ABS Direct Equity Fund LLC Invests $6.32 Million in América Móvil, S.A.B. de C.V. (NYSE:AMX)

ABS Direct Equity Fund LLC purchased a new stake in shares of América Móvil, S.A.B. de C.V. (NYSE:AMX) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 341,000 shares of the Wireless communications provider’s stock, valued at approximately $6,315,000. América Móvil comprises about 5.9% of ABS Direct Equity Fund LLC’s investment portfolio, making the stock its 4th largest holding.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AMX. Asset Management One Co. Ltd. grew its position in América Móvil by 148.1% in the 3rd quarter. Asset Management One Co. Ltd. now owns 200,690 shares of the Wireless communications provider’s stock valued at $3,476,000 after acquiring an additional 119,788 shares during the last quarter. Raymond James & Associates increased its stake in América Móvil by 4.1% in the 3rd quarter. Raymond James & Associates now owns 201,144 shares of the Wireless communications provider’s stock worth $3,484,000 after buying an additional 7,969 shares during the period. Raymond James Financial Services Advisors Inc. lifted its holdings in América Móvil by 31.5% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 91,714 shares of the Wireless communications provider’s stock valued at $1,588,000 after buying an additional 21,985 shares in the last quarter. Whittier Trust Co. boosted its position in América Móvil by 4.0% in the 3rd quarter. Whittier Trust Co. now owns 45,187 shares of the Wireless communications provider’s stock valued at $782,000 after buying an additional 1,723 shares during the period. Finally, TIAA Trust National Association bought a new position in América Móvil in the 3rd quarter worth about $258,000. 6.30% of the stock is owned by hedge funds and other institutional investors.

América Móvil Stock Up 2.5 %

Shares of AMX stock traded up $0.47 during mid-day trading on Friday, hitting $19.34. 1,105,188 shares of the stock traded hands, compared to its average volume of 1,244,333. América Móvil, S.A.B. de C.V. has a 52-week low of $15.99 and a 52-week high of $23.07. The stock has a market cap of $60.05 billion, a P/E ratio of 17.91, a P/E/G ratio of 1.36 and a beta of 0.96. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.67 and a quick ratio of 0.63. The stock’s fifty day moving average is $18.73 and its two-hundred day moving average is $18.19.

América Móvil (NYSE:AMX) last posted its quarterly earnings data on Tuesday, February 13th. The Wireless communications provider reported $0.33 EPS for the quarter, topping the consensus estimate of $0.25 by $0.08. The firm had revenue of $11.45 billion during the quarter, compared to analyst estimates of $11.92 billion. América Móvil had a net margin of 7.28% and a return on equity of 13.93%. Equities analysts predict that América Móvil, S.A.B. de C.V. will post 1.51 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on AMX shares. UBS Group lifted their price target on shares of América Móvil from $21.00 to $22.80 and gave the company a “buy” rating in a research note on Tuesday, January 16th. StockNews.com upgraded América Móvil from a “hold” rating to a “buy” rating in a report on Thursday, February 15th. The Goldman Sachs Group upgraded América Móvil from a “neutral” rating to a “buy” rating and raised their price target for the company from $21.00 to $22.00 in a research note on Monday, April 29th. 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 note on Friday, February 16th. Finally, Scotiabank boosted their price target on shares of América Móvil from $16.60 to $17.20 and gave the company a “sector perform” rating in a report on Thursday, April 25th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $22.08.

About América Móvil

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.