State of New Jersey Common Pension Fund D Has $3.74 Million Stake in América Móvil, S.A.B. de C.V. (NYSE:AMX)

State of New Jersey Common Pension Fund D increased its holdings in shares of América Móvil, S.A.B. de C.V. (NYSE:AMX) by 23.4% during the fourth quarter, Holdings Channel reports. The fund owned 261,054 shares of the Wireless communications provider’s stock after acquiring an additional 49,471 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in América Móvil were worth $3,736,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the business. Blue Trust Inc. increased its holdings in shares of América Móvil by 195.9% in the third quarter. Blue Trust Inc. now owns 3,507 shares of the Wireless communications provider’s stock valued at $60,000 after purchasing an additional 2,322 shares during the last quarter. International Assets Investment Management LLC grew its stake in América Móvil by 1,545.1% in the 3rd quarter. International Assets Investment Management LLC now owns 185,702 shares of the Wireless communications provider’s stock valued at $30,380,000 after buying an additional 174,414 shares during the last quarter. CENTRAL TRUST Co raised its holdings in América Móvil by 3,500.0% in the 3rd quarter. CENTRAL TRUST Co now owns 3,600 shares of the Wireless communications provider’s stock valued at $59,000 after acquiring an additional 3,500 shares during the period. Allworth Financial LP lifted its position in América Móvil by 46.1% during the third quarter. Allworth Financial LP now owns 4,964 shares of the Wireless communications provider’s stock worth $81,000 after acquiring an additional 1,567 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in América Móvil by 5.9% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 10,839 shares of the Wireless communications provider’s stock worth $178,000 after acquiring an additional 608 shares during the last quarter. Institutional investors own 6.30% of the company’s stock.

América Móvil Stock Down 4.1 %

Shares of AMX opened at $14.56 on Thursday. The stock has a market capitalization of $44.68 billion, a price-to-earnings ratio of 29.70, a PEG ratio of 0.75 and a beta of 0.93. América Móvil, S.A.B. de C.V. has a 52 week low of $13.63 and a 52 week high of $20.31. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.67 and a current ratio of 0.72. The stock has a fifty day moving average of $14.32 and a 200-day moving average of $15.49.

América Móvil (NYSE:AMX) last announced its quarterly earnings results on Wednesday, February 12th. The Wireless communications provider reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.27). América Móvil had a net margin of 3.25% and a return on equity of 6.38%. As a group, sell-side analysts anticipate that América Móvil, S.A.B. de C.V. will post 1.6 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have weighed in on AMX shares. The Goldman Sachs Group dropped 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 note on Wednesday. StockNews.com raised América Móvil from a “buy” rating to a “strong-buy” rating in a report on Thursday, February 13th. Scotiabank reduced their price target on shares of 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. Finally, JPMorgan Chase & Co. lowered their price objective on shares of América Móvil from $17.00 to $15.00 and set an “underweight” rating for the company in a research report on Thursday, January 16th. 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 company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $17.15.

América Móvil Profile

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.