Citigroup Inc. Buys 54,245 Shares of América Móvil, S.A.B. de C.V. (NYSE:AMX)

Citigroup Inc. boosted its holdings in América Móvil, S.A.B. de C.V. (NYSE:AMX - Free Report) by 32.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 221,008 shares of the Wireless communications provider's stock after buying an additional 54,245 shares during the period. Citigroup Inc.'s holdings in América Móvil were worth $3,616,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Rothschild Investment LLC acquired a new stake in shares of América Móvil during the 2nd quarter worth approximately $59,000. CENTRAL TRUST Co boosted its stake in América Móvil by 3,500.0% in the 3rd 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 in the last quarter. Blue Trust Inc. boosted its stake in América Móvil by 195.9% in the third quarter. Blue Trust Inc. now owns 3,507 shares of the Wireless communications provider's stock worth $60,000 after purchasing an additional 2,322 shares in the last quarter. Allworth Financial LP boosted its stake in América Móvil by 46.1% in the third quarter. Allworth Financial LP now owns 4,964 shares of the Wireless communications provider's stock worth $81,000 after purchasing an additional 1,567 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in shares of América Móvil by 5.9% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 10,839 shares of the Wireless communications provider's stock worth $178,000 after acquiring an additional 608 shares during the last quarter. 6.30% of the stock is owned by institutional investors.

América Móvil Stock Performance

NYSE:AMX traded up $0.01 on Thursday, hitting $15.09. The company's stock had a trading volume of 1,256,614 shares, compared to its average volume of 1,575,606. The company has a current ratio of 0.72, a quick ratio of 0.67 and a debt-to-equity ratio of 0.90. The stock has a fifty day moving average of $15.82 and a two-hundred day moving average of $16.74. The firm has a market capitalization of $46.33 billion, a P/E ratio of 22.50, a price-to-earnings-growth 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.

América Móvil (NYSE:AMX - Get Free Report) last announced its earnings results on Tuesday, October 15th. The Wireless communications provider reported $0.11 earnings per share for the quarter, missing analysts' consensus estimates of $0.41 by ($0.30). The firm had revenue of $11.82 billion for the quarter, compared to the consensus estimate of $11.97 billion. América Móvil had a return on equity of 8.61% and a net margin of 4.45%. Research analysts predict that América Móvil, S.A.B. de C.V. will post 1.17 earnings per share for the current year.

América Móvil Increases Dividend

The firm also recently announced a semi-annual dividend, which was paid on Monday, November 18th. Shareholders of record on Friday, November 8th were issued a $0.245 dividend. This represents a dividend yield of 2%. The ex-dividend date of this dividend was Friday, November 8th. This is an increase from América Móvil's previous semi-annual dividend of $0.18. América Móvil's dividend payout ratio (DPR) is currently 35.82%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Scotiabank dropped their price objective on América Móvil from $17.80 to $17.30 and set a "sector perform" rating for the company in a report on Wednesday, October 16th. The Goldman Sachs Group decreased their target price on América Móvil from $20.80 to $17.80 and set a "buy" rating for the company in a research note on Friday, November 15th. Finally, StockNews.com assumed coverage on América Móvil in a research note on Friday, November 22nd. They issued a "buy" rating for the company. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, América Móvil presently has an average rating of "Moderate Buy" and an average target price 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.