China Mobile Ltd. (NYSE:CHL) Holdings Trimmed by Barry Investment Advisors LLC

Barry Investment Advisors LLC lowered its position in shares of China Mobile Ltd. (NYSE:CHL) by 3.0% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 101,378 shares of the Wireless communications provider’s stock after selling 3,153 shares during the quarter. China Mobile accounts for approximately 1.5% of Barry Investment Advisors LLC’s investment portfolio, making the stock its 24th largest position. Barry Investment Advisors LLC’s holdings in China Mobile were worth $4,197,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Pinnacle Bank lifted its holdings in shares of China Mobile by 106.5% during 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. Janney Montgomery Scott LLC lifted its holdings in shares of China Mobile by 2.5% during the third quarter. Janney Montgomery Scott LLC now owns 12,657 shares of the Wireless communications provider’s stock valued at $524,000 after purchasing an additional 314 shares during the last quarter. TD Asset Management Inc. lifted its holdings in shares of China Mobile by 6.7% during 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. Coastline Trust Co lifted its holdings in shares of China Mobile by 2.9% during the third quarter. Coastline Trust Co now owns 11,775 shares of the Wireless communications provider’s stock valued at $487,000 after purchasing an additional 335 shares during the last quarter. Finally, Reilly Financial Advisors LLC lifted its holdings in shares of China Mobile by 1.4% during the second quarter. Reilly Financial Advisors LLC now owns 29,053 shares of the Wireless communications provider’s stock valued at $1,316,000 after purchasing an additional 405 shares during the last quarter. 1.95% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts have recently commented on the company. ValuEngine downgraded China Mobile from a “hold” rating to a “sell” rating in a report on Tuesday. Zacks Investment Research downgraded China Mobile from a “hold” rating to a “sell” rating in a report on Monday, November 4th. JPMorgan Chase & Co. downgraded China Mobile from an “overweight” rating to a “neutral” rating in a report on Thursday, August 8th. Mizuho raised China Mobile from an “underperform” rating to a “neutral” rating in a report on Thursday, August 8th. Finally, Sanford C. Bernstein raised China Mobile from a “market perform” rating to an “outperform” rating in a report on Thursday, August 15th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $53.22.

Shares of China Mobile stock opened at $40.86 on Friday. The stock has a 50-day moving average price of $41.37 and a 200 day moving average price of $43.46. The company has a market cap of $167.98 billion, a P/E ratio of 9.82, a P/E/G ratio of 2.12 and a beta of 0.57. The company has a current ratio of 1.11, a quick ratio of 1.09 and a debt-to-equity ratio of 0.05. China Mobile Ltd. has a 1 year low of $39.77 and a 1 year high of $55.84.

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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