Mawer Investment Management Ltd. trimmed its stake in China Mobile Ltd. (NYSE:CHL) by 30.0% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 67,034 shares of the Wireless communications provider’s stock after selling 28,722 shares during the period. Mawer Investment Management Ltd.’s holdings in China Mobile were worth $2,976,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Wells Fargo & Company MN raised its stake in shares of China Mobile by 35.0% during the 1st quarter. Wells Fargo & Company MN now owns 526,783 shares of the Wireless communications provider’s stock worth $24,100,000 after acquiring an additional 136,637 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. increased its stake in China Mobile by 118.2% during the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 31,381 shares of the Wireless communications provider’s stock valued at $1,436,000 after purchasing an additional 17,000 shares in the last quarter. Augustine Asset Management Inc. increased its stake in China Mobile by 146.7% during the 1st quarter. Augustine Asset Management Inc. now owns 21,063 shares of the Wireless communications provider’s stock valued at $963,000 after purchasing an additional 12,525 shares in the last quarter. Comerica Bank increased its stake in China Mobile by 1.3% during the 1st quarter. Comerica Bank now owns 225,121 shares of the Wireless communications provider’s stock valued at $10,453,000 after purchasing an additional 2,993 shares in the last quarter. Finally, Pekin Singer Strauss Asset Management IL increased its stake in China Mobile by 17.8% during the 1st quarter. Pekin Singer Strauss Asset Management IL now owns 349,508 shares of the Wireless communications provider’s stock valued at $15,990,000 after purchasing an additional 52,753 shares in the last quarter.

Shares of China Mobile stock opened at $47.70 on Tuesday. China Mobile Ltd. has a 12-month low of $43.25 and a 12-month high of $56.65.

A number of brokerages have issued reports on CHL. Zacks Investment Research lowered shares of China Mobile from a “hold” rating to a “sell” rating in a research note on Tuesday, June 19th. ValuEngine lowered shares of China Mobile from a “buy” rating to a “hold” rating in a research note on Wednesday, May 2nd. Mizuho lowered shares of China Mobile from a “buy” rating to a “neutral” rating in a research note on Thursday, June 7th. Finally, BNP Paribas lowered shares of China Mobile from a “buy” rating to a “hold” rating in a research note on Tuesday, July 31st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $51.00.

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.

Read More: Stock Symbols and CUSIP Explained

Institutional Ownership by Quarter for China Mobile (NYSE:CHL)

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