China Mobile Ltd. (CHL) Shares Sold by GFS Advisors LLC

GFS Advisors LLC trimmed its position in China Mobile Ltd. (NYSE:CHL) by 1.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 145,328 shares of the Wireless communications provider’s stock after selling 2,550 shares during the quarter. China Mobile makes up 1.3% of GFS Advisors LLC’s holdings, making the stock its 25th largest position. GFS Advisors LLC’s holdings in China Mobile were worth $6,451,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Braun Bostich & Associates Inc. bought a new position in China Mobile in the 1st quarter valued at about $108,000. Toronto Dominion Bank raised its holdings in China Mobile by 95.4% in the 1st quarter. Toronto Dominion Bank now owns 3,047 shares of the Wireless communications provider’s stock valued at $140,000 after acquiring an additional 1,488 shares during the period. Congress Park Capital LLC bought a new position in China Mobile in the 2nd quarter valued at about $204,000. Miles Capital Inc. bought a new position in China Mobile in the 1st quarter valued at about $240,000. Finally, Wedbush Securities Inc. bought a new position in China Mobile in the 2nd quarter valued at about $299,000.

Several research firms have weighed in on CHL. Zacks Investment Research cut shares of China Mobile from a “buy” rating to a “hold” rating in a report on Tuesday. ValuEngine cut shares of China Mobile from a “buy” rating to a “hold” rating in a report on Wednesday, May 2nd. BNP Paribas cut shares of China Mobile from a “buy” rating to a “hold” rating in a report on Tuesday, July 31st. Finally, Mizuho cut shares of China Mobile from a “buy” rating to a “neutral” rating in a report on Thursday, June 7th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $51.00.

Shares of CHL opened at $45.15 on Thursday. China Mobile Ltd. has a 12 month low of $43.25 and a 12 month high of $56.65.

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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