Bank of New Hampshire Cuts Stock Holdings in América Móvil, S.A.B. de C.V. (NYSE:AMX)

Bank of New Hampshire lowered its stake in América Móvil, S.A.B. de C.V. (NYSE:AMX) by 90.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,135 shares of the Wireless communications provider’s stock after selling 19,541 shares during the quarter. Bank of New Hampshire’s holdings in América Móvil were worth $31,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in AMX. Discovery Capital Management LLC CT lifted its position in shares of América Móvil by 270.1% in the second quarter. Discovery Capital Management LLC CT now owns 1,795,988 shares of the Wireless communications provider’s stock worth $30,532,000 after buying an additional 1,310,688 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its stake in América Móvil by 76.0% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 736,107 shares of the Wireless communications provider’s stock worth $12,043,000 after acquiring an additional 317,800 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of América Móvil by 30.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 972,542 shares of the Wireless communications provider’s stock worth $16,533,000 after acquiring an additional 228,856 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of América Móvil by 343.1% during the 2nd quarter. AQR Capital Management LLC now owns 294,907 shares of the Wireless communications provider’s stock valued at $5,013,000 after acquiring an additional 228,353 shares during the last quarter. Finally, International Assets Investment Management LLC grew its holdings in shares of América Móvil by 1,545.1% in the third quarter. International Assets Investment Management LLC now owns 185,702 shares of the Wireless communications provider’s stock valued at $30,380,000 after purchasing an additional 174,414 shares in the last quarter. Institutional investors own 6.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on AMX shares. Scotiabank decreased their price target on shares of América Móvil from $17.80 to $17.30 and set a “sector perform” rating on the stock in a research note on Wednesday, October 16th. StockNews.com initiated coverage on shares of América Móvil in a research report on Friday, January 3rd. They set a “buy” rating on the stock. Finally, The Goldman Sachs Group dropped their price target on América Móvil from $20.80 to $17.80 and set a “buy” rating for the company in a research report on Friday, November 15th. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, América Móvil currently has an average rating of “Moderate Buy” and an average price target of $19.48.

América Móvil Price Performance

América Móvil stock opened at $14.44 on Wednesday. The firm has a market capitalization of $44.33 billion, a PE ratio of 21.55, a price-to-earnings-growth ratio of 1.32 and a beta of 0.93. América Móvil, S.A.B. de C.V. has a 12-month low of $13.90 and a 12-month high of $20.31. The firm has a 50-day moving average price of $14.89 and a 200-day moving average price of $16.14. The company has a current ratio of 0.72, a quick ratio of 0.67 and a debt-to-equity ratio of 0.90.

América Móvil (NYSE:AMX) last announced its 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). The business had revenue of $11.82 billion for the quarter, compared to analysts’ expectations of $11.97 billion. América Móvil had a net margin of 4.45% and a return on equity of 8.61%. As a group, equities research analysts forecast that América Móvil, S.A.B. de C.V. will post 0.97 EPS for the current year.

América Móvil Increases Dividend

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

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.