GAM Holding AG Has $19.24 Million Stock Holdings in China Mobile Ltd. (NYSE:CHL)

GAM Holding AG decreased its holdings in China Mobile Ltd. (NYSE:CHL) by 29.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 377,382 shares of the Wireless communications provider’s stock after selling 154,543 shares during the period. China Mobile comprises 0.8% of GAM Holding AG’s portfolio, making the stock its 16th largest holding. GAM Holding AG’s holdings in China Mobile were worth $19,243,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of CHL. Rockefeller Capital Management L.P. boosted its position in China Mobile by 1.4% during the first quarter. Rockefeller Capital Management L.P. now owns 18,723 shares of the Wireless communications provider’s stock worth $955,000 after purchasing an additional 257 shares during the period. Lindbrook Capital LLC raised its stake in shares of China Mobile by 48.6% in the first quarter. Lindbrook Capital LLC now owns 850 shares of the Wireless communications provider’s stock valued at $43,000 after purchasing an additional 278 shares in the last quarter. Cornerstone Advisors Inc. raised its stake in shares of China Mobile by 43.6% in the first quarter. Cornerstone Advisors Inc. now owns 975 shares of the Wireless communications provider’s stock valued at $50,000 after purchasing an additional 296 shares in the last quarter. MML Investors Services LLC raised its stake in shares of China Mobile by 2.7% in the fourth quarter. MML Investors Services LLC now owns 11,948 shares of the Wireless communications provider’s stock valued at $573,000 after purchasing an additional 309 shares in the last quarter. Finally, Unison Advisors LLC raised its stake in shares of China Mobile by 1.6% in the fourth quarter. Unison Advisors LLC now owns 23,523 shares of the Wireless communications provider’s stock valued at $1,129,000 after purchasing an additional 364 shares in the last quarter. Institutional investors own 2.10% of the company’s stock.

A number of brokerages recently commented on CHL. Zacks Investment Research lowered China Mobile from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 1st. Jefferies Financial Group upgraded China Mobile from a “hold” rating to a “buy” rating in a research note on Monday, March 11th. Credit Suisse Group upgraded China Mobile from a “neutral” rating to an “outperform” rating and set a $46.65 price objective for the company in a research note on Wednesday, May 8th. HSBC lowered China Mobile from a “buy” rating to a “hold” rating in a research note on Thursday, March 21st. Finally, Citigroup reiterated a “buy” rating on shares of China Mobile in a research note on Friday, March 22nd. Two analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company’s stock. China Mobile currently has a consensus rating of “Hold” and an average price target of $53.22.

Shares of CHL stock traded up $0.20 during trading hours on Wednesday, hitting $44.95. 477,928 shares of the company’s stock were exchanged, compared to its average volume of 940,500. The company has a 50-day moving average price of $45.14. The firm has a market cap of $184.31 billion, a PE ratio of 10.81, a price-to-earnings-growth ratio of 2.51 and a beta of 0.61. China Mobile Ltd. has a 52 week low of $43.25 and a 52 week high of $55.84.

China Mobile 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.

Read More: Convertible Shares

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

Receive News & Ratings for China Mobile Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for China Mobile and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply