Quantinno Capital Management LP Invests $234,000 in América Móvil, S.A.B. de C.V. (NYSE:AMX)

Quantinno Capital Management LP acquired a new stake in shares of América Móvil, S.A.B. de C.V. (NYSE:AMX) in the third quarter, HoldingsChannel reports. The firm acquired 14,273 shares of the Wireless communications provider’s stock, valued at approximately $234,000.

Several other hedge funds also recently bought and sold shares of AMX. Rockefeller Capital Management L.P. boosted its stake in shares of América Móvil by 8.7% during the third quarter. Rockefeller Capital Management L.P. now owns 559,236 shares of the Wireless communications provider’s stock valued at $9,151,000 after purchasing an additional 44,631 shares during the period. Hantz Financial Services Inc. lifted its holdings in América Móvil by 3.0% during the 3rd quarter. Hantz Financial Services Inc. now owns 73,650 shares of the Wireless communications provider’s stock valued at $1,205,000 after buying an additional 2,177 shares in the last quarter. FORA Capital LLC bought a new stake in América Móvil during the 3rd quarter valued at about $519,000. FMR LLC boosted its position in América Móvil by 125.6% in the 3rd quarter. FMR LLC now owns 65,590 shares of the Wireless communications provider’s stock valued at $1,073,000 after buying an additional 36,520 shares during the period. Finally, Citigroup Inc. grew its stake in América Móvil by 32.5% in the 3rd quarter. Citigroup Inc. now owns 221,008 shares of the Wireless communications provider’s stock worth $3,616,000 after acquiring an additional 54,245 shares in the last quarter. Institutional investors own 6.30% of the company’s stock.

América Móvil Stock Down 3.0 %

Shares of América Móvil stock opened at $14.54 on Tuesday. América Móvil, S.A.B. de C.V. has a 52-week low of $14.51 and a 52-week high of $20.31. The firm’s 50 day moving average price is $15.60 and its 200-day moving average price is $16.47. The company has a quick ratio of 0.67, a current ratio of 0.72 and a debt-to-equity ratio of 0.90. The company has a market cap of $44.62 billion, a P/E ratio of 21.69, a PEG ratio of 1.32 and a beta of 0.94.

América Móvil (NYSE:AMX) last released its quarterly earnings results on Tuesday, October 15th. The Wireless communications provider reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.30). América Móvil had a return on equity of 8.61% and a net margin of 4.45%. The firm had revenue of $11.82 billion during the quarter, compared to analysts’ expectations of $11.97 billion. On average, sell-side analysts predict that América Móvil, S.A.B. de C.V. will post 0.97 EPS for the current fiscal year.

América Móvil Increases Dividend

The firm also recently announced a semi-annual dividend, which was paid on Monday, November 18th. Investors of record on Friday, November 8th were given a dividend of $0.245 per share. This is a positive change from América Móvil’s previous semi-annual dividend of $0.18. This represents a yield of 2%. The ex-dividend date was Friday, November 8th. América Móvil’s dividend payout ratio is currently 34.33%.

Wall Street Analyst Weigh In

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

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.