China Mobile Ltd. (CHL) Stake Increased by Unison Advisors LLC

Unison Advisors LLC grew its stake in shares of China Mobile Ltd. (NYSE:CHL) by 1.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,523 shares of the Wireless communications provider’s stock after purchasing an additional 364 shares during the quarter. Unison Advisors LLC’s holdings in China Mobile were worth $1,129,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of CHL. Aperio Group LLC boosted its stake in shares of China Mobile by 15.0% during the third quarter. Aperio Group LLC now owns 1,581,980 shares of the Wireless communications provider’s stock valued at $77,406,000 after purchasing an additional 206,387 shares during the period. Reilly Financial Advisors LLC boosted its stake in shares of China Mobile by 4.4% during the third quarter. Reilly Financial Advisors LLC now owns 28,481 shares of the Wireless communications provider’s stock valued at $1,394,000 after purchasing an additional 1,210 shares during the period. Barry Investment Advisors LLC lifted its stake in China Mobile by 1.2% in the third quarter. Barry Investment Advisors LLC now owns 105,526 shares of the Wireless communications provider’s stock worth $5,163,000 after acquiring an additional 1,240 shares during the period. Allen Capital Group LLC lifted its stake in China Mobile by 289.6% in the third quarter. Allen Capital Group LLC now owns 25,638 shares of the Wireless communications provider’s stock worth $1,254,000 after acquiring an additional 19,058 shares during the period. Finally, HighPoint Advisor Group LLC purchased a new stake in China Mobile in the third quarter worth about $213,000. 2.09% of the stock is owned by hedge funds and other institutional investors.

Shares of CHL traded down $0.35 during mid-day trading on Monday, hitting $52.22. 8,579 shares of the company traded hands, compared to its average volume of 1,248,630. China Mobile Ltd. has a 1-year low of $43.25 and a 1-year high of $53.44. The company has a market cap of $214.50 billion, a P/E ratio of 12.65, a price-to-earnings-growth ratio of 3.08 and a beta of 0.63.

A number of research firms recently weighed in on CHL. Zacks Investment Research raised shares of China Mobile from a “hold” rating to a “buy” rating and set a $58.00 price objective for the company in a research note on Thursday, January 24th. New Street Research lowered shares of China Mobile from a “buy” rating to a “neutral” rating in a research note on Tuesday, January 22nd. Nomura raised shares of China Mobile from a “neutral” rating to a “buy” rating in a research note on Monday, January 7th. Mizuho lowered shares of China Mobile from a “neutral” rating to an “underperform” rating in a research note on Monday, November 19th. Finally, Credit Suisse Group lowered shares of China Mobile from an “outperform” rating to a “neutral” rating in a research note on Friday, October 26th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $58.00.

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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.

Further Reading: What is the quiet period?

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

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