Whittier Trust Co. Sells 1,175 Shares of América Móvil, S.A.B. de C.V. (NYSE:AMX)

Whittier Trust Co. lowered its position in América Móvil, S.A.B. de C.V. (NYSE:AMX) by 5.4% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 20,616 shares of the Wireless communications provider’s stock after selling 1,175 shares during the quarter. Whittier Trust Co.’s holdings in América Móvil were worth $295,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in AMX. Robeco Institutional Asset Management B.V. boosted its holdings in shares of América Móvil by 115.3% during the 4th 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 during the last quarter. ABC Arbitrage SA bought a new position in shares of América Móvil during the 4th quarter valued at about $14,238,000. Boston Partners bought a new position in shares of América Móvil during the 4th quarter valued at about $2,211,000. Barclays PLC boosted its holdings in shares of América Móvil by 36,692.9% during the 3rd quarter. Barclays PLC now owns 150,115 shares of the Wireless communications provider’s stock valued at $2,456,000 after purchasing an additional 149,707 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of América Móvil during the 4th quarter valued at about $1,386,000. Institutional investors own 6.30% of the company’s stock.

América Móvil Stock Performance

América Móvil stock opened at $14.09 on Monday. 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 firm has a market capitalization of $42.96 billion, a P/E ratio of 28.74, a price-to-earnings-growth ratio of 0.77 and a beta of 0.95. The company’s 50-day moving average is $14.37 and its 200 day moving average is $15.11.

América Móvil (NYSE:AMX) last posted its quarterly earnings data 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 forecast that América Móvil, S.A.B. de C.V. will post 1.51 EPS for the current year.

Analysts Set New Price Targets

AMX has been the subject of several research reports. Scotiabank dropped their price objective on shares of América Móvil from $17.30 to $13.70 and set a “sector perform” rating for the company 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 report on Wednesday, February 19th. JPMorgan Chase & Co. decreased 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 report on Thursday, January 16th. Finally, StockNews.com upgraded shares of América Móvil from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 15th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, América Móvil has an average rating of “Moderate Buy” and an average target price of $17.15.

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.