China Mobile Ltd. (CHL) Shares Bought by Allianz Asset Management GmbH

Allianz Asset Management GmbH grew its position in China Mobile Ltd. (NYSE:CHL) by 5.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 266,766 shares of the Wireless communications provider’s stock after buying an additional 12,728 shares during the period. Allianz Asset Management GmbH’s holdings in China Mobile were worth $13,490,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in CHL. Vanguard Group Inc. grew its holdings in shares of China Mobile by 26.4% in the 1st quarter. Vanguard Group Inc. now owns 139,011 shares of the Wireless communications provider’s stock valued at $7,677,000 after buying an additional 29,022 shares during the period. TD Asset Management Inc. lifted its position in China Mobile by 31.7% in the 2nd quarter. TD Asset Management Inc. now owns 33,246 shares of the Wireless communications provider’s stock valued at $1,765,000 after acquiring an additional 7,996 shares in the last quarter. Boston Partners lifted its position in China Mobile by 702.2% in the 2nd quarter. Boston Partners now owns 47,274 shares of the Wireless communications provider’s stock valued at $2,510,000 after acquiring an additional 41,381 shares in the last quarter. First Trust Advisors LP lifted its position in China Mobile by 35.5% in the 2nd quarter. First Trust Advisors LP now owns 191,085 shares of the Wireless communications provider’s stock valued at $10,145,000 after acquiring an additional 50,033 shares in the last quarter. Finally, BNP Paribas Arbitrage SA lifted its position in China Mobile by 104.8% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 22,987 shares of the Wireless communications provider’s stock valued at $1,220,000 after acquiring an additional 11,762 shares in the last quarter. 2.01% of the stock is owned by institutional investors.

Several equities research analysts recently commented on CHL shares. Zacks Investment Research raised shares of China Mobile from a “hold” rating to a “buy” rating and set a $62.00 price objective on the stock in a research report on Friday, August 18th. Bank of America started coverage on shares of China Mobile in a research report on Wednesday, August 30th. They issued a “buy” rating on the stock. Finally, ValuEngine raised shares of China Mobile from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. One analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $57.00.

Shares of China Mobile Ltd. (NYSE CHL) opened at $49.08 on Friday. China Mobile Ltd. has a 52-week low of $48.70 and a 52-week high of $58.83.

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China Mobile Company Profile

China Mobile Limited is an investment holding company principally engaged in telecommunication and related businesses. Its main businesses include Mobile businesses, Wireline Broadband businesses and Internet of Things (IoT) businesses. Mobile businesses include two categories of services. Voice services include local calls, domestic and international long distance calls, roaming services and voice value-added services.

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

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