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

Rockefeller Capital Management L.P. increased its position in America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) by 55.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,150,649 shares of the Wireless communications provider’s stock after purchasing an additional 408,125 shares during the period. Rockefeller Capital Management L.P.’s holdings in America Movil were worth $23,784,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Larry Mathis Financial Planning LLC bought a new position in shares of America Movil in the fourth quarter worth approximately $274,000. Corient Private Wealth LLC increased its position in shares of America Movil by 0.7% during the fourth quarter. Corient Private Wealth LLC now owns 66,920 shares of the Wireless communications provider’s stock valued at $1,383,000 after acquiring an additional 468 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its holdings in America Movil by 152,100.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 7,610 shares of the Wireless communications provider’s stock worth $157,000 after acquiring an additional 7,605 shares during the last quarter. Compound Planning Inc. raised its holdings in America Movil by 29.9% in the 4th quarter. Compound Planning Inc. now owns 20,981 shares of the Wireless communications provider’s stock worth $434,000 after acquiring an additional 4,825 shares during the last quarter. Finally, Axxcess Wealth Management LLC lifted its position in America Movil by 1.2% in the 4th quarter. Axxcess Wealth Management LLC now owns 36,505 shares of the Wireless communications provider’s stock valued at $755,000 after acquiring an additional 430 shares in the last quarter. 6.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AMX has been the topic of several recent analyst reports. Wall Street Zen cut America Movil from a “strong-buy” rating to a “buy” rating in a research report on Sunday. JPMorgan Chase & Co. boosted their target price on America Movil from $24.50 to $30.00 and gave the stock a “neutral” rating in a research report on Thursday, May 14th. Scotiabank lowered 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 research note on Wednesday, May 27th. UBS Group raised their price target on shares of America Movil to $31.50 and gave the company a “buy” rating in a report on Thursday, April 23rd. Finally, Weiss Ratings upgraded shares of America Movil from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 18th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $28.16.

America Movil Trading Down 1.6%

America Movil stock opened at $26.05 on Tuesday. The stock has a market cap of $78.40 billion, a P/E ratio of 16.59, a PEG ratio of 0.84 and a beta of 0.66. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.72 and a quick ratio of 0.67. America Movil, S.A.B. de C.V. Unsponsored ADR has a 1 year low of $16.88 and a 1 year high of $28.46. The firm’s 50 day moving average price is $26.34 and its 200-day moving average price is $23.92.

America Movil (NYSE:AMX) last issued its earnings results on Tuesday, March 31st. The Wireless communications provider reported $0.02 earnings per share for the quarter. The firm 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%. On average, equities analysts predict that America Movil, S.A.B. de C.V. Unsponsored ADR will post 1.91 earnings per share for the current fiscal year.

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.