Rockefeller Capital Management L.P. Raises Stake in America Movil, S.A.B. de C.V. Unsponsored ADR $AMX

Rockefeller Capital Management L.P. boosted its stake in America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) by 55.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,150,649 shares of the Wireless communications provider’s stock after acquiring an additional 408,125 shares during the period. Rockefeller Capital Management L.P.’s holdings in America Movil were worth $23,784,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Larry Mathis Financial Planning LLC purchased a new stake in America Movil during the fourth quarter valued at about $274,000. Corient Private Wealth LLC increased its stake in shares of America Movil by 0.7% in the fourth quarter. Corient Private Wealth LLC now owns 66,920 shares of the Wireless communications provider’s stock worth $1,383,000 after purchasing an additional 468 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its position in shares of America Movil by 152,100.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 7,610 shares of the Wireless communications provider’s stock valued at $157,000 after purchasing an additional 7,605 shares during the period. Compound Planning Inc. raised its position in shares of America Movil by 29.9% in the fourth quarter. Compound Planning Inc. now owns 20,981 shares of the Wireless communications provider’s stock valued at $434,000 after purchasing an additional 4,825 shares during the period. Finally, Axxcess Wealth Management LLC lifted its stake in shares of America Movil by 1.2% during the 4th quarter. Axxcess Wealth Management LLC now owns 36,505 shares of the Wireless communications provider’s stock valued at $755,000 after buying an additional 430 shares in the last quarter. 6.30% of the stock is currently owned by hedge funds and other institutional investors.

America Movil Price Performance

Shares of NYSE:AMX opened at $26.05 on Tuesday. The company has a quick ratio of 0.67, a current ratio of 0.72 and a debt-to-equity ratio of 0.97. The stock has a market cap of $78.40 billion, a PE ratio of 16.59, a PEG ratio of 0.84 and a beta of 0.66. The company’s fifty day moving average is $26.34 and its 200 day moving average is $23.92. America Movil, S.A.B. de C.V. Unsponsored ADR has a 52 week low of $16.88 and a 52 week high of $28.46.

America Movil (NYSE:AMX) last posted its quarterly earnings results on Tuesday, March 31st. The Wireless communications provider reported $0.02 EPS for the quarter. The company had revenue of $13.24 billion during the quarter. America Movil had a net margin of 9.23% and a return on equity of 19.77%. Research analysts anticipate that America Movil, S.A.B. de C.V. Unsponsored ADR will post 1.91 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have commented on AMX. The Goldman Sachs Group initiated coverage on America Movil in a research note on Monday, May 18th. They issued a “buy” rating and a $31.80 target price for the company. New Street Research reissued a “buy” rating and issued a $35.00 price target on shares of America Movil in a report on Wednesday, June 17th. Weiss Ratings raised shares of America Movil from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 18th. Scotiabank decreased their target price on shares of America Movil from $21.80 to $20.80 and set a “sector perform” rating on the stock in a report on Wednesday, May 27th. Finally, JPMorgan Chase & Co. increased their target price on shares of America Movil from $24.50 to $30.00 and gave the stock a “neutral” rating in a research note on Thursday, May 14th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $28.16.

About America Movil

América Móvil is a Mexican telecommunications company headquartered in Mexico City that provides a broad range of communications services. Established in the early 2000s out of the expansion of the Slim family’s telecommunications holdings, the company is a major provider of mobile and fixed-line telephony, broadband internet and pay-television services in the region. Its operations span retail consumer services as well as wholesale and enterprise solutions, positioning it as an integrated communications provider across multiple customer segments.

The company markets services under several regional brands—most notably Telcel in Mexico and Claro across many Latin American markets—and offers both prepaid and postpaid mobile plans, fixed and mobile broadband, fiber-to-the-home where available, and video/broadcast distribution services.