Wedbush Securities Inc. Has $293,000 Position in China Mobile Ltd. (NYSE:CHL)

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Wedbush Securities Inc. reduced its holdings in shares of China Mobile Ltd. (NYSE:CHL) by 7.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,464 shares of the Wireless communications provider’s stock after selling 540 shares during the period. Wedbush Securities Inc.’s holdings in China Mobile were worth $293,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the business. Dimensional Fund Advisors LP raised its stake in shares of China Mobile by 1.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,283,152 shares of the Wireless communications provider’s stock worth $253,541,000 after purchasing an additional 60,251 shares in the last quarter. FMR LLC increased its holdings in shares of China Mobile by 51.9% during the 4th quarter. FMR LLC now owns 143,068 shares of the Wireless communications provider’s stock valued at $6,867,000 after acquiring an additional 48,880 shares during the last quarter. Mercer Global Advisors Inc. ADV acquired a new position in shares of China Mobile during the 1st quarter valued at about $342,000. Eqis Capital Management Inc. increased its holdings in shares of China Mobile by 192.9% during the 1st quarter. Eqis Capital Management Inc. now owns 15,314 shares of the Wireless communications provider’s stock valued at $781,000 after acquiring an additional 10,086 shares during the last quarter. Finally, Financial Gravity Wealth Inc. acquired a new position in shares of China Mobile during the 1st quarter valued at about $28,000. Hedge funds and other institutional investors own 2.09% of the company’s stock.

Shares of NYSE CHL traded up $0.20 during mid-day trading on Friday, reaching $42.00. 882,800 shares of the company traded hands, compared to its average volume of 929,076. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.11 and a current ratio of 1.11. The stock has a market cap of $171.18 billion, a PE ratio of 10.10, a price-to-earnings-growth ratio of 2.15 and a beta of 0.65. The company’s fifty day moving average is $43.53 and its two-hundred day moving average is $47.71. China Mobile Ltd. has a fifty-two week low of $39.77 and a fifty-two week high of $55.84.

A number of research analysts have recently commented on the company. Mizuho raised China Mobile from an “underperform” rating to a “neutral” rating in a report on Thursday, August 8th. Sanford C. Bernstein raised China Mobile from a “market perform” rating to an “outperform” rating in a report on Thursday. Credit Suisse Group raised China Mobile from a “neutral” rating to an “outperform” rating and set a $46.65 price objective on the stock in a report on Wednesday, May 8th. ValuEngine lowered China Mobile from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. Finally, JPMorgan Chase & Co. lowered China Mobile from an “overweight” rating to a “neutral” rating in a report on Thursday, August 8th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued 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.

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: How are Outstanding Shares Different from Authorized Shares?

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

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