Bank of New York Mellon Corp Lowers Stock Holdings in América Móvil, S.A.B. de C.V. (NYSE:AMX)

Bank of New York Mellon Corp reduced its stake in América Móvil, S.A.B. de C.V. (NYSE:AMX) by 34.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,390 shares of the Wireless communications provider’s stock after selling 24,291 shares during the period. Bank of New York Mellon Corp’s holdings in América Móvil were worth $664,000 at the end of the most recent reporting period.

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

América Móvil Stock Up 0.4 %

NYSE:AMX opened at $14.35 on Thursday. The company’s 50-day simple moving average is $14.38 and its 200-day simple moving average is $15.07. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.67 and a current ratio of 0.72. 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. The stock has a market capitalization of $43.75 billion, a P/E ratio of 29.28, a P/E/G ratio of 0.77 and a beta of 0.95.

América Móvil (NYSE:AMX) last announced its earnings results 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 net margin of 3.25% and a return on equity of 6.38%. On average, equities analysts anticipate that América Móvil, S.A.B. de C.V. will post 1.51 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have issued reports on AMX shares. JPMorgan Chase & Co. dropped their target price on shares of América Móvil from $17.00 to $15.00 and set an “underweight” rating on the stock in a report on Thursday, January 16th. The Goldman Sachs Group dropped their price objective on shares of América Móvil from $17.60 to $17.30 and set a “buy” rating on the stock in a research note on Wednesday, February 19th. Scotiabank reduced their price objective on shares of 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 upgraded América Móvil from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 15th. One equities 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 assigned a strong buy rating to the company. According to data from MarketBeat.com, América Móvil presently has a consensus rating of “Moderate Buy” and a consensus target price of $17.15.

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.