Wellington Management Group LLP Buys Shares of 1,058,618 América Móvil, S.A.B. de C.V. (NYSE:AMX)

Wellington Management Group LLP purchased a new position in shares of América Móvil, S.A.B. de C.V. (NYSE:AMX) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 1,058,618 shares of the Wireless communications provider’s stock, valued at approximately $15,149,000.

A number of other institutional investors have also modified their holdings of the company. Robeco Institutional Asset Management B.V. grew its stake in shares of América Móvil by 115.3% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,961,191 shares of the Wireless communications provider’s stock worth $28,065,000 after acquiring an additional 1,050,203 shares in the last quarter. American Century Companies Inc. increased its holdings in América Móvil by 5.8% during the 4th quarter. American Century Companies Inc. now owns 1,069,640 shares of the Wireless communications provider’s stock worth $15,307,000 after purchasing an additional 58,934 shares during the period. ABC Arbitrage SA acquired a new stake in América Móvil in the 4th quarter valued at about $14,238,000. ABS Direct Equity Fund LLC boosted its stake in shares of 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 valued at $6,772,000 after buying an additional 73,022 shares during the period. Finally, State of New Jersey Common Pension Fund D grew its position in shares of América Móvil by 23.4% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 261,054 shares of the Wireless communications provider’s stock worth $3,736,000 after buying an additional 49,471 shares in the last quarter. 6.30% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently issued reports on AMX shares. 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. The Goldman Sachs Group decreased their price objective 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, February 19th. Scotiabank cut their price target on América Móvil from $17.30 to $13.70 and set a “sector perform” rating on the stock in a research note on Thursday, February 13th. Finally, StockNews.com raised América Móvil from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 15th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $17.15.

América Móvil Trading Down 3.3 %

Shares of América Móvil stock opened at $13.41 on Wednesday. The company has a fifty day simple moving average of $14.42 and a 200-day simple moving average of $14.91. América Móvil, S.A.B. de C.V. has a 12-month low of $13.34 and a 12-month high of $20.31. The company has a current ratio of 0.72, a quick ratio of 0.67 and a debt-to-equity ratio of 0.90. The stock has a market cap of $40.89 billion, a price-to-earnings ratio of 27.36, a PEG ratio of 0.77 and a beta of 0.79.

América Móvil (NYSE:AMX) last released its quarterly earnings data on Wednesday, February 12th. The Wireless communications provider reported $0.15 earnings per share (EPS) 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%. On average, equities analysts forecast that América Móvil, S.A.B. de C.V. will post 1.51 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.