China Mobile Ltd. (CHL) Stake Boosted by Stifel Financial Corp

Stifel Financial Corp grew its position in shares of China Mobile Ltd. (NYSE:CHL) by 10.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 38,120 shares of the Wireless communications provider’s stock after acquiring an additional 3,635 shares during the period. Stifel Financial Corp’s holdings in China Mobile were worth $1,928,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. First Allied Advisory Services Inc. raised its stake in China Mobile by 0.5% in the second quarter. First Allied Advisory Services Inc. now owns 4,289 shares of the Wireless communications provider’s stock worth $227,000 after buying an additional 23 shares in the last quarter. National Asset Management Inc. raised its stake in China Mobile by 2.5% in the second quarter. National Asset Management Inc. now owns 4,016 shares of the Wireless communications provider’s stock worth $215,000 after buying an additional 99 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its stake in China Mobile by 0.5% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 22,978 shares of the Wireless communications provider’s stock worth $1,220,000 after buying an additional 110 shares in the last quarter. MML Investors Services LLC raised its stake in China Mobile by 8.7% in the second quarter. MML Investors Services LLC now owns 4,529 shares of the Wireless communications provider’s stock worth $240,000 after buying an additional 363 shares in the last quarter. Finally, Rikoon Group LLC raised its stake in China Mobile by 1.1% in the second quarter. Rikoon Group LLC now owns 34,765 shares of the Wireless communications provider’s stock worth $1,873,000 after buying an additional 370 shares in the last quarter. 2.00% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts recently issued reports on CHL shares. Zacks Investment Research downgraded shares of China Mobile from a “buy” rating to a “hold” rating in a research note on Monday, October 23rd. Bank of America started coverage on shares of China Mobile in a research note on Wednesday, August 30th. They issued a “buy” rating for the company. Finally, ValuEngine raised shares of China Mobile from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $57.00.

China Mobile Ltd. (CHL) opened at $49.76 on Friday. China Mobile Ltd. has a one year low of $48.70 and a one year high of $58.83.

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China Mobile Profile

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.

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

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