América Móvil, S.A.B. de C.V. (NYSE:AMX) Stock Holdings Lowered by Bleakley Financial Group LLC

Bleakley Financial Group LLC reduced its stake in shares of América Móvil, S.A.B. de C.V. (NYSE:AMX - Free Report) by 67.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,566 shares of the Wireless communications provider's stock after selling 37,222 shares during the period. Bleakley Financial Group LLC's holdings in América Móvil were worth $287,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in AMX. Private Ocean LLC acquired a new position in shares of América Móvil in the 1st quarter valued at about $26,000. Rothschild Investment LLC acquired a new position in shares of América Móvil in the 2nd quarter valued at about $59,000. Sound Income Strategies LLC boosted its holdings in shares of América Móvil by 43.5% in the 1st quarter. Sound Income Strategies LLC now owns 3,466 shares of the Wireless communications provider's stock valued at $65,000 after buying an additional 1,051 shares during the period. Headlands Technologies LLC boosted its holdings in shares of América Móvil by 448.5% in the 1st quarter. Headlands Technologies LLC now owns 4,328 shares of the Wireless communications provider's stock valued at $81,000 after buying an additional 3,539 shares during the period. Finally, Benjamin F. Edwards & Company Inc. boosted its holdings in shares of América Móvil by 32.5% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 8,177 shares of the Wireless communications provider's stock valued at $153,000 after buying an additional 2,007 shares during the period. 6.30% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. The Goldman Sachs Group cut their price objective on shares of América Móvil from $21.00 to $20.80 and set a "buy" rating on the stock in a research report on Monday, October 14th. StockNews.com downgraded shares of América Móvil from a "strong-buy" rating to a "buy" rating in a research report on Friday, October 18th. UBS Group cut their price objective on shares of América Móvil from $23.30 to $22.60 and set a "buy" rating on the stock in a research report on Thursday, July 18th. Finally, 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 research report on Wednesday, October 16th. One equities 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. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $20.08.

América Móvil Price Performance

Shares of AMX stock traded down $0.07 during midday trading on Thursday, reaching $16.57. 1,544,447 shares of the company were exchanged, compared to its average volume of 1,557,841. América Móvil, S.A.B. de C.V. has a 12 month low of $15.55 and a 12 month high of $20.31. The company has a market cap of $51.43 billion, a P/E ratio of 15.34, a PEG ratio of 0.98 and a beta of 0.95. The company's 50 day moving average price is $16.56 and its two-hundred day moving average price is $17.49. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.63 and a current ratio of 0.68.

América Móvil Increases Dividend

The business also recently declared a semi-annual dividend, which will be paid on Monday, November 18th. Shareholders of record on Friday, November 8th will be given a dividend of $0.245 per share. This represents a dividend yield of 2%. This is an increase from América Móvil's previous semi-annual dividend of $0.18. The ex-dividend date of this dividend is Friday, November 8th. América Móvil's payout ratio is 22.22%.

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.