China Mobile Ltd. (NYSE:CHL) Shares Sold by Hayek Kallen Investment Management

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Hayek Kallen Investment Management cut its holdings in China Mobile Ltd. (NYSE:CHL) by 3.7% in the 3rd quarter, HoldingsChannel reports. The fund owned 42,763 shares of the Wireless communications provider’s stock after selling 1,638 shares during the period. Hayek Kallen Investment Management’s holdings in China Mobile were worth $1,770,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of CHL. Pendal Group Ltd increased its position in China Mobile by 35.0% during the second quarter. Pendal Group Ltd now owns 1,392,605 shares of the Wireless communications provider’s stock worth $65,603,000 after acquiring an additional 361,120 shares during the period. Morgan Stanley lifted its position in shares of China Mobile by 47.4% during the second quarter. Morgan Stanley now owns 731,986 shares of the Wireless communications provider’s stock worth $33,153,000 after purchasing an additional 235,283 shares during the last quarter. Renaissance Technologies LLC lifted its position in shares of China Mobile by 3.6% during the second quarter. Renaissance Technologies LLC now owns 5,420,097 shares of the Wireless communications provider’s stock worth $245,476,000 after purchasing an additional 190,000 shares during the last quarter. OMERS ADMINISTRATION Corp lifted its position in shares of China Mobile by 249.3% during the second quarter. OMERS ADMINISTRATION Corp now owns 148,100 shares of the Wireless communications provider’s stock worth $6,798,000 after purchasing an additional 105,700 shares during the last quarter. Finally, Allianz Asset Management GmbH lifted its position in shares of China Mobile by 64.0% during the second quarter. Allianz Asset Management GmbH now owns 243,140 shares of the Wireless communications provider’s stock worth $11,011,000 after purchasing an additional 94,927 shares during the last quarter. Institutional investors own 1.95% of the company’s stock.

NYSE CHL traded down $0.10 during trading hours on Friday, reaching $40.86. The company’s stock had a trading volume of 827,970 shares, compared to its average volume of 863,471. The company has a current ratio of 1.11, a quick ratio of 1.09 and a debt-to-equity ratio of 0.05. The business has a 50-day simple moving average of $41.37 and a 200 day simple moving average of $43.46. China Mobile Ltd. has a 52 week low of $39.77 and a 52 week high of $55.84. The stock has a market cap of $167.98 billion, a PE ratio of 9.82, a PEG ratio of 2.12 and a beta of 0.57.

CHL has been the topic of several research analyst reports. Sanford C. Bernstein raised shares of China Mobile from a “market perform” rating to an “outperform” rating in a research report on Thursday, August 15th. Zacks Investment Research cut shares of China Mobile from a “hold” rating to a “sell” rating in a research report on Monday, November 4th. Mizuho raised shares of China Mobile from an “underperform” rating to a “neutral” rating in a report on Thursday, August 8th. ValuEngine cut shares of China Mobile from a “hold” rating to a “sell” rating in a report on Tuesday, November 5th. Finally, JPMorgan Chase & Co. cut shares of China Mobile from an “overweight” rating to a “neutral” rating in a report on Thursday, August 8th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $53.22.

China Mobile Company 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.

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Want to see what other hedge funds are holding CHL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for China Mobile Ltd. (NYSE:CHL).

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

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