Hayek Kallen Investment Management Lowers Stock Position in China Mobile Ltd. (NYSE:CHL)

Hayek Kallen Investment Management reduced its stake in shares of China Mobile Ltd. (NYSE:CHL) by 3.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 42,763 shares of the Wireless communications provider’s stock after selling 1,638 shares during the period. Hayek Kallen Investment Management’s holdings in China Mobile were worth $1,770,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of CHL. SG Americas Securities LLC lifted its holdings in shares of China Mobile by 37.4% in the 3rd quarter. SG Americas Securities LLC now owns 26,055 shares of the Wireless communications provider’s stock worth $1,079,000 after buying an additional 7,092 shares during the period. First Trust Advisors LP boosted its position in China Mobile by 11.3% during the third quarter. First Trust Advisors LP now owns 513,836 shares of the Wireless communications provider’s stock worth $21,273,000 after purchasing an additional 52,288 shares in the last quarter. Keybank National Association OH boosted its position in China Mobile by 4.1% during the third quarter. Keybank National Association OH now owns 37,375 shares of the Wireless communications provider’s stock worth $1,547,000 after purchasing an additional 1,463 shares in the last quarter. Lester Murray Antman dba SimplyRich boosted its position in China Mobile by 32.7% during the third quarter. Lester Murray Antman dba SimplyRich now owns 14,348 shares of the Wireless communications provider’s stock worth $585,000 after purchasing an additional 3,537 shares in the last quarter. Finally, Gabelli Funds LLC boosted its position in China Mobile by 2.5% during the third quarter. Gabelli Funds LLC now owns 83,500 shares of the Wireless communications provider’s stock worth $3,457,000 after purchasing an additional 2,000 shares in the last quarter. 1.95% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts have issued reports on CHL shares. Sanford C. Bernstein upgraded China Mobile from a “market perform” rating to an “outperform” rating in a research report on Thursday, August 15th. JPMorgan Chase & Co. downgraded China Mobile from an “overweight” rating to a “neutral” rating in a research report on Thursday, August 8th. Zacks Investment Research downgraded China Mobile from a “hold” rating to a “sell” rating in a research report on Monday, November 4th. ValuEngine downgraded China Mobile from a “hold” rating to a “sell” rating in a research report on Tuesday, November 5th. Finally, Mizuho upgraded China Mobile from an “underperform” rating to a “neutral” rating in a research report on Thursday, August 8th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company’s stock. China Mobile currently has an average rating of “Hold” and a consensus price target of $53.22.

Shares of NYSE CHL traded down $0.10 during midday trading on Friday, hitting $40.86. The stock had a trading volume of 827,970 shares, compared to its average volume of 863,471. The company has a market capitalization of $167.98 billion, a PE ratio of 9.82, a P/E/G ratio of 2.12 and a beta of 0.57. The stock has a 50 day simple moving average of $41.37 and a 200-day simple moving average of $43.46. China Mobile Ltd. has a 1 year low of $39.77 and a 1 year high of $55.84. The company has a quick ratio of 1.09, a current ratio of 1.11 and a debt-to-equity ratio of 0.05.

China Mobile Company 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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