América Móvil, S.A.B. de C.V. (NYSE:AMX) Shares Sold by Assetmark Inc.

Assetmark Inc. reduced its position in América Móvil, S.A.B. de C.V. (NYSE:AMX - Free Report) by 37.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 136,816 shares of the Wireless communications provider's stock after selling 80,738 shares during the period. Assetmark Inc.'s holdings in América Móvil were worth $2,238,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Capital International Investors increased its stake in shares of América Móvil by 4.4% during the 1st quarter. Capital International Investors now owns 65,339,145 shares of the Wireless communications provider's stock worth $1,219,228,000 after purchasing an additional 2,741,127 shares in the last quarter. Discovery Capital Management LLC CT increased its position 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 buying an additional 1,310,688 shares in the last quarter. Lazard Asset Management LLC raised its holdings in shares of América Móvil by 9.9% in the first quarter. Lazard Asset Management LLC now owns 12,528,301 shares of the Wireless communications provider's stock worth $233,777,000 after acquiring an additional 1,128,671 shares during the last quarter. Capital International Inc. CA raised its holdings in shares of América Móvil by 9.5% in 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 acquiring an additional 258,203 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its position 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 acquiring an additional 228,856 shares in the last quarter. 6.30% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently weighed in on AMX. UBS Group cut their target price on shares of América Móvil from $23.30 to $22.60 and set a "buy" rating for the company in a research note on Thursday, July 18th. StockNews.com began coverage on shares of América Móvil in a research report on Thursday. They issued a "buy" rating for the company. Scotiabank decreased their target price 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, The Goldman Sachs Group cut their price target on América Móvil from $21.00 to $20.80 and set a "buy" rating for the company in a report on Monday, October 14th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $20.08.

América Móvil Trading Down 1.6 %

NYSE:AMX traded down $0.25 during trading hours on Thursday, reaching $15.01. 1,395,427 shares of the company were exchanged, compared to its average volume of 1,547,009. The firm has a market cap of $46.08 billion, a price-to-earnings ratio of 22.78, a PEG ratio of 0.93 and a beta of 0.95. The stock has a 50 day simple moving average of $16.26 and a 200 day simple moving average of $17.23. América Móvil, S.A.B. de C.V. has a 52-week low of $15.00 and a 52-week 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 - Get Free Report) last issued its earnings results on Tuesday, October 15th. The Wireless communications provider reported $0.11 earnings per share for the quarter, missing the consensus estimate 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. As a group, analysts predict that América Móvil, S.A.B. de C.V. will post 1.39 EPS for the current year.

América Móvil Increases Dividend

The company also recently announced a semi-annual dividend, which will be paid on Monday, November 18th. Stockholders of record on Friday, November 8th will be issued a dividend of $0.245 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a dividend yield of 2%. This is a boost from América Móvil's previous semi-annual dividend of $0.18. América Móvil's payout ratio is presently 35.82%.

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.