Wealthspire Advisors LLC Has $186,000 Stake in América Móvil, S.A.B. de C.V. (NYSE:AMX)

Wealthspire Advisors LLC cut its position in América Móvil, S.A.B. de C.V. (NYSE:AMX) by 9.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,026 shares of the Wireless communications provider’s stock after selling 1,419 shares during the quarter. Wealthspire Advisors LLC’s holdings in América Móvil were worth $186,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Robeco Institutional Asset Management B.V. raised its position in América Móvil by 115.3% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,961,191 shares of the Wireless communications provider’s stock valued at $28,065,000 after purchasing an additional 1,050,203 shares in the last quarter. ABC Arbitrage SA bought a new position in shares of América Móvil in the 4th quarter valued at $14,238,000. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of América Móvil by 76.0% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 736,107 shares of the Wireless communications provider’s stock worth $12,043,000 after buying an additional 317,800 shares in the last quarter. Rockefeller Capital Management L.P. lifted its position in shares of América Móvil by 8.7% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 559,236 shares of the Wireless communications provider’s stock worth $9,151,000 after buying an additional 44,631 shares during the last quarter. Finally, ABS Direct Equity Fund LLC boosted its stake in América Móvil by 21.4% in the third quarter. ABS Direct Equity Fund LLC now owns 413,922 shares of the Wireless communications provider’s stock valued at $6,772,000 after buying an additional 73,022 shares in the last quarter. Institutional investors own 6.30% of the company’s stock.

América Móvil Stock Performance

Shares of América Móvil stock opened at $14.42 on Friday. América Móvil, S.A.B. de C.V. has a 52 week low of $13.63 and a 52 week high of $20.31. The company has a quick ratio of 0.67, a current ratio of 0.72 and a debt-to-equity ratio of 0.90. The business has a 50 day moving average price of $14.31 and a 200-day moving average price of $15.41. The company has a market cap of $44.25 billion, a PE ratio of 29.42, a price-to-earnings-growth ratio of 0.77 and a beta of 0.94.

América Móvil (NYSE:AMX) last posted its quarterly earnings data on Wednesday, February 12th. The Wireless communications provider reported $0.15 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.27). América Móvil had a net margin of 3.25% and a return on equity of 6.38%. Equities analysts anticipate 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 research analysts recently issued reports on AMX shares. 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 report on Thursday, February 13th. The Goldman Sachs Group decreased 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. dropped their price target on América Móvil from $17.00 to $15.00 and set an “underweight” rating for the company in a research note on Thursday, January 16th. Finally, StockNews.com lowered América Móvil from a “strong-buy” rating to a “buy” rating in a research report on Wednesday. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $17.15.

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 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.