Matthews International Capital Management LLC Reduces Position in China Mobile Ltd. (CHL)

Matthews International Capital Management LLC decreased its holdings in shares of China Mobile Ltd. (NYSE:CHL) by 1.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,548,551 shares of the Wireless communications provider’s stock after selling 52,280 shares during the period. China Mobile makes up about 10.9% of Matthews International Capital Management LLC’s holdings, making the stock its 3rd largest holding. Matthews International Capital Management LLC owned 0.11% of China Mobile worth $229,884,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. Pzena Investment Management LLC purchased a new stake in China Mobile during the fourth quarter valued at about $1,036,000. Arrowstreet Capital Limited Partnership raised its position in China Mobile by 35.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 771,347 shares of the Wireless communications provider’s stock valued at $38,984,000 after purchasing an additional 200,028 shares in the last quarter. Schroder Investment Management Group purchased a new stake in China Mobile during the fourth quarter valued at about $294,000. D.A. Davidson & CO. raised its position in China Mobile by 45.9% during the fourth quarter. D.A. Davidson & CO. now owns 11,105 shares of the Wireless communications provider’s stock valued at $561,000 after purchasing an additional 3,496 shares in the last quarter. Finally, Advisory Services Network LLC raised its position in China Mobile by 29.5% during the fourth quarter. Advisory Services Network LLC now owns 8,973 shares of the Wireless communications provider’s stock valued at $453,000 after purchasing an additional 2,043 shares in the last quarter. 1.93% of the stock is owned by institutional investors.

Shares of China Mobile Ltd. (NYSE CHL) opened at $47.48 on Wednesday. China Mobile Ltd. has a 12-month low of $46.83 and a 12-month high of $58.83.

A number of equities research analysts have weighed in on CHL shares. ValuEngine upgraded China Mobile from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Zacks Investment Research upgraded China Mobile from a “sell” rating to a “hold” rating in a research report on Tuesday, December 19th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $53.00.

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China Mobile Company 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.

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

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