Barclays PLC Raises Stock Holdings in América Móvil, S.A.B. de C.V. (NYSE:AMX)

Barclays PLC boosted its position in América Móvil, S.A.B. de C.V. (NYSE:AMX - Free Report) by 36,692.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 150,115 shares of the Wireless communications provider's stock after acquiring an additional 149,707 shares during the period. Barclays PLC's holdings in América Móvil were worth $2,456,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in AMX. Rothschild Investment LLC acquired a new stake in América Móvil in the 2nd quarter valued at $59,000. CENTRAL TRUST Co grew its holdings in shares of América Móvil by 3,500.0% during the third quarter. CENTRAL TRUST Co now owns 3,600 shares of the Wireless communications provider's stock valued at $59,000 after buying an additional 3,500 shares during the last quarter. Blue Trust Inc. increased its position in shares of América Móvil by 195.9% during the third quarter. Blue Trust Inc. now owns 3,507 shares of the Wireless communications provider's stock worth $60,000 after acquiring an additional 2,322 shares in the last quarter. Allworth Financial LP raised its holdings in shares of América Móvil by 46.1% in the 3rd quarter. Allworth Financial LP now owns 4,964 shares of the Wireless communications provider's stock worth $81,000 after acquiring an additional 1,567 shares during the last quarter. Finally, EP Wealth Advisors LLC acquired a new position in América Móvil during the 3rd quarter valued at about $177,000. Institutional investors and hedge funds own 6.30% of the company's stock.

América Móvil Stock Performance

NYSE:AMX traded up $0.18 on Thursday, reaching $14.39. 2,369,381 shares of the company's stock were exchanged, compared to its average volume of 1,587,013. The firm has a market cap of $44.18 billion, a price-to-earnings ratio of 21.48, a P/E/G ratio of 1.32 and a beta of 0.94. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.72 and a quick ratio of 0.67. The stock has a fifty day simple moving average of $15.32 and a 200-day simple moving average of $16.31. América Móvil, S.A.B. de C.V. has a 52 week low of $13.90 and a 52 week high of $20.31.

América Móvil (NYSE:AMX - Get Free Report) last released its quarterly earnings data 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). The company had revenue of $11.82 billion for the quarter, compared to the consensus estimate of $11.97 billion. América Móvil had a net margin of 4.45% and a return on equity of 8.61%. As a group, sell-side analysts predict 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 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. The ex-dividend date was Friday, November 8th. This represents a yield of 2%. This is a boost from América Móvil's previous semi-annual dividend of $0.18. América Móvil's payout ratio is currently 34.33%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on AMX shares. The Goldman Sachs Group dropped 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. Scotiabank cut their price objective on shares of 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, StockNews.com began coverage on shares of América Móvil in a report on Friday, November 22nd. They issued a "buy" rating for the company. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, América Móvil presently has an average rating of "Moderate Buy" and a consensus price target of $19.48.

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.