Schechter Investment Advisors LLC Sells 10,362 Shares of América Móvil, S.A.B. de C.V. (NYSE:AMX)

Schechter Investment Advisors LLC decreased its holdings in América Móvil, S.A.B. de C.V. (NYSE:AMX) by 32.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 21,339 shares of the Wireless communications provider’s stock after selling 10,362 shares during the quarter. Schechter Investment Advisors LLC’s holdings in América Móvil were worth $305,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Robeco Institutional Asset Management B.V. boosted its stake in shares of América Móvil by 19.9% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 910,988 shares of the Wireless communications provider’s stock worth $14,904,000 after acquiring an additional 151,114 shares during the last quarter. Crossmark Global Holdings Inc. raised its holdings in América Móvil by 7.5% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 145,462 shares of the Wireless communications provider’s stock worth $2,380,000 after purchasing an additional 10,150 shares during the period. Aigen Investment Management LP purchased a new position in América Móvil during the third quarter valued at $427,000. Oppenheimer Asset Management Inc. grew its holdings in América Móvil by 26.4% during the third quarter. Oppenheimer Asset Management Inc. now owns 21,124 shares of the Wireless communications provider’s stock valued at $346,000 after purchasing an additional 4,417 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. increased its position in América Móvil by 76.0% in the third 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. 6.30% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. The Goldman Sachs Group lowered their price objective on América Móvil from $17.60 to $17.30 and set a “buy” rating on the stock in a research report on Wednesday, February 19th. Scotiabank lowered 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. StockNews.com cut shares of América Móvil from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 26th. Finally, JPMorgan Chase & Co. lowered their target price on shares of América Móvil from $17.00 to $15.00 and set an “underweight” rating on the stock in a research note on Thursday, January 16th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $17.15.

América Móvil Trading Up 0.7 %

AMX stock opened at $14.23 on Thursday. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.72 and a quick ratio of 0.67. América Móvil, S.A.B. de C.V. has a 1-year low of $13.63 and a 1-year high of $20.31. The business has a 50 day simple moving average of $14.31 and a two-hundred day simple moving average of $15.32. The company has a market capitalization of $43.67 billion, a price-to-earnings ratio of 29.03, a PEG ratio of 0.77 and a beta of 0.93.

América Móvil (NYSE:AMX) last issued its earnings results on Wednesday, February 12th. The Wireless communications provider reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.27). América Móvil had a return on equity of 6.38% and a net margin of 3.25%. Research analysts anticipate that América Móvil, S.A.B. de C.V. will post 1.51 EPS for the current fiscal 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 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.