Matthews International Capital Management LLC cut its holdings in China Mobile Ltd. (NYSE:CHL) by 0.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,349,251 shares of the Wireless communications provider’s stock after selling 1,400 shares during the period. China Mobile makes up 11.0% of Matthews International Capital Management LLC’s investment portfolio, making the stock its 4th biggest holding. Matthews International Capital Management LLC’s holdings in China Mobile were worth $242,268,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of CHL. OLD Second National Bank of Aurora bought a new stake in China Mobile in the first quarter worth $25,000. Pinnacle Bank boosted its holdings in China Mobile by 106.5% in the second quarter. Pinnacle Bank now owns 568 shares of the Wireless communications provider’s stock worth $26,000 after purchasing an additional 293 shares in the last quarter. Financial Gravity Wealth Inc. bought a new stake in China Mobile in the first quarter worth $28,000. FNY Investment Advisers LLC bought a new stake in China Mobile in the second quarter worth $29,000. Finally, Lindbrook Capital LLC boosted its holdings in China Mobile by 48.6% in the first quarter. Lindbrook Capital LLC now owns 850 shares of the Wireless communications provider’s stock worth $43,000 after purchasing an additional 278 shares in the last quarter. Hedge funds and other institutional investors own 2.06% of the company’s stock.

A number of research analysts have weighed in on CHL shares. JPMorgan Chase & Co. lowered shares of China Mobile from an “overweight” rating to a “neutral” rating in a research report on Thursday, August 8th. ValuEngine lowered shares of China Mobile from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Credit Suisse Group raised shares of China Mobile from a “neutral” rating to an “outperform” rating and set a $46.65 target price for the company in a research report on Wednesday, May 8th. Sanford C. Bernstein raised shares of China Mobile from a “market perform” rating to an “outperform” rating in a research report on Thursday, August 15th. Finally, Mizuho raised shares of China Mobile from an “underperform” rating to a “neutral” rating in a research report on Thursday, August 8th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the stock. China Mobile currently has a consensus rating of “Hold” and an average target price of $53.22.

China Mobile stock traded down $0.52 on Thursday, reaching $42.05. 19,990 shares of the stock were exchanged, compared to its average volume of 915,687. The stock has a market cap of $173.39 billion, a PE ratio of 10.11, a PEG ratio of 2.17 and a beta of 0.65. 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 twelve month low of $39.77 and a twelve month high of $55.84. The firm has a fifty day moving average price of $43.21 and a two-hundred day moving average price of $47.52.

China Mobile 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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