Dimensional Fund Advisors LP Sells 246,679 Shares of América Móvil, S.A.B. de C.V. (NYSE:AMX)

Dimensional Fund Advisors LP lowered its position in shares of América Móvil, S.A.B. de C.V. (NYSE:AMX) by 4.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,755,335 shares of the Wireless communications provider’s stock after selling 246,679 shares during the period. Dimensional Fund Advisors LP owned about 0.15% of América Móvil worth $88,061,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Deutsche Bank AG bought a new stake in América Móvil during the 3rd quarter worth $4,247,000. Sei Investments Co. grew its position in shares of América Móvil by 15.4% in the 3rd quarter. Sei Investments Co. now owns 874,457 shares of the Wireless communications provider’s stock valued at $15,146,000 after buying an additional 117,008 shares during the last quarter. ABS Direct Equity Fund LLC bought a new stake in shares of América Móvil in the 4th quarter valued at about $6,315,000. Westwood Global Investments LLC grew its position in shares of América Móvil by 2.8% in the 3rd quarter. Westwood Global Investments LLC now owns 15,541,830 shares of the Wireless communications provider’s stock valued at $269,184,000 after buying an additional 424,035 shares during the last quarter. Finally, Yousif Capital Management LLC grew its position in shares of América Móvil by 45.5% in the 4th quarter. Yousif Capital Management LLC now owns 52,239 shares of the Wireless communications provider’s stock valued at $967,000 after buying an additional 16,340 shares during the last quarter. Institutional investors own 6.30% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. StockNews.com upgraded América Móvil from a “hold” rating to a “buy” rating in a research report on Thursday, February 15th. The Goldman Sachs Group upgraded América Móvil from a “neutral” rating to a “buy” rating and upped their target price for the company from $21.00 to $22.00 in a research report on Monday, April 29th. JPMorgan Chase & Co. upped their target price on América Móvil from $15.00 to $17.50 and gave the company an “underweight” rating in a research report on Monday, April 1st. Scotiabank upped their target price on América Móvil from $16.60 to $17.20 and gave the company a “sector perform” rating in a research report on Thursday, April 25th. Finally, Jefferies Financial Group upgraded América Móvil from a “hold” rating to a “buy” rating and upped their target price for the company from $19.16 to $22.22 in a research report on Friday, February 16th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $21.47.

América Móvil Stock Performance

Shares of América Móvil stock opened at $19.55 on Friday. The company has a market cap of $60.70 billion, a PE ratio of 18.10, a price-to-earnings-growth ratio of 1.18 and a beta of 0.96. América Móvil, S.A.B. de C.V. has a 52 week low of $15.99 and a 52 week high of $22.85. The business has a 50 day moving average price of $18.93 and a 200-day moving average price of $18.49. The company has a quick ratio of 0.61, a current ratio of 0.65 and a debt-to-equity ratio of 0.81.

América Móvil (NYSE:AMX) last issued its quarterly earnings data on Tuesday, April 16th. The Wireless communications provider reported $0.25 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.17). The company had revenue of $11.98 billion during the quarter, compared to analysts’ expectations of $11.96 billion. América Móvil had a return on equity of 13.93% and a net margin of 7.28%. Equities analysts anticipate that América Móvil, S.A.B. de C.V. will post 1.41 earnings per share for the current fiscal 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 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.