Atlas Capital Advisors LLC Reduces Holdings in América Móvil, S.A.B. de C.V. (NYSE:AMX)

Atlas Capital Advisors LLC lessened its stake in América Móvil, S.A.B. de C.V. (NYSE:AMX) by 79.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,786 shares of the Wireless communications provider’s stock after selling 6,716 shares during the period. Atlas Capital Advisors LLC’s holdings in América Móvil were worth $33,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Schroder Investment Management Group increased its position in América Móvil by 178.8% during the fourth quarter. Schroder Investment Management Group now owns 9,821,322 shares of the Wireless communications provider’s stock worth $181,891,000 after buying an additional 6,298,239 shares during the period. Capital International Investors raised its holdings in shares of América Móvil by 9.9% in the fourth quarter. Capital International Investors now owns 62,598,018 shares of the Wireless communications provider’s stock valued at $1,158,783,000 after buying an additional 5,627,860 shares during the last quarter. Oaktree Capital Management LP acquired a new stake in shares of América Móvil during the fourth quarter worth about $42,575,000. Russell Investments Group Ltd. acquired a new position in América Móvil in the 4th quarter valued at about $20,341,000. Finally, Lazard Asset Management LLC raised its stake in América Móvil by 9.1% during the 3rd quarter. Lazard Asset Management LLC now owns 11,441,133 shares of the Wireless communications provider’s stock valued at $198,159,000 after acquiring an additional 952,521 shares during the last quarter. Institutional investors and hedge funds own 6.30% of the company’s stock.

América Móvil Trading Down 0.7 %

Shares of América Móvil stock opened at $16.77 on Friday. América Móvil, S.A.B. de C.V. has a 1 year low of $15.99 and a 1 year high of $22.26. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.65 and a quick ratio of 0.61. The business has a 50 day moving average price of $18.47 and a 200 day moving average price of $18.45. The company has a market capitalization of $52.07 billion, a P/E ratio of 15.53, a P/E/G ratio of 0.99 and a beta of 0.95.

América Móvil (NYSE:AMX) last released its quarterly earnings results on Tuesday, April 16th. The Wireless communications provider reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.17). The company had revenue of $11.98 billion during the quarter, compared to analyst estimates of $11.96 billion. América Móvil had a return on equity of 13.93% and a net margin of 7.28%. Sell-side analysts anticipate that América Móvil, S.A.B. de C.V. will post 1.45 EPS for the current fiscal year.

América Móvil Increases Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Monday, July 22nd. Shareholders of record on Friday, July 12th will be issued a $0.2608 dividend. The ex-dividend date of this dividend is Friday, July 12th. This is an increase from América Móvil’s previous semi-annual dividend of $0.18. This represents a yield of 2.1%. América Móvil’s payout ratio is 24.07%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. JPMorgan Chase & Co. boosted their target price on América Móvil from $15.00 to $17.50 and gave the company an “underweight” rating in a report on Monday, April 1st. StockNews.com began coverage on América Móvil in a research note on Friday. They set a “buy” rating on the stock. Scotiabank lowered their price target on América Móvil from $19.60 to $19.00 and set a “sector perform” rating on the stock in a report on Tuesday. Finally, The Goldman Sachs Group raised América Móvil from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $21.00 to $22.00 in a report on Monday, April 29th. One analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $21.69.

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.