Dimensional Fund Advisors LP Sells 490,822 Shares of América Móvil, S.A.B. de C.V. (NYSE:AMX)

Dimensional Fund Advisors LP decreased its position in shares of 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 disclosure with the Securities and Exchange Commission. The fund owned 3,825,495 shares of the Wireless communications provider's stock after selling 490,822 shares during the period. Dimensional Fund Advisors LP owned 0.12% of América Móvil worth $54,743,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AMX. Lee Danner & Bass Inc. bought a new stake in shares of América Móvil in the 4th quarter valued at approximately $29,000. Spire Wealth Management acquired a new position in shares of América Móvil during the 4th quarter worth $32,000. Farther Finance Advisors LLC raised its holdings in shares of 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 valued at $45,000 after purchasing an additional 1,414 shares in the last quarter. R Squared Ltd acquired a new stake in shares of América Móvil in the 4th quarter valued at $49,000. Finally, Raleigh Capital Management Inc. bought a new stake in América Móvil in the fourth quarter worth $57,000. Hedge funds and other institutional investors own 6.30% of the company's stock.

América Móvil Stock Performance

NYSE:AMX traded up $0.20 during trading hours on Tuesday, hitting $17.19. 1,964,151 shares of the company traded hands, compared to its average volume of 1,842,256. 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 twelve month low of $13.10 and a twelve month high of $20.31. The firm has a 50-day moving average of $14.98 and a 200 day moving average of $14.86. The stock has a market capitalization of $52.44 billion, a price-to-earnings ratio of 35.09, a P/E/G ratio of 0.77 and a beta of 0.82.

América Móvil (NYSE:AMX - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The Wireless communications provider reported $0.30 EPS for the quarter, missing analysts' consensus estimates of $0.32 by ($0.02). América Móvil had a net margin of 3.25% and a return on equity of 6.38%. The company had revenue of $11.36 billion for the quarter, compared to analyst estimates of $11.28 billion. On average, analysts forecast that América Móvil, S.A.B. de C.V. will post 1.51 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Hsbc Global Res upgraded América Móvil from a "hold" rating to a "strong-buy" rating in a report on Monday, April 14th. HSBC raised América Móvil from a "hold" rating to a "buy" rating and raised their price objective for the company from $15.50 to $17.50 in a research note on Monday, April 14th. The Goldman Sachs Group lowered their target price 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. JPMorgan Chase & Co. cut their target price 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. Finally, StockNews.com raised América Móvil from a "buy" rating to a "strong-buy" rating in a research report on Saturday, March 15th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, three have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, América Móvil presently has an average rating of "Moderate Buy" and a consensus target price of $17.22.

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.