Teacher Retirement System of Texas lessened its stake in shares of América Móvil, S.A.B. de C.V. (NYSE:AMX - Free Report) by 14.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 821,100 shares of the Wireless communications provider's stock after selling 135,300 shares during the quarter. Teacher Retirement System of Texas' holdings in América Móvil were worth $11,750,000 as of its most recent SEC filing.
Several other large investors have also recently made changes to their positions in the stock. Robeco Institutional Asset Management B.V. raised its position in América Móvil by 115.3% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,961,191 shares of the Wireless communications provider's stock valued at $28,065,000 after purchasing an additional 1,050,203 shares during the period. ABC Arbitrage SA acquired a new position in América Móvil during the 4th quarter worth about $14,238,000. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in América Móvil by 76.0% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 736,107 shares of the Wireless communications provider's stock valued at $12,043,000 after acquiring an additional 317,800 shares during the period. Rockefeller Capital Management L.P. grew its position in América Móvil by 8.7% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 559,236 shares of the Wireless communications provider's stock valued at $9,151,000 after acquiring an additional 44,631 shares in the last quarter. Finally, ABS Direct Equity Fund LLC increased its stake in América Móvil by 21.4% during the third quarter. ABS Direct Equity Fund LLC now owns 413,922 shares of the Wireless communications provider's stock worth $6,772,000 after purchasing an additional 73,022 shares during the period. 6.30% of the stock is currently owned by institutional investors and hedge funds.
América Móvil Stock Up 0.4 %
NYSE AMX traded up $0.06 on Wednesday, hitting $14.35. 2,604,360 shares of the stock were exchanged, compared to its average volume of 1,614,686. 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 company has a 50-day moving average price of $14.38 and a 200-day moving average price of $15.08. The company has a market cap of $43.75 billion, a PE ratio of 29.28, a PEG ratio of 0.77 and a beta of 0.95. América Móvil, S.A.B. de C.V. has a fifty-two week low of $13.63 and a fifty-two week high of $20.31.
América Móvil (NYSE:AMX - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The Wireless communications provider reported $0.15 earnings per share for the quarter, missing analysts' consensus estimates of $0.42 by ($0.27). América Móvil had a net margin of 3.25% and a return on equity of 6.38%. Sell-side analysts anticipate that América Móvil, S.A.B. de C.V. will post 1.51 EPS for the current fiscal year.
Analyst Ratings Changes
AMX has been the subject of a number of research reports. The Goldman Sachs Group dropped their price objective on shares of América Móvil from $17.60 to $17.30 and set a "buy" rating for the company in a report on Wednesday, February 19th. StockNews.com upgraded shares of América Móvil from a "buy" rating to a "strong-buy" rating in a research note on Saturday, March 15th. JPMorgan Chase & Co. cut their price objective on América Móvil from $17.00 to $15.00 and set an "underweight" rating on the stock in a research report on Thursday, January 16th. Finally, Scotiabank lowered their target price on América Móvil from $17.30 to $13.70 and set a "sector perform" rating for the company in a research note on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $17.15.
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About América Móvil
(
Free Report)
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.
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