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

JPMorgan Chase & Co. lessened its stake in shares of América Móvil, S.A.B. de C.V. (NYSE:AMX - Free Report) by 47.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund 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 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Envestnet Asset Management Inc. grew its holdings in América Móvil by 30.8% during the second quarter. Envestnet Asset Management Inc. now owns 972,542 shares of the Wireless communications provider's stock worth $16,533,000 after acquiring an additional 228,856 shares during the period. FMR LLC grew its holdings in América Móvil by 125.6% during the third quarter. FMR LLC now owns 65,590 shares of the Wireless communications provider's stock worth $1,073,000 after acquiring an additional 36,520 shares during the period. Brandes Investment Partners LP grew its holdings in América Móvil by 2.8% during the second quarter. Brandes Investment Partners LP now owns 1,213,424 shares of the Wireless communications provider's stock worth $20,479,000 after acquiring an additional 33,006 shares during the period. Wealthspire Advisors LLC grew its holdings in América Móvil by 16.0% during the second quarter. Wealthspire Advisors LLC now owns 13,656 shares of the Wireless communications provider's stock worth $232,000 after acquiring an additional 1,880 shares during the period. Finally, Discovery Capital Management LLC CT grew its holdings in América Móvil by 270.1% during the second quarter. Discovery Capital Management LLC CT now owns 1,795,988 shares of the Wireless communications provider's stock worth $30,532,000 after acquiring an additional 1,310,688 shares during the period. Hedge funds and other institutional investors own 6.30% of the company's stock.

Analyst Ratings Changes

Several analysts have weighed in on AMX shares. StockNews.com started coverage on América Móvil in a report on Friday, January 3rd. They issued a "buy" rating on the stock. Scotiabank lowered 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, The Goldman Sachs Group lowered their target price on América Móvil from $20.80 to $17.80 and set a "buy" rating on the stock in a report on Friday, November 15th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, América Móvil currently has an average rating of "Moderate Buy" and a consensus price target of $19.48.

América Móvil Trading Down 1.6 %

Shares of América Móvil stock traded down $0.22 during trading hours on Friday, reaching $13.71. The stock had a trading volume of 1,138,342 shares, compared to its average volume of 1,471,974. The firm has a 50 day simple moving average of $14.77 and a two-hundred day simple moving average of $16.08. The firm has a market capitalization of $42.09 billion, a price-to-earnings ratio of 20.46, a P/E/G ratio of 1.32 and a beta of 0.93. The company has a current ratio of 0.72, a quick ratio of 0.67 and a debt-to-equity ratio of 0.90. América Móvil, S.A.B. de C.V. has a 1 year low of $13.68 and a 1 year high of $20.31.

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 analyst estimates of $11.97 billion. As a group, equities research analysts anticipate that América Móvil, S.A.B. de C.V. will post 0.97 earnings per share for the current year.

América Móvil Increases Dividend

The company also recently announced a semi-annual dividend, which was paid on Monday, November 18th. Stockholders of record on Friday, November 8th were given a $0.245 dividend. This is a positive change from América Móvil's previous semi-annual dividend of $0.18. The ex-dividend date was Friday, November 8th. This represents a dividend yield of 2%. América Móvil's dividend payout ratio (DPR) is presently 34.33%.

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.