China Mobile Ltd. (NYSE:CHL) Shares Purchased by Strategic Advisors LLC

Strategic Advisors LLC boosted its position in China Mobile Ltd. (NYSE:CHL) by 5.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,584 shares of the Wireless communications provider’s stock after buying an additional 424 shares during the quarter. Strategic Advisors LLC’s holdings in China Mobile were worth $343,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. FinTrust Capital Advisors LLC raised its stake in shares of China Mobile by 303.9% in the 1st quarter. FinTrust Capital Advisors LLC now owns 1,555 shares of the Wireless communications provider’s stock valued at $80,000 after purchasing an additional 1,170 shares in the last quarter. Ellis Investment Partners LLC acquired a new stake in shares of China Mobile in the 1st quarter valued at about $907,000. Cornerstone Advisors Inc. raised its stake in shares of China Mobile by 43.6% in the 1st 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 in the last quarter. Eqis Capital Management Inc. raised its stake in shares of China Mobile by 192.9% in the 1st quarter. Eqis Capital Management Inc. now owns 15,314 shares of the Wireless communications provider’s stock valued at $781,000 after purchasing an additional 10,086 shares in the last quarter. Finally, CWM LLC raised its stake in shares of China Mobile by 129.3% in the 1st quarter. CWM LLC now owns 58,668 shares of the Wireless communications provider’s stock valued at $2,991,000 after purchasing an additional 33,085 shares in the last quarter. Hedge funds and other institutional investors own 2.09% of the company’s stock.

A number of brokerages have recently issued reports on CHL. ValuEngine lowered shares of China Mobile from a “hold” rating to a “sell” rating in a research note on Thursday. Credit Suisse Group upgraded shares of China Mobile from a “neutral” rating to an “outperform” rating and set a $46.65 target price on the stock in a research note on Wednesday, May 8th. Zacks Investment Research upgraded shares of China Mobile from a “sell” rating to a “hold” rating in a research note on Tuesday, July 9th. Finally, Goldman Sachs Group lowered shares of China Mobile from a “buy” rating to a “neutral” rating and cut their target price for the company from $64.00 to $55.00 in a research note on Monday, April 15th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. China Mobile currently has an average rating of “Hold” and an average price target of $53.22.

CHL traded down $0.46 on Friday, hitting $41.53. 8,450 shares of the company’s stock were exchanged, compared to its average volume of 560,691. The firm has a market capitalization of $171.95 billion, a price-to-earnings ratio of 9.99, a PEG ratio of 2.39 and a beta of 0.61. China Mobile Ltd. has a twelve month low of $41.91 and a twelve month high of $55.84. The company’s fifty day simple moving average is $44.60.

About China Mobile

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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