Heritage Investors Management Corp Sells 4,449 Shares of América Móvil, S.A.B. de C.V. (NYSE:AMX)

Heritage Investors Management Corp decreased its stake in shares of América Móvil, S.A.B. de C.V. (NYSE:AMX) by 6.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 68,186 shares of the Wireless communications provider’s stock after selling 4,449 shares during the quarter. Heritage Investors Management Corp’s holdings in América Móvil were worth $1,263,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. Invesco Ltd. increased its holdings in América Móvil by 17.8% in the 3rd quarter. Invesco Ltd. now owns 28,592,356 shares of the Wireless communications provider’s stock worth $495,220,000 after buying an additional 4,322,228 shares in the last quarter. Westwood Global Investments LLC grew its stake in shares of América Móvil by 2.8% in the third quarter. Westwood Global Investments LLC now owns 15,541,830 shares of the Wireless communications provider’s stock worth $269,184,000 after acquiring an additional 424,035 shares during the period. Lazard Asset Management LLC raised its holdings in shares of América Móvil by 9.1% during the third quarter. Lazard Asset Management LLC now owns 11,441,133 shares of the Wireless communications provider’s stock valued at $198,159,000 after purchasing an additional 952,521 shares during the last quarter. Russell Investments Group Ltd. bought a new position in América Móvil during the fourth quarter valued at approximately $20,341,000. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its holdings in América Móvil by 152.6% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 948,193 shares of the Wireless communications provider’s stock worth $16,423,000 after purchasing an additional 572,752 shares during the last quarter. 6.30% of the stock is owned by institutional investors.

América Móvil Price Performance

Shares of AMX stock traded up $0.50 on Thursday, hitting $20.17. 1,830,364 shares of the stock traded hands, compared to its average volume of 1,433,750. The firm has a market cap of $62.63 billion, a price-to-earnings ratio of 18.68, a PEG ratio of 1.36 and a beta of 0.96. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.65 and a quick ratio of 0.61. The firm has a 50 day simple moving average of $18.76 and a two-hundred day simple moving average of $18.27. América Móvil, S.A.B. de C.V. has a 52 week low of $15.99 and a 52 week high of $23.07.

América Móvil (NYSE:AMX) last announced its quarterly earnings data on Tuesday, February 13th. The Wireless communications provider reported $0.33 EPS for the quarter, beating the consensus estimate of $0.25 by $0.08. América Móvil had a return on equity of 13.93% and a net margin of 7.28%. The business had revenue of $11.45 billion for the quarter, compared to the consensus estimate of $11.92 billion. As a group, equities research analysts predict that América Móvil, S.A.B. de C.V. will post 1.51 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on AMX shares. StockNews.com raised América Móvil from a “hold” rating to a “buy” rating in a report on Thursday, February 15th. JPMorgan Chase & Co. boosted their price target on América Móvil from $15.00 to $17.50 and gave the company an “underweight” rating in a research note on Monday, April 1st. Scotiabank upped their price target on shares of América Móvil from $16.60 to $17.20 and gave the company a “sector perform” rating in a research report on Thursday, April 25th. The Goldman Sachs Group raised shares of América Móvil from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $21.00 to $22.00 in a report on Monday, April 29th. Finally, Jefferies Financial Group upgraded shares of América Móvil from a “hold” rating to a “buy” rating and boosted their target price for the company from $19.16 to $22.22 in a research report on Friday, February 16th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $22.08.

América Móvil 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 also 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.