Heritage Investors Management Corp Sells 2,100 Shares of América Móvil, S.A.B. de C.V. (NYSE:AMX)

Heritage Investors Management Corp decreased its position in América Móvil, S.A.B. de C.V. (NYSE:AMX) by 3.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 58,256 shares of the Wireless communications provider’s stock after selling 2,100 shares during the quarter. Heritage Investors Management Corp’s holdings in América Móvil were worth $834,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in AMX. Robeco Institutional Asset Management B.V. increased its stake 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 worth $28,065,000 after acquiring an additional 1,050,203 shares during the last quarter. ABC Arbitrage SA bought a new stake in América Móvil in the 4th quarter worth approximately $14,238,000. Connor Clark & Lunn Investment Management Ltd. increased its stake in América Móvil by 76.0% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 736,107 shares of the Wireless communications provider’s stock worth $12,043,000 after acquiring an additional 317,800 shares during the last quarter. Barclays PLC increased its position in shares of América Móvil by 36,692.9% during the 3rd quarter. Barclays PLC now owns 150,115 shares of the Wireless communications provider’s stock valued at $2,456,000 after purchasing an additional 149,707 shares during the last quarter. Finally, Public Employees Retirement System of Ohio bought a new position in shares of América Móvil during the 3rd quarter valued at approximately $1,341,000. Institutional investors own 6.30% of the company’s stock.

América Móvil Price Performance

AMX opened at $14.42 on Friday. The business has a fifty day moving average of $14.31 and a 200 day moving average of $15.41. 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 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 $44.25 billion, a P/E ratio of 29.42, a PEG ratio of 0.77 and a beta of 0.93.

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

Analyst Upgrades and Downgrades

AMX has been the topic of several analyst reports. The Goldman Sachs Group cut their target price on América Móvil from $17.60 to $17.30 and set a “buy” rating on the stock in a research report on Wednesday, February 19th. Scotiabank cut their target price on América Móvil from $17.30 to $13.70 and set a “sector perform” rating on the stock in a research report on Thursday, February 13th. StockNews.com downgraded América Móvil from a “strong-buy” rating to a “buy” rating in a research report on Wednesday. Finally, JPMorgan Chase & Co. cut their target price 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. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” 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.