Rockefeller Capital Management L.P. Acquires 44,631 Shares of América Móvil, S.A.B. de C.V. (NYSE:AMX)

Rockefeller Capital Management L.P. increased its position in América Móvil, S.A.B. de C.V. (NYSE:AMX - Free Report) by 8.7% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 559,236 shares of the Wireless communications provider's stock after acquiring an additional 44,631 shares during the period. Rockefeller Capital Management L.P.'s holdings in América Móvil were worth $9,151,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the company. Hantz Financial Services Inc. grew its position in shares of América Móvil by 3.0% during the 3rd quarter. Hantz Financial Services Inc. now owns 73,650 shares of the Wireless communications provider's stock valued at $1,205,000 after acquiring an additional 2,177 shares during the period. FORA Capital LLC bought a new stake in shares of América Móvil during the 3rd quarter valued at $519,000. FMR LLC grew its position in shares of América Móvil by 125.6% during the 3rd quarter. FMR LLC now owns 65,590 shares of the Wireless communications provider's stock valued at $1,073,000 after acquiring an additional 36,520 shares during the period. Citigroup Inc. grew its position in shares of América Móvil by 32.5% during the 3rd quarter. Citigroup Inc. now owns 221,008 shares of the Wireless communications provider's stock valued at $3,616,000 after acquiring an additional 54,245 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. grew its position in shares of América Móvil by 76.0% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 736,107 shares of the Wireless communications provider's stock valued at $12,043,000 after acquiring an additional 317,800 shares during the period. 6.30% of the stock is currently owned by hedge funds and other institutional investors.

América Móvil Price Performance

Shares of NYSE AMX traded up $0.12 during mid-day trading on Wednesday, hitting $15.08. 1,720,293 shares of the company's stock traded hands, compared to its average volume of 1,576,964. The company's 50-day moving average is $15.84 and its two-hundred day moving average is $16.75. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.72 and a quick ratio of 0.67. The company has a market capitalization of $46.30 billion, a P/E ratio of 22.32, a PEG ratio of 1.07 and a beta of 0.94. América Móvil, S.A.B. de C.V. has a 1 year low of $14.59 and a 1 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 (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.30). The business had revenue of $11.82 billion for the quarter, compared to analysts' expectations of $11.97 billion. América Móvil had a net margin of 4.45% and a return on equity of 8.61%. On average, equities analysts anticipate that América Móvil, S.A.B. de C.V. will post 1.17 EPS for the current fiscal year.

América Móvil Increases Dividend

The company also recently declared a semi-annual dividend, which was paid on Monday, November 18th. Investors of record on Friday, November 8th were issued a dividend of $0.245 per share. This represents a 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 was Friday, November 8th. América Móvil's dividend payout ratio is presently 34.33%.

Analyst Ratings Changes

A number of research firms recently weighed in on AMX. StockNews.com began coverage on shares of 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 note on Wednesday, October 16th. Finally, The Goldman Sachs Group lowered their target price on shares of América Móvil from $20.80 to $17.80 and set a "buy" rating on the stock in a research note on Friday, November 15th. 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. According to MarketBeat, the stock 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.