State of New Jersey Common Pension Fund D Has $3.74 Million Position in América Móvil, S.A.B. de C.V. (NYSE:AMX)

State of New Jersey Common Pension Fund D increased its holdings in shares of América Móvil, S.A.B. de C.V. (NYSE:AMX) by 23.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 261,054 shares of the Wireless communications provider’s stock after purchasing an additional 49,471 shares during the period. State of New Jersey Common Pension Fund D’s holdings in América Móvil were worth $3,736,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. FMR LLC lifted its stake in América Móvil by 125.6% in the third quarter. FMR LLC now owns 65,590 shares of the Wireless communications provider’s stock valued at $1,073,000 after buying an additional 36,520 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in América Móvil by 55.7% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,872 shares of the Wireless communications provider’s stock valued at $243,000 after acquiring an additional 6,033 shares in the last quarter. ABS Direct Equity Fund LLC boosted its stake in América Móvil by 21.4% in the 3rd quarter. ABS Direct Equity Fund LLC now owns 413,922 shares of the Wireless communications provider’s stock worth $6,772,000 after purchasing an additional 73,022 shares during the period. Blue Trust Inc. increased its holdings in América Móvil by 57.8% during the 4th quarter. Blue Trust Inc. now owns 5,535 shares of the Wireless communications provider’s stock worth $79,000 after purchasing an additional 2,028 shares in the last quarter. Finally, Empirical Asset Management LLC acquired a new stake in shares of América Móvil in the 4th quarter valued at about $487,000. 6.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently issued reports on AMX shares. Scotiabank decreased their price objective on América Móvil from $17.30 to $13.70 and set a “sector perform” rating for the company in a report on Thursday, February 13th. JPMorgan Chase & Co. decreased their price target on shares of América Móvil from $17.00 to $15.00 and set an “underweight” rating for the company in a research note on Thursday, January 16th. StockNews.com raised shares of América Móvil from a “buy” rating to a “strong-buy” rating in a research report on Thursday, February 13th. Finally, The Goldman Sachs Group decreased their target price on shares of América Móvil from $17.60 to $17.30 and set a “buy” rating for the company in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, one has given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $17.15.

América Móvil Stock Down 4.1 %

AMX stock opened at $14.56 on Thursday. The company has a market cap of $44.68 billion, a price-to-earnings ratio of 29.70, a P/E/G ratio of 0.75 and a beta of 0.93. América Móvil, S.A.B. de C.V. has a twelve month low of $13.63 and a twelve month high of $20.31. The business has a 50 day moving average price of $14.32 and a two-hundred day moving average price of $15.49. The company has a quick ratio of 0.67, a current ratio of 0.72 and a debt-to-equity ratio of 0.90.

América Móvil (NYSE:AMX) last released its earnings results on Wednesday, February 12th. The Wireless communications provider reported $0.15 earnings per share 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%. Analysts anticipate that América Móvil, S.A.B. de C.V. will post 1.6 EPS 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 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.