América Móvil, S.A.B. de C.V. (NYSE:AMX) Shares Sold by MML Investors Services LLC

MML Investors Services LLC lessened its holdings in shares of América Móvil, S.A.B. de C.V. (NYSE:AMX) by 44.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 36,697 shares of the Wireless communications provider’s stock after selling 29,466 shares during the quarter. MML Investors Services LLC’s holdings in América Móvil were worth $600,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Mirae Asset Global Investments Co. Ltd. lifted its holdings in América Móvil by 5.9% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 10,839 shares of the Wireless communications provider’s stock worth $178,000 after buying an additional 608 shares in the last quarter. Profund Advisors LLC increased its position in shares of América Móvil by 1.7% during the second quarter. Profund Advisors LLC now owns 37,515 shares of the Wireless communications provider’s stock worth $638,000 after acquiring an additional 630 shares during the period. Oppenheimer Asset Management Inc. raised its stake in shares of América Móvil by 6.5% in the second quarter. Oppenheimer Asset Management Inc. now owns 16,707 shares of the Wireless communications provider’s stock valued at $284,000 after acquiring an additional 1,025 shares in the last quarter. Allworth Financial LP raised its stake in shares of América Móvil by 46.1% in the third quarter. Allworth Financial LP now owns 4,964 shares of the Wireless communications provider’s stock valued at $81,000 after acquiring an additional 1,567 shares in the last quarter. Finally, Wealthspire Advisors LLC boosted its holdings 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 purchasing an additional 1,880 shares during the period. Hedge funds and other institutional investors own 6.30% of the company’s stock.

América Móvil Price Performance

Shares of NYSE AMX opened at $14.25 on Friday. The stock’s 50-day simple moving average is $15.46 and its 200-day simple moving average is $16.38. 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 has a market capitalization of $43.75 billion, a PE ratio of 21.27, 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 fifty-two week low of $14.10 and a fifty-two week high of $20.31.

América Móvil (NYSE:AMX) last released its quarterly earnings data 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 for the quarter, compared to analyst estimates of $11.97 billion. As a group, equities research analysts forecast that América Móvil, S.A.B. de C.V. will post 0.97 EPS for the current fiscal year.

América Móvil Increases Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Monday, November 18th. Shareholders of record on Friday, November 8th were paid a $0.245 dividend. This represents a yield of 2%. The ex-dividend date was Friday, November 8th. This is an increase from América Móvil’s previous semi-annual dividend of $0.18. América Móvil’s dividend payout ratio is currently 34.33%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. The Goldman Sachs Group cut their price target on América Móvil from $20.80 to $17.80 and set a “buy” rating on the stock in a report on Friday, November 15th. Scotiabank reduced 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 report on Wednesday, October 16th. Finally, StockNews.com initiated coverage on shares of América Móvil in a report on Friday, November 22nd. They set a “buy” rating for the company. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, 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.