Ritholtz Wealth Management Has $315,000 Holdings in América Móvil, S.A.B. de C.V. (NYSE:AMX)

Ritholtz Wealth Management lessened its position in shares of América Móvil, S.A.B. de C.V. (NYSE:AMX) by 45.9% during the 3rd quarter, Holdings Channel.com reports. The firm owned 19,276 shares of the Wireless communications provider’s stock after selling 16,334 shares during the quarter. Ritholtz Wealth Management’s holdings in América Móvil were worth $315,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Private Ocean LLC acquired a new stake in shares of América Móvil during the 1st quarter worth approximately $26,000. Sound Income Strategies LLC boosted its stake in América Móvil by 43.5% in the 1st quarter. Sound Income Strategies LLC now owns 3,466 shares of the Wireless communications provider’s stock valued at $65,000 after buying an additional 1,051 shares in the last quarter. Rothschild Investment LLC acquired a new stake in América Móvil in the 2nd quarter valued at $59,000. Headlands Technologies LLC boosted its stake in América Móvil by 448.5% in the 1st quarter. Headlands Technologies LLC now owns 4,328 shares of the Wireless communications provider’s stock valued at $81,000 after buying an additional 3,539 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. boosted its stake in América Móvil by 32.5% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 8,177 shares of the Wireless communications provider’s stock valued at $153,000 after buying an additional 2,007 shares in the last quarter. Institutional investors and hedge funds own 6.30% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on AMX shares. Scotiabank decreased their price target on América Móvil from $17.80 to $17.30 and set a “sector perform” rating on the stock in a research note on Wednesday. The Goldman Sachs Group decreased their target price on América Móvil from $21.00 to $20.80 and set a “buy” rating on the stock in a report on Monday. UBS Group decreased their target price on América Móvil from $23.30 to $22.60 and set a “buy” rating on the stock in a report on Thursday, July 18th. Finally, StockNews.com started coverage on América Móvil in a report on Thursday, October 10th. They set a “strong-buy” rating on the stock. One research analyst has rated the stock with a sell rating, one has given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $20.32.

América Móvil Trading Up 2.0 %

NYSE:AMX opened at $16.77 on Thursday. América Móvil, S.A.B. de C.V. has a 1-year low of $15.55 and a 1-year high of $20.31. The business’s 50-day moving average price is $16.57 and its two-hundred day moving average price is $17.55. The company has a current ratio of 0.68, a quick ratio of 0.63 and a debt-to-equity ratio of 0.98. The firm has a market capitalization of $52.07 billion, a price-to-earnings ratio of 15.53, a PEG ratio of 0.98 and a beta of 0.95.

América Móvil (NYSE:AMX) last released its earnings results on Tuesday, July 16th. The Wireless communications provider reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.36). América Móvil had a net margin of 3.98% and a return on equity of 7.73%. The company had revenue of $11.93 billion during the quarter, compared to analyst estimates of $12.37 billion. On average, equities analysts expect that América Móvil, S.A.B. de C.V. will post 1.39 earnings per share for the current year.

América Móvil Increases Dividend

The firm also recently declared a dividend, which will be paid on Monday, November 18th. Stockholders of record on Friday, November 8th will be given a dividend of $0.245 per share. The ex-dividend date of this dividend is Friday, November 8th. This is a positive change from América Móvil’s previous dividend of $0.18. América Móvil’s dividend payout ratio (DPR) is currently 24.07%.

About América Móvil

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.