Coastline Trust Co cut its position in China Mobile Ltd. (NYSE:CHL) by 31.0% in the 4th quarter, Holdings Channel reports. The firm owned 8,090 shares of the Wireless communications provider’s stock after selling 3,630 shares during the period. Coastline Trust Co’s holdings in China Mobile were worth $409,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. BB&T Corp raised its position in China Mobile by 2.4% in the third quarter. BB&T Corp now owns 88,959 shares of the Wireless communications provider’s stock valued at $4,498,000 after purchasing an additional 2,124 shares during the last quarter. Oppenheimer Asset Management Inc. raised its position in China Mobile by 8.0% in the third quarter. Oppenheimer Asset Management Inc. now owns 101,782 shares of the Wireless communications provider’s stock valued at $5,148,000 after purchasing an additional 7,547 shares during the last quarter. TD Asset Management Inc. raised its position in China Mobile by 6.8% in the third quarter. TD Asset Management Inc. now owns 35,516 shares of the Wireless communications provider’s stock valued at $1,796,000 after purchasing an additional 2,270 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its position in China Mobile by 20.7% in the second quarter. Arrowstreet Capital Limited Partnership now owns 3,063,227 shares of the Wireless communications provider’s stock valued at $162,627,000 after purchasing an additional 525,370 shares during the last quarter. Finally, Wells Fargo & Company MN raised its position in China Mobile by 12.7% in the third quarter. Wells Fargo & Company MN now owns 775,514 shares of the Wireless communications provider’s stock valued at $39,218,000 after purchasing an additional 87,354 shares during the last quarter. Hedge funds and other institutional investors own 2.00% of the company’s stock.

China Mobile Ltd. (NYSE:CHL) opened at $52.15 on Friday. China Mobile Ltd. has a 1 year low of $48.70 and a 1 year high of $58.83.

Several research firms have commented on CHL. Zacks Investment Research upgraded China Mobile from a “hold” rating to a “buy” rating and set a $57.00 target price for the company in a research report on Monday, September 25th. ValuEngine upgraded China Mobile from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $57.00.

ILLEGAL ACTIVITY WARNING: This news story was originally published by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are reading this news story on another domain, it was copied illegally and reposted in violation of U.S. & international copyright & trademark legislation. The legal version of this news story can be read at https://theolympiareport.com/2018/01/19/coastline-trust-co-reduces-holdings-in-china-mobile-ltd-chl.html.

About China Mobile

China Mobile Limited is an investment holding company principally engaged in telecommunication and related businesses. Its main businesses include Mobile businesses, Wireline Broadband businesses and Internet of Things (IoT) businesses. Mobile businesses include two categories of services. Voice services include local calls, domestic and international long distance calls, roaming services and voice value-added services.

Want to see what other hedge funds are holding CHL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for China Mobile Ltd. (NYSE:CHL).

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

Receive News & Ratings for China Mobile Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for China Mobile and related companies with MarketBeat.com's FREE daily email newsletter.