International Assets Investment Management LLC Acquires 174,414 Shares of América Móvil, S.A.B. de C.V. (NYSE:AMX)

International Assets Investment Management LLC increased its position in América Móvil, S.A.B. de C.V. (NYSE:AMX - Free Report) by 1,545.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 185,702 shares of the Wireless communications provider's stock after acquiring an additional 174,414 shares during the quarter. International Assets Investment Management LLC's holdings in América Móvil were worth $30,380,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Headlands Technologies LLC grew its stake in shares of América Móvil by 448.5% in the first quarter. Headlands Technologies LLC now owns 4,328 shares of the Wireless communications provider's stock worth $81,000 after acquiring an additional 3,539 shares during the last quarter. Capstone Investment Advisors LLC bought a new stake in shares of América Móvil in the 1st quarter worth approximately $1,353,000. Envestnet Asset Management Inc. lifted its position in shares of América Móvil by 30.8% in the 2nd 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. Cetera Investment Advisers lifted its position in shares of América Móvil by 43.9% in the 1st quarter. Cetera Investment Advisers now owns 117,758 shares of the Wireless communications provider's stock worth $2,197,000 after acquiring an additional 35,930 shares during the period. Finally, Seven Eight Capital LP bought a new stake in shares of América Móvil in the 1st quarter worth approximately $679,000. Institutional investors and hedge funds own 6.30% of the company's stock.

América Móvil Trading Down 3.6 %

NYSE:AMX traded down $0.61 during trading hours on Tuesday, hitting $16.11. 1,399,425 shares of the stock were exchanged, compared to its average volume of 1,554,061. The company's 50 day moving average is $16.50 and its two-hundred day moving average is $17.42. América Móvil, S.A.B. de C.V. has a twelve month low of $15.55 and a twelve month high of $20.31. The company has a quick ratio of 0.63, a current ratio of 0.68 and a debt-to-equity ratio of 0.98. The company has a market capitalization of $50.02 billion, a P/E ratio of 14.92, a price-to-earnings-growth ratio of 0.98 and a beta of 0.95.

América Móvil Increases Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Monday, November 18th. Shareholders of record on Friday, November 8th will be issued a dividend of $0.245 per share. This represents a yield of 2%. The ex-dividend date is Friday, November 8th. This is a positive change from América Móvil's previous semi-annual dividend of $0.18. América Móvil's payout ratio is currently 22.22%.

Wall Street Analysts Forecast Growth

AMX has been the subject of several recent research reports. The Goldman Sachs Group dropped their price target on shares of América Móvil from $21.00 to $20.80 and set a "buy" rating for the company in a research report on Monday, October 14th. UBS Group dropped their price target on shares of América Móvil from $23.30 to $22.60 and set a "buy" rating for the company in a research report on Thursday, July 18th. StockNews.com initiated coverage on shares of América Móvil in a research report on Tuesday. They issued a "buy" rating for the company. Finally, Scotiabank dropped their price target on shares of América Móvil from $17.80 to $17.30 and set a "sector perform" rating for the company in a research report on Wednesday, October 16th. 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 company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $20.08.

América Móvil Company 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.