Oppenheimer Asset Management Inc. Increases Stake in América Móvil, S.A.B. de C.V. (NYSE:AMX)

Oppenheimer Asset Management Inc. boosted its holdings in shares of América Móvil, S.A.B. de C.V. (NYSE:AMX) by 26.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 21,124 shares of the Wireless communications provider’s stock after buying an additional 4,417 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in América Móvil were worth $346,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Rothschild Investment LLC acquired a new position in shares of América Móvil during the second quarter worth about $59,000. CENTRAL TRUST Co lifted its stake in América Móvil by 3,500.0% in the third quarter. CENTRAL TRUST Co now owns 3,600 shares of the Wireless communications provider’s stock worth $59,000 after acquiring an additional 3,500 shares during the last quarter. Blue Trust Inc. grew its holdings in América Móvil by 195.9% during the 3rd quarter. Blue Trust Inc. now owns 3,507 shares of the Wireless communications provider’s stock worth $60,000 after acquiring an additional 2,322 shares in the last quarter. Allworth Financial LP increased its position in shares of América Móvil by 46.1% in the 3rd 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 during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of América Móvil by 5.9% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 10,839 shares of the Wireless communications provider’s stock valued at $178,000 after purchasing an additional 608 shares in the last quarter. Hedge funds and other institutional investors own 6.30% of the company’s stock.

América Móvil Stock Performance

NYSE AMX opened at $14.98 on Thursday. The company has a fifty day moving average of $16.14 and a two-hundred day moving average of $17.08. The company has a market capitalization of $45.97 billion, a PE ratio of 22.35, a P/E/G ratio of 0.92 and a beta of 0.95. América Móvil, S.A.B. de C.V. has a 1 year low of $14.87 and a 1 year high of $20.31. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.72 and a quick ratio of 0.67.

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 analysts’ consensus estimates of $0.41 by ($0.30). The firm had revenue of $11.82 billion during the quarter, compared to analyst estimates of $11.97 billion. América Móvil had a net margin of 4.45% and a return on equity of 8.61%. As a group, analysts expect that América Móvil, S.A.B. de C.V. will post 1.39 earnings per share for the current year.

América Móvil Increases Dividend

The business also recently declared a semi-annual dividend, which was paid on Monday, November 18th. Investors 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 a boost from América Móvil’s previous semi-annual dividend of $0.18. América Móvil’s payout ratio is 35.82%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on AMX shares. The Goldman Sachs Group lowered their target price 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. Scotiabank lowered their price objective 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. Finally, StockNews.com began coverage on América Móvil in a research report on Thursday, November 14th. They set a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average 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.