International Assets Investment Management LLC Boosts Position in América Móvil, S.A.B. de C.V. (NYSE:AMX)

International Assets Investment Management LLC increased its holdings in shares of América Móvil, S.A.B. de C.V. (NYSE:AMX) by 1,545.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 185,702 shares of the Wireless communications provider’s stock after purchasing an additional 174,414 shares during the quarter. International Assets Investment Management LLC’s holdings in América Móvil were worth $30,380,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Profund Advisors LLC lifted its stake in América Móvil by 1.7% in the second quarter. Profund Advisors LLC now owns 37,515 shares of the Wireless communications provider’s stock valued at $638,000 after buying an additional 630 shares during the last quarter. Bleakley Financial Group LLC lifted its stake in América Móvil by 1.5% in the first quarter. Bleakley Financial Group LLC now owns 58,918 shares of the Wireless communications provider’s stock valued at $1,099,000 after buying an additional 864 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its stake in América Móvil by 6.5% in the second quarter. Oppenheimer Asset Management Inc. now owns 16,707 shares of the Wireless communications provider’s stock valued at $284,000 after buying an additional 1,025 shares during the last quarter. Commonwealth Equity Services LLC lifted its stake in América Móvil by 1.2% in the first quarter. Commonwealth Equity Services LLC now owns 117,906 shares of the Wireless communications provider’s stock valued at $2,200,000 after buying an additional 1,377 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. lifted its stake in América Móvil by 3.8% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 45,816 shares of the Wireless communications provider’s stock valued at $854,000 after buying an additional 1,680 shares during the last quarter. Hedge funds and other institutional investors own 6.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. StockNews.com assumed coverage on América Móvil in a research note on Tuesday. They issued a “buy” rating for the company. The Goldman Sachs Group dropped their target price on América Móvil from $21.00 to $20.80 and set a “buy” rating on the stock in a report on Monday, October 14th. Scotiabank dropped their target price on América Móvil from $17.80 to $17.30 and set a “sector perform” rating on the stock in a report on Wednesday, October 16th. Finally, UBS Group dropped their target price on América Móvil from $23.30 to $22.60 and set a “buy” rating on the stock in a report on Thursday, July 18th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $20.08.

América Móvil Trading Up 0.6 %

Shares of AMX stock opened at $16.73 on Tuesday. The business’s fifty day moving average price is $16.52 and its 200 day moving average price is $17.44. América Móvil, S.A.B. de C.V. has a 1-year low of $15.55 and a 1-year high of $20.31. The firm has a market capitalization of $51.93 billion, a PE ratio of 15.49, a P/E/G ratio of 0.98 and a beta of 0.95. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.68 and a quick ratio of 0.63.

América Móvil Increases Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Monday, November 18th. Investors of record on Friday, November 8th will be issued a dividend of $0.245 per share. This represents a yield of 2%. The ex-dividend date of this dividend is Friday, November 8th. This is a positive change from América Móvil’s previous semi-annual dividend of $0.18. América Móvil’s dividend payout ratio is currently 22.22%.

América Móvil Company 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.