América Móvil, S.A.B. de C.V. (NYSE:AMX) Shares Acquired by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D increased its position in América Móvil, S.A.B. de C.V. (NYSE:AMX) by 38.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 394,498 shares of the Wireless communications provider’s stock after buying an additional 110,457 shares during the period. State of New Jersey Common Pension Fund D’s holdings in América Móvil were worth $7,306,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of AMX. DAVENPORT & Co LLC raised its position in shares of América Móvil by 21.2% in the third quarter. DAVENPORT & Co LLC now owns 47,368 shares of the Wireless communications provider’s stock valued at $820,000 after buying an additional 8,276 shares during the last quarter. Asset Management One Co. Ltd. raised its position in shares of América Móvil by 148.1% in the third quarter. Asset Management One Co. Ltd. now owns 200,690 shares of the Wireless communications provider’s stock valued at $3,476,000 after buying an additional 119,788 shares during the last quarter. Raymond James & Associates grew its holdings in América Móvil by 4.1% in the third quarter. Raymond James & Associates now owns 201,144 shares of the Wireless communications provider’s stock valued at $3,484,000 after purchasing an additional 7,969 shares during the period. Raymond James Financial Services Advisors Inc. grew its holdings in América Móvil by 31.5% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 91,714 shares of the Wireless communications provider’s stock valued at $1,588,000 after purchasing an additional 21,985 shares during the period. Finally, Whittier Trust Co. grew its holdings in América Móvil by 4.0% in the third quarter. Whittier Trust Co. now owns 45,187 shares of the Wireless communications provider’s stock valued at $782,000 after purchasing an additional 1,723 shares during the period. Institutional investors and hedge funds own 6.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on AMX. The Goldman Sachs Group boosted their target price on shares of América Móvil from $19.50 to $21.00 and gave the company a “neutral” rating in a report on Monday, February 26th. Scotiabank boosted their target price on shares of América Móvil from $16.60 to $17.20 and gave the company a “sector perform” rating in a report on Thursday. JPMorgan Chase & Co. boosted their target price on shares of América Móvil from $15.00 to $17.50 and gave the company an “underweight” rating in a report on Monday, April 1st. 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 report on Friday, February 16th. Finally, StockNews.com upgraded shares of América Móvil from a “hold” rating to a “buy” rating in a research note on Thursday, February 15th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, América Móvil has an average rating of “Moderate Buy” and a consensus price target of $21.97.

América Móvil Stock Performance

Shares of NYSE:AMX traded up $0.52 on Friday, reaching $18.82. 1,331,412 shares of the company’s stock were exchanged, compared to its average volume of 1,403,601. The firm has a market capitalization of $58.81 billion, a price-to-earnings ratio of 17.31, a PEG ratio of 1.29 and a beta of 0.98. América Móvil, S.A.B. de C.V. has a fifty-two week low of $15.99 and a fifty-two week high of $23.07. The business’s 50-day moving average is $18.68 and its two-hundred day moving average is $18.10. The company has a quick ratio of 0.63, a current ratio of 0.67 and a debt-to-equity ratio of 0.83.

América Móvil (NYSE:AMX) last issued its earnings results on Tuesday, February 13th. The Wireless communications provider reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.08. The company had revenue of $11.45 billion for the quarter, compared to analysts’ expectations of $11.92 billion. América Móvil had a net margin of 7.28% and a return on equity of 14.07%. As a group, equities research analysts forecast 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 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.