Stifel Financial Corp Sells 26,629 Shares of América Móvil, S.A.B. de C.V. (NYSE:AMX)

Stifel Financial Corp lessened its position in shares of América Móvil, S.A.B. de C.V. (NYSE:AMX - Free Report) by 18.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 118,656 shares of the Wireless communications provider's stock after selling 26,629 shares during the period. Stifel Financial Corp's holdings in América Móvil were worth $1,698,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Wellington Management Group LLP acquired a new stake in América Móvil in the fourth quarter worth $15,149,000. Robeco Institutional Asset Management B.V. grew its holdings 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 buying an additional 1,050,203 shares in the last quarter. ABC Arbitrage SA bought a new stake in América Móvil during the 4th quarter valued at $14,238,000. Russell Investments Group Ltd. raised its stake in América Móvil by 373.5% during the 4th quarter. Russell Investments Group Ltd. now owns 809,021 shares of the Wireless communications provider's stock valued at $11,577,000 after acquiring an additional 638,159 shares in the last quarter. Finally, Boston Partners acquired a new position in América Móvil during the 4th quarter worth $2,211,000. Institutional investors own 6.30% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on AMX shares. JPMorgan Chase & Co. lowered their price target 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. HSBC raised shares of América Móvil from a "hold" rating to a "buy" rating and upped their price target for the company from $15.50 to $17.50 in a report on Monday, April 14th. Hsbc Global Res raised shares of América Móvil from a "hold" rating to a "strong-buy" rating in a research note on Monday, April 14th. StockNews.com raised shares of América Móvil from a "buy" rating to a "strong-buy" rating in a research note on Saturday, March 15th. Finally, Scotiabank decreased their price target on shares of 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. One research analyst has rated the stock with a sell rating, one has issued a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, América Móvil currently has a consensus rating of "Moderate Buy" and a consensus target price of $17.22.

América Móvil Trading Down 1.3%

NYSE AMX traded down $0.22 on Monday, hitting $16.85. 217,095 shares of the stock were exchanged, compared to its average volume of 1,838,690. The company's 50-day moving average price is $15.20 and its two-hundred day moving average price is $14.87. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.72 and a quick ratio of 0.67. América Móvil, S.A.B. de C.V. has a 52-week low of $13.10 and a 52-week high of $20.31. The company has a market capitalization of $51.38 billion, a price-to-earnings ratio of 34.42, a P/E/G ratio of 0.77 and a beta of 0.82.

América Móvil (NYSE:AMX - Get Free Report) last posted 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). América Móvil had a net margin of 3.25% and a return on equity of 6.38%. The business had revenue of $11.36 billion for the quarter, compared to analyst estimates of $11.28 billion. Research 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.