América Móvil, S.A.B. de C.V. (NYSE:AMX) Stake Boosted by ABS Direct Equity Fund LLC

ABS Direct Equity Fund LLC raised its position in América Móvil, S.A.B. de C.V. (NYSE:AMX - Free Report) by 21.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 413,922 shares of the Wireless communications provider's stock after purchasing an additional 73,022 shares during the period. América Móvil comprises about 7.5% of ABS Direct Equity Fund LLC's investment portfolio, making the stock its 3rd largest position. ABS Direct Equity Fund LLC's holdings in América Móvil were worth $6,772,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AMX. Vanguard Group Inc. lifted its holdings in shares of América Móvil by 13.9% during the 1st quarter. Vanguard Group Inc. now owns 193,965 shares of the Wireless communications provider's stock worth $3,619,000 after acquiring an additional 23,645 shares during the period. Cetera Investment Advisers increased its position in América Móvil by 43.9% during the 1st quarter. Cetera Investment Advisers now owns 117,758 shares of the Wireless communications provider's stock worth $2,197,000 after purchasing an additional 35,930 shares in the last quarter. Summit Global Investments grew its position in América Móvil by 249.0% in the second quarter. Summit Global Investments now owns 48,664 shares of the Wireless communications provider's stock valued at $827,000 after acquiring an additional 34,720 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in América Móvil in the second quarter valued at approximately $192,000. Finally, Hantz Financial Services Inc. acquired a new stake in América Móvil in the second quarter valued at approximately $1,215,000. 6.30% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

AMX has been the subject of several recent research reports. The Goldman Sachs Group lowered their price objective on shares of América Móvil from $20.80 to $17.80 and set a "buy" rating for the company in a research report on Friday, November 15th. Scotiabank decreased their price target on shares of 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 started coverage on shares of América Móvil in a research report on Friday, November 22nd. They set a "buy" rating for the company. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $19.48.

América Móvil Stock Performance

AMX stock traded down $0.01 during mid-day trading on Tuesday, reaching $14.99. The company had a trading volume of 1,146,671 shares, compared to its average volume of 1,572,634. The company has a quick ratio of 0.67, a current ratio of 0.72 and a debt-to-equity ratio of 0.90. The stock has a market capitalization of $46.02 billion, a P/E ratio of 22.37, a P/E/G ratio of 1.08 and a beta of 0.94. América Móvil, S.A.B. de C.V. has a one year low of $14.59 and a one year high of $20.31. The stock's 50-day simple moving average is $15.73 and its two-hundred day simple moving average is $16.62.

América Móvil (NYSE:AMX - Get Free Report) last posted 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). América Móvil had a net margin of 4.45% and a return on equity of 8.61%. The company had revenue of $11.82 billion during the quarter, compared to the consensus estimate of $11.97 billion. Research analysts anticipate that América Móvil, S.A.B. de C.V. will post 1.17 EPS for the current year.

América Móvil Increases Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Monday, November 18th. Investors of record on Friday, November 8th were paid a dividend of $0.245 per share. This is a boost from América Móvil's previous semi-annual dividend of $0.18. This represents a dividend yield of 2%. The ex-dividend date was Friday, November 8th. América Móvil's payout ratio is currently 35.82%.

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 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.