Northwestern Mutual Wealth Management Co. Acquires 265,970 Shares of America Movil, S.A.B. de C.V. Unsponsored ADR $AMX

Northwestern Mutual Wealth Management Co. raised its holdings in shares of America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) by 343.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 343,428 shares of the Wireless communications provider’s stock after purchasing an additional 265,970 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in America Movil were worth $7,099,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Orion Porfolio Solutions LLC lifted its position in shares of America Movil by 3.6% during the third quarter. Orion Porfolio Solutions LLC now owns 12,985 shares of the Wireless communications provider’s stock worth $273,000 after purchasing an additional 455 shares during the last quarter. Axxcess Wealth Management LLC increased its stake in shares of America Movil by 1.6% during the third quarter. Axxcess Wealth Management LLC now owns 36,075 shares of the Wireless communications provider’s stock valued at $758,000 after buying an additional 560 shares during the period. Asset Management One Co. Ltd. increased its stake in shares of America Movil by 0.4% during the fourth quarter. Asset Management One Co. Ltd. now owns 160,122 shares of the Wireless communications provider’s stock valued at $3,339,000 after buying an additional 707 shares during the period. Choreo LLC increased its stake in shares of America Movil by 4.0% during the fourth quarter. Choreo LLC now owns 18,975 shares of the Wireless communications provider’s stock valued at $396,000 after buying an additional 736 shares during the period. Finally, Essex Financial Services Inc. increased its stake in shares of America Movil by 1.5% during the third quarter. Essex Financial Services Inc. now owns 53,285 shares of the Wireless communications provider’s stock valued at $1,119,000 after buying an additional 791 shares during the period. 6.30% of the stock is currently owned by institutional investors.

America Movil Price Performance

AMX opened at $26.22 on Friday. The business’s 50-day moving average is $25.79 and its two-hundred day moving average is $23.47. America Movil, S.A.B. de C.V. Unsponsored ADR has a 1 year low of $16.60 and a 1 year high of $27.80. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.72 and a quick ratio of 0.67. The firm has a market capitalization of $78.91 billion, a PE ratio of 16.70, a price-to-earnings-growth ratio of 0.96 and a beta of 0.69.

America Movil (NYSE:AMX) last posted its earnings results on Tuesday, March 31st. The Wireless communications provider reported $0.02 earnings per share (EPS) for the quarter. America Movil had a return on equity of 19.77% and a net margin of 9.23%.The company had revenue of $13.24 billion for the quarter. Research analysts anticipate that America Movil, S.A.B. de C.V. Unsponsored ADR will post 1.82 earnings per share for the current fiscal year.

Analyst Ratings Changes

AMX has been the topic of several research reports. Weiss Ratings upgraded America Movil from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday. New Street Research upgraded America Movil from a “neutral” rating to a “buy” rating in a research note on Tuesday, April 7th. Scotiabank raised their price target on America Movil from $19.50 to $21.80 and gave the company a “sector perform” rating in a research note on Monday, March 30th. UBS Group raised their price target on America Movil to $31.50 and gave the company a “buy” rating in a research note on Thursday, April 23rd. Finally, The Goldman Sachs Group initiated coverage on America Movil in a research note on Monday, May 18th. They set a “buy” rating and a $31.80 price target on the stock. One investment 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’s stock. According to MarketBeat, America Movil presently has a consensus rating of “Hold” and a consensus target price of $27.18.

America Movil Profile

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.