State Street Corp Has $1.51 Million Holdings in América Móvil, S.A.B. de C.V. (NYSE:AMX)

State Street Corp lowered its position in shares of América Móvil, S.A.B. de C.V. (NYSE:AMX - Free Report) by 33.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 92,478 shares of the Wireless communications provider's stock after selling 45,568 shares during the quarter. State Street Corp's holdings in América Móvil were worth $1,513,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. boosted its position in América Móvil by 5.9% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 10,839 shares of the Wireless communications provider's stock valued at $178,000 after purchasing an additional 608 shares during the last quarter. Profund Advisors LLC grew its stake in shares of América Móvil by 1.7% in the second quarter. Profund Advisors LLC now owns 37,515 shares of the Wireless communications provider's stock valued at $638,000 after buying an additional 630 shares in the last quarter. Oppenheimer Asset Management Inc. increased its holdings in América Móvil by 6.5% during the second quarter. Oppenheimer Asset Management Inc. now owns 16,707 shares of the Wireless communications provider's stock worth $284,000 after buying an additional 1,025 shares during the last quarter. Allworth Financial LP raised its position in América Móvil by 46.1% during the third quarter. Allworth Financial LP now owns 4,964 shares of the Wireless communications provider's stock worth $81,000 after acquiring an additional 1,567 shares in the last quarter. Finally, Wealthspire Advisors LLC lifted its stake in América Móvil by 16.0% in the second quarter. Wealthspire Advisors LLC now owns 13,656 shares of the Wireless communications provider's stock valued at $232,000 after acquiring an additional 1,880 shares during the last quarter. 6.30% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on AMX. StockNews.com initiated coverage on América Móvil in a research note on Friday. They issued a "buy" rating on the stock. Scotiabank dropped 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. Finally, The Goldman Sachs Group reduced their target price on shares of América Móvil from $20.80 to $17.80 and set a "buy" rating for the company in a report on Friday, November 15th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $19.48.

América Móvil Price Performance

Shares of AMX stock traded down $0.50 during trading on Friday, hitting $13.92. The company had a trading volume of 1,737,239 shares, compared to its average volume of 1,516,719. The firm has a market capitalization of $42.73 billion, a P/E ratio of 20.78, a price-to-earnings-growth ratio of 1.32 and a beta of 0.94. América Móvil, S.A.B. de C.V. has a one year low of $13.90 and a one year high of $20.31. 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 stock's 50-day moving average price is $15.02 and its 200 day moving average price is $16.21.

América Móvil (NYSE:AMX - Get Free Report) last released its earnings results on Tuesday, October 15th. The Wireless communications provider reported $0.11 earnings per share for the quarter, missing analysts' consensus estimates of $0.41 by ($0.30). América Móvil had a net margin of 4.45% and a return on equity of 8.61%. The company had revenue of $11.82 billion for the quarter, compared to the consensus estimate of $11.97 billion. Equities analysts expect that América Móvil, S.A.B. de C.V. will post 0.97 EPS 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. Shareholders of record on Friday, November 8th were issued a $0.245 dividend. This is a positive change from América Móvil's previous semi-annual dividend of $0.18. This represents a yield of 2%. The ex-dividend date of this dividend was Friday, November 8th. América Móvil's dividend payout ratio (DPR) is currently 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.