San Francisco Sentry Investment Group CA Trims Holdings in China Mobile Ltd. (CHL)

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San Francisco Sentry Investment Group CA lowered its position in China Mobile Ltd. (NYSE:CHL) by 10.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,079 shares of the Wireless communications provider’s stock after selling 455 shares during the quarter. San Francisco Sentry Investment Group CA’s holdings in China Mobile were worth $196,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Allen Capital Group LLC raised its stake in shares of China Mobile by 11.1% during the fourth quarter. Allen Capital Group LLC now owns 28,489 shares of the Wireless communications provider’s stock worth $1,465,000 after purchasing an additional 2,851 shares during the last quarter. Advisor Partners LLC purchased a new stake in shares of China Mobile during the fourth quarter worth approximately $248,000. Parsec Financial Management Inc. purchased a new stake in shares of China Mobile during the fourth quarter worth approximately $7,994,000. Hikari Power Ltd raised its stake in shares of China Mobile by 62.1% during the fourth quarter. Hikari Power Ltd now owns 48,300 shares of the Wireless communications provider’s stock worth $2,318,000 after purchasing an additional 18,500 shares during the last quarter. Finally, Reilly Financial Advisors LLC raised its stake in shares of China Mobile by 4.6% during the fourth quarter. Reilly Financial Advisors LLC now owns 29,803 shares of the Wireless communications provider’s stock worth $1,431,000 after purchasing an additional 1,322 shares during the last quarter. Institutional investors own 2.09% of the company’s stock.

China Mobile stock traded down $0.18 during trading hours on Thursday, hitting $52.41. The stock had a trading volume of 2,373 shares, compared to its average volume of 1,349,871. The firm has a market capitalization of $213.89 billion, a price-to-earnings ratio of 12.69, a price-to-earnings-growth ratio of 3.05 and a beta of 0.62. China Mobile Ltd. has a 1-year low of $43.25 and a 1-year high of $52.97.

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

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About China Mobile

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.

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

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