Public Employees Retirement System of Ohio Takes $1.34 Million Position in América Móvil, S.A.B. de C.V. (NYSE:AMX)

Public Employees Retirement System of Ohio acquired a new position in shares of América Móvil, S.A.B. de C.V. (NYSE:AMX - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 81,941 shares of the Wireless communications provider's stock, valued at approximately $1,341,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. EP Wealth Advisors LLC purchased a new position in shares of América Móvil in the 3rd quarter valued at $177,000. Quantinno Capital Management LP acquired a new position in América Móvil in the third quarter valued at $234,000. Rockefeller Capital Management L.P. grew its holdings in shares of América Móvil by 8.7% during the third quarter. Rockefeller Capital Management L.P. now owns 559,236 shares of the Wireless communications provider's stock worth $9,151,000 after purchasing an additional 44,631 shares during the last quarter. Hantz Financial Services Inc. increased its position in shares of América Móvil by 3.0% during the third quarter. Hantz Financial Services Inc. now owns 73,650 shares of the Wireless communications provider's stock worth $1,205,000 after purchasing an additional 2,177 shares in the last quarter. Finally, FORA Capital LLC purchased a new stake in shares of América Móvil in the 3rd quarter valued at about $519,000. Institutional investors and hedge funds own 6.30% of the company's stock.

Analyst Upgrades and Downgrades

AMX has been the topic of a number of research reports. StockNews.com assumed coverage on América Móvil in a research note on Friday, November 22nd. They set a "buy" rating on the stock. Scotiabank lowered 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 target price on shares of América Móvil from $20.80 to $17.80 and set a "buy" rating on the stock in a report on Friday, November 15th. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, América Móvil currently has an average rating of "Moderate Buy" and a consensus price target of $19.48.

América Móvil Stock Performance

América Móvil stock traded down $0.09 during mid-day trading on Thursday, reaching $14.21. 1,276,606 shares of the company were exchanged, compared to its average volume of 1,578,505. The firm has a market cap of $43.62 billion, a PE ratio of 21.21, a price-to-earnings-growth ratio of 1.32 and a beta of 0.94. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.67 and a current ratio of 0.72. The firm's 50-day simple moving average is $15.50 and its two-hundred day simple moving average is $16.41. América Móvil, S.A.B. de C.V. has a twelve month low of $14.21 and a twelve month high of $20.31.

América Móvil (NYSE:AMX - Get Free Report) last issued its quarterly 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). The company had revenue of $11.82 billion for the quarter, compared to analyst estimates of $11.97 billion. América Móvil had a return on equity of 8.61% and a net margin of 4.45%. Equities analysts predict that América Móvil, S.A.B. de C.V. will post 0.97 earnings per share for the current fiscal year.

América Móvil Increases Dividend

The company also recently announced a semi-annual dividend, which was paid on Monday, November 18th. Stockholders of record on Friday, November 8th were issued a $0.245 dividend. This is an increase from América Móvil's previous semi-annual dividend of $0.18. The ex-dividend date of this dividend was Friday, November 8th. This represents a dividend yield of 2%. América Móvil's payout ratio is presently 34.33%.

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.