América Móvil, S.A.B. de C.V. (NYSE:AMX) Shares Sold by Blue Trust Inc.

Blue Trust Inc. decreased its stake in shares of América Móvil, S.A.B. de C.V. (NYSE:AMX) by 27.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,544 shares of the Wireless communications provider’s stock after selling 963 shares during the period. Blue Trust Inc.’s holdings in América Móvil were worth $36,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in AMX. Robeco Institutional Asset Management B.V. lifted its holdings in América Móvil by 115.3% in the 4th 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 in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of América Móvil by 76.0% in the third 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 buying an additional 317,800 shares during the last quarter. Rockefeller Capital Management L.P. lifted its stake in shares of América Móvil by 8.7% during the third quarter. Rockefeller Capital Management L.P. now owns 559,236 shares of the Wireless communications provider’s stock valued at $9,151,000 after buying an additional 44,631 shares during the period. ABS Direct Equity Fund LLC boosted its position 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 acquiring an additional 73,022 shares during the last quarter. Finally, Citigroup Inc. boosted its position in América Móvil by 32.5% during the third quarter. Citigroup Inc. now owns 221,008 shares of the Wireless communications provider’s stock worth $3,616,000 after acquiring an additional 54,245 shares during the last quarter. 6.30% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently commented on AMX. StockNews.com downgraded shares of América Móvil from a “strong-buy” rating to a “buy” rating in a research note on Wednesday. JPMorgan Chase & Co. dropped their price target on shares of 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 decreased their price target on shares of América Móvil from $17.60 to $17.30 and set a “buy” rating on the stock in a report on Wednesday, February 19th. Finally, Scotiabank dropped their price objective on América Móvil from $17.30 to $13.70 and set a “sector perform” rating for the company in a report on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, América Móvil currently has an average rating of “Hold” and a consensus price target of $17.15.

América Móvil Stock Performance

América Móvil stock opened at $14.42 on Friday. América Móvil, S.A.B. de C.V. has a 52 week low of $13.63 and a 52 week high of $20.31. The company has a current ratio of 0.72, a quick ratio of 0.67 and a debt-to-equity ratio of 0.90. The stock has a market cap of $44.25 billion, a P/E ratio of 29.42, a price-to-earnings-growth ratio of 0.77 and a beta of 0.94. The stock has a 50 day moving average of $14.31 and a 200-day moving average of $15.41.

América Móvil (NYSE:AMX) last issued its quarterly earnings results on Wednesday, February 12th. The Wireless communications provider reported $0.15 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, analysts expect that América Móvil, S.A.B. de C.V. will post 1.51 EPS for the current fiscal 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.