América Móvil, S.A.B. de C.V. (NYSE:AMX) Shares Sold by Advisors Asset Management Inc.

Advisors Asset Management Inc. decreased its holdings in América Móvil, S.A.B. de C.V. (NYSE:AMX) by 53.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 19,818 shares of the Wireless communications provider’s stock after selling 22,361 shares during the quarter. Advisors Asset Management Inc.’s holdings in América Móvil were worth $324,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of AMX. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of América Móvil by 5.9% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 10,839 shares of the Wireless communications provider’s stock worth $178,000 after buying an additional 608 shares during the period. Profund Advisors LLC increased its holdings in América Móvil by 1.7% in the 2nd quarter. Profund Advisors LLC now owns 37,515 shares of the Wireless communications provider’s stock worth $638,000 after acquiring an additional 630 shares in the last quarter. Oppenheimer Asset Management Inc. raised its position in América Móvil by 6.5% during the second quarter. Oppenheimer Asset Management Inc. now owns 16,707 shares of the Wireless communications provider’s stock worth $284,000 after acquiring an additional 1,025 shares during the period. Allworth Financial LP lifted its holdings 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 valued at $81,000 after purchasing an additional 1,567 shares in the last quarter. Finally, Wealthspire Advisors LLC grew its position in shares of América Móvil by 16.0% in the second quarter. Wealthspire Advisors LLC now owns 13,656 shares of the Wireless communications provider’s stock valued at $232,000 after purchasing an additional 1,880 shares during the period. Hedge funds and other institutional investors own 6.30% of the company’s stock.

América Móvil Trading Down 0.7 %

Shares of América Móvil stock opened at $14.71 on Friday. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.72 and a quick ratio of 0.67. The stock’s 50 day simple moving average is $15.91 and its 200-day simple moving average is $16.90. The stock has a market cap of $45.16 billion, a P/E ratio of 21.96, a P/E/G ratio of 1.00 and a beta of 0.95. América Móvil, S.A.B. de C.V. has a 1-year low of $14.59 and a 1-year high of $20.31.

América Móvil (NYSE:AMX) last released its quarterly earnings data on Tuesday, October 15th. The Wireless communications provider reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.30). The company had revenue of $11.82 billion for the quarter, compared to analyst estimates of $11.97 billion. América Móvil had a return on equity of 8.61% and a net margin of 4.45%. Analysts predict that América Móvil, S.A.B. de C.V. will post 1.25 EPS for the current fiscal year.

América Móvil Increases Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Monday, November 18th. Investors of record on Friday, November 8th were issued a $0.245 dividend. The ex-dividend date was Friday, November 8th. This represents a dividend yield of 2%. This is a positive change from América Móvil’s previous semi-annual dividend of $0.18. América Móvil’s dividend payout ratio is currently 35.82%.

Analysts Set New Price Targets

Several research analysts recently weighed in on AMX shares. The Goldman Sachs Group reduced their price target on shares of América Móvil from $20.80 to $17.80 and set a “buy” rating for the company in a research report on Friday, November 15th. StockNews.com started coverage on América Móvil in a research report on Friday, November 22nd. They issued a “buy” rating on the stock. Finally, Scotiabank dropped their price target on América Móvil from $17.80 to $17.30 and set a “sector perform” rating for the company in a research report on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $19.48.

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 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.