a $58.00 price target for the company in a report on Monday, January 22nd. HSBC raised China Mobile from a “hold” rating to a “buy” rating in a report on Monday, March 5th. Nomura cut China Mobile from a “buy” rating to a “neutral” rating in a report on Monday, March 12th. Finally, Jefferies Group raised China Mobile from an “underperform” rating to a “hold” rating in a report on Thursday, March 22nd. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $52.00.

NYSE:CHL opened at $46.93 on Thursday. China Mobile has a 1-year low of $46.74 and a 1-year high of $47.12.

The business also recently disclosed a special dividend, which will be paid on Monday, July 9th. Shareholders of record on Thursday, May 24th will be issued a $1.0082 dividend. The ex-dividend date is Wednesday, May 23rd. China Mobile’s dividend payout ratio is presently 39.95%.

China Mobile Profile

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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