Ethic Inc. Decreases Holdings in América Móvil, S.A.B. de C.V. (NYSE:AMX)

Ethic Inc. trimmed its position in shares of América Móvil, S.A.B. de C.V. (NYSE:AMX) by 75.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,191 shares of the Wireless communications provider’s stock after selling 33,964 shares during the period. Ethic Inc.’s holdings in América Móvil were worth $160,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of AMX. Transce3nd LLC purchased a new position in shares of América Móvil during the 4th quarter valued at about $26,000. Lee Danner & Bass Inc. purchased a new position in shares of América Móvil during the 4th quarter valued at about $29,000. Spire Wealth Management purchased a new position in shares of América Móvil during the 4th quarter valued at about $32,000. Parvin Asset Management LLC purchased a new position in shares of América Móvil during the 4th quarter valued at about $39,000. Finally, Farther Finance Advisors LLC raised its holdings in shares of América Móvil by 82.5% during the 4th quarter. Farther Finance Advisors LLC now owns 3,128 shares of the Wireless communications provider’s stock valued at $45,000 after buying an additional 1,414 shares in the last quarter. 6.30% of the stock is owned by hedge funds and other institutional investors.

América Móvil Stock Down 0.4%

América Móvil stock opened at $17.26 on Monday. The stock has a market cap of $52.37 billion, a PE ratio of 35.21, a price-to-earnings-growth ratio of 0.77 and a beta of 0.82. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.67 and a current ratio of 0.72. América Móvil, S.A.B. de C.V. has a one year low of $13.10 and a one year high of $19.84. The stock has a fifty day moving average of $15.47 and a 200 day moving average of $14.91.

América Móvil (NYSE:AMX) last posted its quarterly earnings data on Wednesday, April 30th. The Wireless communications provider reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.02). América Móvil had a net margin of 3.25% and a return on equity of 6.38%. The firm had revenue of $11.36 billion for the quarter, compared to analysts’ expectations of $11.28 billion. As a group, sell-side analysts predict that América Móvil, S.A.B. de C.V. will post 1.51 EPS for the current year.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Hsbc Global Res upgraded América Móvil from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 14th. The Goldman Sachs Group reduced their price target 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 reduced their price target on América Móvil from $17.30 to $13.70 and set a “sector perform” rating on the stock in a research report on Thursday, February 13th. HSBC upgraded América Móvil from a “hold” rating to a “buy” rating and raised their price target for the stock from $15.50 to $17.50 in a research report on Monday, April 14th. Finally, StockNews.com upgraded América Móvil from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 15th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, three have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $17.22.

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.