US Bancorp DE grew its position in China Mobile Ltd. (NYSE:CHL) by 8.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 33,763 shares of the Wireless communications provider’s stock after acquiring an additional 2,764 shares during the quarter. US Bancorp DE’s holdings in China Mobile were worth $1,652,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CHL. NumerixS Investment Technologies Inc acquired a new stake in shares of China Mobile in the second quarter valued at approximately $129,000. HighPoint Advisor Group LLC acquired a new stake in shares of China Mobile in the third quarter valued at $213,000. Congress Park Capital LLC acquired a new stake in shares of China Mobile in the second quarter valued at $204,000. XR Securities LLC acquired a new stake in shares of China Mobile in the third quarter valued at $225,000. Finally, Cozad Asset Management Inc. acquired a new stake in shares of China Mobile in the second quarter valued at $219,000. Institutional investors and hedge funds own 1.99% of the company’s stock.

A number of equities research analysts have recently weighed in on the company. Zacks Investment Research cut China Mobile from a “buy” rating to a “hold” rating in a research note on Tuesday, November 6th. Credit Suisse Group cut China Mobile from an “outperform” rating to a “neutral” rating in a research note on Friday, October 26th. BNP Paribas cut China Mobile from a “buy” rating to a “hold” rating in a research note on Tuesday, July 31st. Finally, ValuEngine raised China Mobile from a “sell” rating to a “hold” rating in a research note on Tuesday, October 2nd. Seven research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $56.00.

Shares of NYSE CHL opened at $49.36 on Monday. China Mobile Ltd. has a twelve month low of $43.25 and a twelve month high of $53.23. The firm has a market capitalization of $202.13 billion, a PE ratio of 11.95, a PEG ratio of 2.91 and a beta of 0.65.

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China Mobile Company 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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