América Móvil, S.A.B. de C.V. (NYSE:AMX) Shares Purchased by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D increased its holdings in shares of América Móvil, S.A.B. de C.V. (NYSE:AMX - Free Report) by 23.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 261,054 shares of the Wireless communications provider's stock after purchasing an additional 49,471 shares during the period. State of New Jersey Common Pension Fund D's holdings in América Móvil were worth $3,736,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. FMR LLC boosted its stake in shares of América Móvil by 125.6% during the third quarter. FMR LLC now owns 65,590 shares of the Wireless communications provider's stock worth $1,073,000 after buying an additional 36,520 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its stake in América Móvil by 55.7% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,872 shares of the Wireless communications provider's stock valued at $243,000 after acquiring an additional 6,033 shares during the last quarter. ABS Direct Equity Fund LLC lifted its position in América Móvil by 21.4% during the 3rd quarter. ABS Direct Equity Fund LLC now owns 413,922 shares of the Wireless communications provider's stock worth $6,772,000 after acquiring an additional 73,022 shares during the period. Blue Trust Inc. grew its stake in shares of América Móvil by 57.8% in the 4th quarter. Blue Trust Inc. now owns 5,535 shares of the Wireless communications provider's stock valued at $79,000 after purchasing an additional 2,028 shares during the last quarter. Finally, Empirical Asset Management LLC acquired a new position in shares of América Móvil in the fourth quarter valued at approximately $487,000. 6.30% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on AMX shares. StockNews.com raised América Móvil from a "buy" rating to a "strong-buy" rating in a report on Thursday, February 13th. JPMorgan Chase & Co. dropped their price target on América Móvil from $17.00 to $15.00 and set an "underweight" rating for the company in a research report on Thursday, January 16th. The Goldman Sachs Group cut their price target on América Móvil from $17.60 to $17.30 and set a "buy" rating for the company in a report on Wednesday. Finally, Scotiabank reduced their price objective on shares of América Móvil from $17.30 to $13.70 and set a "sector perform" rating on the stock in a research note on Thursday, February 13th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $17.15.

América Móvil Trading Down 1.2 %

Shares of AMX stock traded down $0.18 on Friday, reaching $14.62. 543,807 shares of the stock were exchanged, compared to its average volume of 1,625,209. The firm has a 50 day moving average of $14.32 and a two-hundred day moving average of $15.49. América Móvil, S.A.B. de C.V. has a 1-year low of $13.63 and a 1-year high of $20.31. The company has a quick ratio of 0.67, a current ratio of 0.72 and a debt-to-equity ratio of 0.90. The stock has a market cap of $44.87 billion, a P/E ratio of 29.79, a price-to-earnings-growth ratio of 0.72 and a beta of 0.93.

América Móvil (NYSE:AMX - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The Wireless communications provider reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.27). América Móvil had a return on equity of 6.38% and a net margin of 3.25%. On average, research analysts anticipate that América Móvil, S.A.B. de C.V. will post 1.6 EPS for the current year.

América Móvil Profile

América Móvil, SAB. de C.V. provides telecommunications services in Latin America and internationally. The company offers wireless and fixed voice services, including airtime, local, domestic, and international long-distance services; and network interconnection services. It provides data services, such as data centers, data administration, and hosting services to residential and corporate clients; value-added services, including Internet access, messaging and other wireless entertainment, and corporate services; data transmission, email services, instant messaging, content streaming, and interactive applications; and wireless security services, mobile payment solutions, machine-to-machine services, mobile banking, virtual private network services, and video calls and personal communications services.