Robeco Institutional Asset Management B.V. Buys 151,114 Shares of América Móvil, S.A.B. de C.V. (NYSE:AMX)

Robeco Institutional Asset Management B.V. grew its holdings in shares of América Móvil, S.A.B. de C.V. (NYSE:AMX - Free Report) by 19.9% in the third quarter, according to its most recent filing with the SEC. The firm owned 910,988 shares of the Wireless communications provider's stock after acquiring an additional 151,114 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in América Móvil were worth $14,904,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of AMX. Capital International Investors raised its position in América Móvil by 4.4% in the first quarter. Capital International Investors now owns 65,339,145 shares of the Wireless communications provider's stock worth $1,219,228,000 after acquiring an additional 2,741,127 shares in the last quarter. Lazard Asset Management LLC raised its position in shares of América Móvil by 9.9% during the first quarter. Lazard Asset Management LLC now owns 12,528,301 shares of the Wireless communications provider's stock worth $233,777,000 after purchasing an additional 1,128,671 shares during the period. Capital International Inc. CA lifted its holdings in shares of América Móvil by 9.5% during the first quarter. Capital International Inc. CA now owns 2,986,890 shares of the Wireless communications provider's stock valued at $55,735,000 after purchasing an additional 258,203 shares during the last quarter. Capital Group Private Client Services Inc. boosted its position in shares of América Móvil by 3.1% in the 1st quarter. Capital Group Private Client Services Inc. now owns 2,606,773 shares of the Wireless communications provider's stock valued at $48,642,000 after purchasing an additional 79,550 shares during the period. Finally, Discovery Capital Management LLC CT raised its holdings in América Móvil by 270.1% during the 2nd quarter. Discovery Capital Management LLC CT now owns 1,795,988 shares of the Wireless communications provider's stock worth $30,532,000 after buying an additional 1,310,688 shares during the period. Institutional investors own 6.30% of the company's stock.

América Móvil Stock Down 0.9 %

AMX traded down $0.14 during trading on Thursday, reaching $15.90. 2,028,851 shares of the stock traded hands, compared to its average volume of 1,554,528. The stock's 50-day simple moving average is $16.36 and its two-hundred day simple moving average is $17.34. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.68 and a quick ratio of 0.63. América Móvil, S.A.B. de C.V. has a fifty-two week low of $15.17 and a fifty-two week high of $20.31. The stock has a market cap of $49.05 billion, a price-to-earnings ratio of 23.94, a price-to-earnings-growth ratio of 0.95 and a beta of 0.95.

América Móvil Increases Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Monday, November 18th. Investors of record on Friday, November 8th will be issued a $0.245 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a yield of 2%. This is an increase from América Móvil's previous semi-annual dividend of $0.18. América Móvil's dividend payout ratio is currently 35.82%.

Analysts Set New Price Targets

AMX has been the subject of a number of recent analyst reports. StockNews.com assumed coverage on shares of América Móvil in a research note on Wednesday. They issued a "buy" rating for the company. The Goldman Sachs Group decreased their target price on 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 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 decreased their price objective on 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 analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $20.08.

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.