América Móvil, S.A.B. de C.V. (NYSE:AMX) Stake Cut by Stifel Financial Corp

Stifel Financial Corp cut its stake in shares of América Móvil, S.A.B. de C.V. (NYSE:AMX - Free Report) by 20.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 145,285 shares of the Wireless communications provider's stock after selling 36,563 shares during the quarter. Stifel Financial Corp's holdings in América Móvil were worth $2,377,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Discovery Capital Management LLC CT raised its holdings in América Móvil by 270.1% during the second quarter. Discovery Capital Management LLC CT now owns 1,795,988 shares of the Wireless communications provider's stock worth $30,532,000 after purchasing an additional 1,310,688 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of América Móvil by 76.0% in the third 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 purchasing an additional 317,800 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in shares of América Móvil by 30.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 972,542 shares of the Wireless communications provider's stock worth $16,533,000 after purchasing an additional 228,856 shares in the last quarter. AQR Capital Management LLC raised its position in shares of América Móvil by 343.1% during the 2nd quarter. AQR Capital Management LLC now owns 294,907 shares of the Wireless communications provider's stock worth $5,013,000 after purchasing an additional 228,353 shares during the last quarter. Finally, International Assets Investment Management LLC lifted its stake in América Móvil by 1,545.1% in the 3rd quarter. International Assets Investment Management LLC now owns 185,702 shares of the Wireless communications provider's stock valued at $30,380,000 after buying an additional 174,414 shares in the last quarter. Institutional investors and hedge funds own 6.30% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on AMX shares. StockNews.com began coverage on América Móvil in a research report on Friday, November 22nd. They set a "buy" rating for the company. The Goldman Sachs Group cut their target price on shares of América Móvil from $20.80 to $17.80 and set a "buy" rating for the company in a research note on Friday, November 15th. Finally, Scotiabank decreased 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. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, América Móvil presently has an average rating of "Moderate Buy" and a consensus target price of $19.48.

América Móvil Trading Down 0.6 %

Shares of NYSE:AMX traded down $0.09 during trading on Thursday, reaching $14.21. 1,276,606 shares of the stock were exchanged, compared to its average volume of 1,578,505. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.67 and a current ratio of 0.72. América Móvil, S.A.B. de C.V. has a 12-month low of $14.21 and a 12-month high of $20.31. The firm's 50-day moving average price is $15.54 and its 200 day moving average price is $16.43. The firm has a market cap of $43.62 billion, a price-to-earnings ratio of 21.21, a price-to-earnings-growth ratio of 1.32 and a beta of 0.94.

América Móvil (NYSE:AMX - Get Free Report) last released its quarterly 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 return on equity of 8.61% and a net margin of 4.45%. The company had revenue of $11.82 billion during the quarter, compared to analysts' expectations of $11.97 billion. On average, sell-side analysts anticipate 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 firm also recently announced a semi-annual dividend, which was paid on Monday, November 18th. Shareholders of record on Friday, November 8th were given a $0.245 dividend. This represents a dividend yield of 2%. This is a positive change from América Móvil's previous semi-annual dividend of $0.18. The ex-dividend date was Friday, November 8th. América Móvil's dividend 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.