State of New Jersey Common Pension Fund D Has $7.31 Million Holdings in América Móvil, S.A.B. de C.V. (NYSE:AMX)

State of New Jersey Common Pension Fund D increased its position in shares of América Móvil, S.A.B. de C.V. (NYSE:AMX) by 38.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 394,498 shares of the Wireless communications provider’s stock after buying an additional 110,457 shares during the period. State of New Jersey Common Pension Fund D’s holdings in América Móvil were worth $7,306,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in AMX. Allworth Financial LP increased its holdings in América Móvil by 198.8% during the third quarter. Allworth Financial LP now owns 1,808 shares of the Wireless communications provider’s stock worth $31,000 after buying an additional 1,203 shares during the last quarter. NBC Securities Inc. bought a new stake in shares of América Móvil in the third quarter valued at about $31,000. Motco bought a new stake in shares of América Móvil in the third quarter valued at about $36,000. Sound Income Strategies LLC boosted its position in shares of América Móvil by 1,729.5% in the fourth quarter. Sound Income Strategies LLC now owns 2,415 shares of the Wireless communications provider’s stock valued at $45,000 after acquiring an additional 2,283 shares during the period. Finally, Bank of Nova Scotia bought a new stake in shares of América Móvil in the third quarter valued at about $173,000. 6.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on AMX. Jefferies Financial Group raised shares of América Móvil from a “hold” rating to a “buy” rating and upped their price objective for the stock from $19.16 to $22.22 in a research report on Friday, February 16th. StockNews.com raised shares of América Móvil from a “hold” rating to a “buy” rating in a research report on Thursday, February 15th. UBS Group upped their price objective on shares of América Móvil from $21.00 to $22.80 and gave the stock a “buy” rating in a research report on Tuesday, January 16th. JPMorgan Chase & Co. boosted their target price on América Móvil from $15.00 to $17.50 and gave the stock an “underweight” rating in a research note on Monday, April 1st. Finally, Scotiabank boosted their target price on América Móvil from $16.60 to $17.20 and gave the stock a “sector perform” rating in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $21.97.

América Móvil Trading Up 2.8 %

Shares of América Móvil stock traded up $0.52 on Friday, hitting $18.82. The stock had a trading volume of 1,331,412 shares, compared to its average volume of 1,403,601. The stock has a 50 day moving average of $18.68 and a 200 day moving average of $18.10. América Móvil, S.A.B. de C.V. has a twelve month low of $15.99 and a twelve month high of $23.07. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.63 and a current ratio of 0.67. The firm has a market capitalization of $58.81 billion, a P/E ratio of 17.31, a PEG ratio of 1.29 and a beta of 0.98.

América Móvil (NYSE:AMX) last released its earnings results on Tuesday, February 13th. The Wireless communications provider reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.08. The business had revenue of $11.45 billion during the quarter, compared to the consensus estimate of $11.92 billion. América Móvil had a net margin of 7.28% and a return on equity of 14.07%. Sell-side analysts expect that América Móvil, S.A.B. de C.V. will post 1.51 earnings per share for the current fiscal year.

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 also 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.