Rockefeller Capital Management L.P. Sells 154,839 Shares of América Móvil, S.A.B. de C.V. (NYSE:AMX)

Rockefeller Capital Management L.P. trimmed its position in América Móvil, S.A.B. de C.V. (NYSE:AMX - Free Report) by 27.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 404,397 shares of the Wireless communications provider's stock after selling 154,839 shares during the quarter. Rockefeller Capital Management L.P.'s holdings in América Móvil were worth $5,790,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new position in shares of América Móvil in the fourth quarter worth about $1,386,000. APG Asset Management N.V. grew its holdings in América Móvil by 45.7% during the 4th quarter. APG Asset Management N.V. now owns 16,271 shares of the Wireless communications provider's stock valued at $225,000 after buying an additional 5,100 shares in the last quarter. Quadrant Capital Group LLC raised its position in shares of América Móvil by 84.2% during the fourth quarter. Quadrant Capital Group LLC now owns 9,208 shares of the Wireless communications provider's stock valued at $132,000 after buying an additional 4,209 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of América Móvil by 373.5% in the fourth quarter. Russell Investments Group Ltd. now owns 809,021 shares of the Wireless communications provider's stock worth $11,577,000 after buying an additional 638,159 shares in the last quarter. Finally, Headlands Technologies LLC purchased a new position in América Móvil during the fourth quarter valued at $74,000. Institutional investors own 6.30% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Scotiabank dropped 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 report on Thursday, February 13th. The Goldman Sachs Group reduced their price objective on América Móvil from $17.60 to $17.30 and set a "buy" rating on the stock in a research note on Wednesday, February 19th. HSBC upgraded América Móvil from a "hold" rating to a "buy" rating and increased their target price for the company from $15.50 to $17.50 in a research report on Monday, April 14th. JPMorgan Chase & Co. reduced their price target 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 Global Res upgraded shares of América Móvil from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 14th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $17.22.

América Móvil Trading Up 1.6 %

NYSE:AMX traded up $0.26 during midday trading on Wednesday, hitting $16.81. 460,856 shares of the company traded hands, compared to its average volume of 1,767,041. 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 firm's fifty day moving average is $14.57 and its 200-day moving average is $14.83. The firm has a market capitalization of $51.27 billion, a P/E ratio of 34.31, a P/E/G ratio of 0.77 and a beta of 0.79. América Móvil, S.A.B. de C.V. has a 12-month low of $13.10 and a 12-month high of $20.31.

América Móvil (NYSE:AMX - Get Free Report) last released its earnings results on Wednesday, February 12th. The Wireless communications provider reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.27). América Móvil had a return on equity of 6.38% and a net margin of 3.25%. On average, sell-side analysts predict that América Móvil, S.A.B. de C.V. will post 1.51 EPS 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.