América Móvil, S.A.B. de C.V. (NYSE:AMX) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. cut its holdings in shares of América Móvil, S.A.B. de C.V. (NYSE:AMX) by 47.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 841,335 shares of the Wireless communications provider’s stock after selling 745,980 shares during the quarter. JPMorgan Chase & Co.’s holdings in América Móvil were worth $13,764,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of AMX. ABS Direct Equity Fund LLC increased its position in shares of América Móvil by 21.4% during the third quarter. ABS Direct Equity Fund LLC now owns 413,922 shares of the Wireless communications provider’s stock valued at $6,772,000 after acquiring an additional 73,022 shares during the last quarter. Barclays PLC raised its position in América Móvil by 36,692.9% in the third quarter. Barclays PLC now owns 150,115 shares of the Wireless communications provider’s stock valued at $2,456,000 after purchasing an additional 149,707 shares during the period. Public Employees Retirement System of Ohio acquired a new position in América Móvil during the third quarter worth $1,341,000. EP Wealth Advisors LLC acquired a new position in América Móvil during the third quarter worth $177,000. Finally, Quantinno Capital Management LP purchased a new position in shares of América Móvil during the third quarter worth $234,000. 6.30% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

América Móvil Stock Performance

Shares of AMX opened at $13.71 on Friday. América Móvil, S.A.B. de C.V. has a 1 year low of $13.68 and a 1 year high of $20.31. The stock has a market capitalization of $42.09 billion, a PE ratio of 20.46, a PEG ratio of 1.32 and a beta of 0.93. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.67 and a current ratio of 0.72. The stock has a 50-day simple moving average of $14.77 and a 200-day simple moving average of $16.08.

América Móvil (NYSE:AMX) last issued its quarterly 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). 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, analysts predict that América Móvil, S.A.B. de C.V. will post 0.97 earnings per share 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 issued a $0.245 dividend. This represents a yield of 2%. The ex-dividend date was 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 34.33%.

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.