Wellington Management Group LLP Invests $15.15 Million in América Móvil, S.A.B. de C.V. (NYSE:AMX)

Wellington Management Group LLP bought a new stake in América Móvil, S.A.B. de C.V. (NYSE:AMX - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 1,058,618 shares of the Wireless communications provider's stock, valued at approximately $15,149,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC raised its position in América Móvil by 86.6% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 30,800 shares of the Wireless communications provider's stock valued at $441,000 after purchasing an additional 14,290 shares during the period. University of Texas Texas AM Investment Management Co. raised its position in América Móvil by 24.7% in the fourth quarter. University of Texas Texas AM Investment Management Co. now owns 126,306 shares of the Wireless communications provider's stock valued at $1,807,000 after purchasing an additional 24,992 shares during the period. Voloridge Investment Management LLC purchased a new stake in América Móvil in the fourth quarter valued at approximately $4,045,000. Raiffeisen Bank International AG purchased a new stake in América Móvil in the fourth quarter valued at approximately $494,000. Finally, OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in América Móvil by 28.9% in the fourth quarter. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 206,761 shares of the Wireless communications provider's stock valued at $2,959,000 after purchasing an additional 46,410 shares during the period. Hedge funds and other institutional investors own 6.30% of the company's stock.

Wall Street Analyst Weigh In

AMX has been the subject of several research reports. Hsbc Global Res upgraded shares of América Móvil from a "hold" rating to a "strong-buy" rating in a research note on Monday, April 14th. UBS Group downgraded shares of América Móvil from a "buy" rating to a "neutral" rating in a research note on Wednesday, May 21st. Wall Street Zen upgraded shares of América Móvil from a "hold" rating to a "buy" rating in a research note on Wednesday, May 28th. Scotiabank lowered their target price 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, The Goldman Sachs Group lowered their target price on shares of América Móvil from $17.60 to $17.30 and set a "buy" rating for the company in a research note on Wednesday, February 19th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $17.22.

América Móvil Stock Performance

NYSE AMX traded down $0.15 during trading hours on Thursday, hitting $16.66. The company had a trading volume of 3,538,330 shares, compared to its average volume of 1,919,027. 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 1-year low of $13.10 and a 1-year high of $18.73. The company has a market cap of $50.55 billion, a PE ratio of 33.99, a price-to-earnings-growth ratio of 0.77 and a beta of 0.82. The business has a 50 day moving average of $16.30 and a 200-day moving average of $15.09.

América Móvil (NYSE:AMX - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The Wireless communications provider reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $11.28 billion. As a group, equities research analysts expect that América Móvil, S.A.B. de C.V. will post 1.51 EPS for the current year.

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.