Signaturefd LLC Has $178,000 Stock Holdings in América Móvil, S.A.B. de C.V. (NYSE:AMX)

Signaturefd LLC trimmed its position in América Móvil, S.A.B. de C.V. (NYSE:AMX) by 25.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 10,866 shares of the Wireless communications provider’s stock after selling 3,622 shares during the quarter. Signaturefd LLC’s holdings in América Móvil were worth $178,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Capital International Investors raised its stake in América Móvil by 4.4% in the first quarter. Capital International Investors now owns 65,339,145 shares of the Wireless communications provider’s stock valued at $1,219,228,000 after buying an additional 2,741,127 shares during the period. Discovery Capital Management LLC CT lifted its holdings in América Móvil by 270.1% during the 2nd quarter. Discovery Capital Management LLC CT now owns 1,795,988 shares of the Wireless communications provider’s stock valued at $30,532,000 after purchasing an additional 1,310,688 shares during the last quarter. Lazard Asset Management LLC lifted its holdings in América Móvil by 9.9% during the 1st quarter. Lazard Asset Management LLC now owns 12,528,301 shares of the Wireless communications provider’s stock valued at $233,777,000 after purchasing an additional 1,128,671 shares during the last quarter. Capital International Inc. CA boosted its position in América Móvil by 9.5% during the first quarter. Capital International Inc. CA now owns 2,986,890 shares of the Wireless communications provider’s stock worth $55,735,000 after purchasing an additional 258,203 shares during the period. Finally, Envestnet Asset Management Inc. increased its holdings in shares of América Móvil by 30.8% in the second quarter. Envestnet Asset Management Inc. now owns 972,542 shares of the Wireless communications provider’s stock valued at $16,533,000 after purchasing an additional 228,856 shares during the last quarter. 6.30% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently commented on AMX. UBS Group reduced their target price on shares of América Móvil from $23.30 to $22.60 and set a “buy” rating for the company in a report on Thursday, July 18th. StockNews.com cut América Móvil from a “strong-buy” rating to a “buy” rating in a report on Friday, October 18th. The Goldman Sachs Group lowered their target price on América Móvil from $21.00 to $20.80 and set a “buy” rating on the stock in a research note on Monday, October 14th. Finally, Scotiabank reduced their price target on América Móvil from $17.80 to $17.30 and set a “sector perform” rating for the company in a research note on Wednesday, October 16th. 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 company. Based on data from MarketBeat, América Móvil presently has a consensus rating of “Moderate Buy” and an average price target of $20.08.

América Móvil Stock Up 0.3 %

NYSE AMX opened at $16.62 on Monday. The company has a current ratio of 0.68, a quick ratio of 0.63 and a debt-to-equity ratio of 0.98. The company has a market cap of $51.61 billion, a price-to-earnings ratio of 15.39, a PEG ratio of 0.98 and a beta of 0.95. The company has a 50 day moving average of $16.53 and a 200-day moving average of $17.45. América Móvil, S.A.B. de C.V. has a 1-year low of $15.55 and a 1-year high of $20.31.

América Móvil Increases Dividend

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

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.