Unison Advisors LLC grew its stake in China Mobile Ltd. (NYSE:CHL) by 1.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,523 shares of the Wireless communications provider’s stock after purchasing an additional 364 shares during the period. Unison Advisors LLC’s holdings in China Mobile were worth $1,129,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Cornerstone Advisors Inc. boosted its position in China Mobile by 121.2% in the 3rd quarter. Cornerstone Advisors Inc. now owns 637 shares of the Wireless communications provider’s stock worth $31,000 after purchasing an additional 349 shares in the last quarter. We Are One Seven LLC purchased a new position in shares of China Mobile during the 4th quarter valued at approximately $39,000. Legacy Financial Advisors Inc. lifted its position in shares of China Mobile by 50.2% during the 4th quarter. Legacy Financial Advisors Inc. now owns 892 shares of the Wireless communications provider’s stock valued at $43,000 after buying an additional 298 shares in the last quarter. Stelac Advisory Services LLC purchased a new position in shares of China Mobile during the 3rd quarter valued at approximately $139,000. Finally, Synovus Financial Corp lifted its position in shares of China Mobile by 61.2% during the 3rd quarter. Synovus Financial Corp now owns 2,938 shares of the Wireless communications provider’s stock valued at $144,000 after buying an additional 1,115 shares in the last quarter. Institutional investors and hedge funds own 2.09% of the company’s stock.

A number of research analysts have recently issued reports on CHL shares. Credit Suisse Group lowered China Mobile from an “outperform” rating to a “neutral” rating in a research report on Friday, October 26th. Zacks Investment Research lowered China Mobile from a “buy” rating to a “hold” rating in a research report on Tuesday, November 6th. Mizuho lowered China Mobile from a “neutral” rating to an “underperform” rating in a research report on Monday, November 19th. Nomura upgraded China Mobile from a “neutral” rating to a “buy” rating in a research report on Monday, January 7th. Finally, New Street Research lowered China Mobile from a “buy” rating to a “neutral” rating in a research report on Tuesday, January 22nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $58.00.

Shares of NYSE:CHL traded down $0.35 during midday trading on Monday, reaching $52.22. 8,579 shares of the company’s stock traded hands, compared to its average volume of 1,248,630. China Mobile Ltd. has a 1 year low of $43.25 and a 1 year high of $53.44. The firm has a market capitalization of $214.50 billion, a price-to-earnings ratio of 12.65, a price-to-earnings-growth ratio of 3.08 and a beta of 0.63.

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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.

Further Reading: Mutual Funds

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

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