Natixis Advisors LLC Sells 42,759 Shares of América Móvil, S.A.B. de C.V. (NYSE:AMX)

Natixis Advisors LLC decreased its holdings in shares of América Móvil, S.A.B. de C.V. (NYSE:AMX) by 32.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 87,742 shares of the Wireless communications provider’s stock after selling 42,759 shares during the quarter. Natixis Advisors LLC’s holdings in América Móvil were worth $1,256,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Citigroup Inc. increased its holdings in América Móvil by 32.5% in the third quarter. Citigroup Inc. now owns 221,008 shares of the Wireless communications provider’s stock valued at $3,616,000 after purchasing an additional 54,245 shares during the last quarter. FMR LLC grew its position in shares of América Móvil by 125.6% during the 3rd 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. FORA Capital LLC bought a new stake in shares of América Móvil in the 3rd quarter valued at about $519,000. Hantz Financial Services Inc. raised its position in shares of América Móvil by 3.0% in the 3rd quarter. Hantz Financial Services Inc. now owns 73,650 shares of the Wireless communications provider’s stock valued at $1,205,000 after acquiring an additional 2,177 shares during the period. Finally, Rockefeller Capital Management L.P. boosted its stake in América Móvil by 8.7% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 559,236 shares of the Wireless communications provider’s stock worth $9,151,000 after acquiring an additional 44,631 shares during the last quarter. Institutional investors and hedge funds own 6.30% of the company’s stock.

América Móvil Trading Up 0.7 %

AMX opened at $14.28 on Wednesday. The stock has a market capitalization of $43.55 billion, a P/E ratio of 29.14, a P/E/G ratio of 0.77 and a beta of 0.95. The company has a current ratio of 0.72, a quick ratio of 0.67 and a debt-to-equity ratio of 0.90. América Móvil, S.A.B. de C.V. has a 12 month low of $13.63 and a 12 month high of $20.31. The firm’s fifty day simple moving average is $14.38 and its 200 day simple moving average is $15.08.

América Móvil (NYSE:AMX) last posted its quarterly earnings data on Wednesday, February 12th. The Wireless communications provider reported $0.15 earnings per share 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%. As a group, research analysts anticipate that América Móvil, S.A.B. de C.V. will post 1.51 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on AMX. The Goldman Sachs Group cut their target price 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. JPMorgan Chase & Co. dropped their price objective on América Móvil from $17.00 to $15.00 and set an “underweight” rating on the stock in a research note on Thursday, January 16th. Scotiabank decreased 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. Finally, StockNews.com raised América Móvil from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 15th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $17.15.

About América Móvil

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.