Dimensional Fund Advisors LP Cuts Holdings in América Móvil, S.A.B. de C.V. (NYSE:AMX)

Dimensional Fund Advisors LP lessened its holdings in América Móvil, S.A.B. de C.V. (NYSE:AMX - Free Report) by 11.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,825,495 shares of the Wireless communications provider's stock after selling 490,822 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.12% of América Móvil worth $54,743,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Farther Finance Advisors LLC raised its holdings in América Móvil by 82.5% during the 4th quarter. Farther Finance Advisors LLC now owns 3,128 shares of the Wireless communications provider's stock worth $45,000 after purchasing an additional 1,414 shares during the last quarter. Gateway Investment Advisers LLC raised its stake in América Móvil by 17.3% during the fourth quarter. Gateway Investment Advisers LLC now owns 12,835 shares of the Wireless communications provider's stock worth $184,000 after buying an additional 1,893 shares during the last quarter. Lee Danner & Bass Inc. bought a new position in América Móvil during the fourth quarter worth $29,000. Blue Trust Inc. lifted its holdings in América Móvil by 57.8% in 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, Spire Wealth Management bought a new stake in América Móvil during the fourth quarter valued at $32,000. 6.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on AMX shares. StockNews.com raised América Móvil from a "buy" rating to a "strong-buy" rating in a research note on Saturday, March 15th. Scotiabank dropped their price target on América Móvil from $17.30 to $13.70 and set a "sector perform" rating on the stock in a research note on Thursday, February 13th. The Goldman Sachs Group reduced their price objective on shares of América Móvil from $17.60 to $17.30 and set a "buy" rating for the company in a research report on Wednesday, February 19th. 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 research report on Thursday, January 16th. Finally, HSBC upgraded shares of América Móvil from a "hold" rating to a "buy" rating and raised their price target for the stock from $15.50 to $17.50 in a report on Monday, April 14th. One analyst has rated the stock with a sell rating, one has given a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, América Móvil presently has a consensus rating of "Moderate Buy" and an average target price of $17.22.

América Móvil Stock Down 0.2 %

NYSE AMX traded down $0.03 during mid-day trading on Thursday, hitting $17.14. The company's stock had a trading volume of 384,856 shares, compared to its average volume of 1,834,611. 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 company's 50 day simple moving average is $15.09 and its 200 day simple moving average is $14.89. América Móvil, S.A.B. de C.V. has a twelve month low of $13.10 and a twelve month high of $20.31. The firm has a market capitalization of $52.28 billion, a price-to-earnings ratio of 34.98, a PEG ratio of 0.77 and a beta of 0.82.

América Móvil (NYSE:AMX - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The Wireless communications provider reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.02). The business had revenue of $11.36 billion during the quarter, compared to the consensus estimate of $11.28 billion. América Móvil had a net margin of 3.25% and a return on equity of 6.38%. Analysts anticipate that América Móvil, S.A.B. de C.V. will post 1.51 earnings per share for the current year.

América Móvil Company 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.