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

Stifel Financial Corp lessened its holdings in shares of América Móvil, S.A.B. de C.V. (NYSE:AMX) by 20.1% during the 3rd quarter, HoldingsChannel reports. The firm owned 145,285 shares of the Wireless communications provider’s stock after selling 36,563 shares during the period. Stifel Financial Corp’s holdings in América Móvil were worth $2,377,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Discovery Capital Management LLC CT boosted its stake 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 buying an additional 1,310,688 shares during the last quarter. Brandes Investment Partners LP raised its stake in América Móvil by 2.8% during the second quarter. Brandes Investment Partners LP now owns 1,213,424 shares of the Wireless communications provider’s stock worth $20,479,000 after purchasing an additional 33,006 shares during the period. Envestnet Asset Management Inc. increased its holdings 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 buying an additional 228,856 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in América Móvil by 19.9% in the third quarter. Robeco Institutional Asset Management B.V. now owns 910,988 shares of the Wireless communications provider’s stock valued at $14,904,000 after acquiring an additional 151,114 shares during the last quarter. Finally, American Century Companies Inc. grew its position in América Móvil by 5.7% in the second quarter. American Century Companies Inc. now owns 886,985 shares of the Wireless communications provider’s stock worth $15,079,000 after acquiring an additional 47,941 shares during the period. Hedge funds and other institutional investors own 6.30% of the company’s stock.

América Móvil Stock Performance

NYSE AMX opened at $14.30 on Thursday. 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 cap of $43.90 billion, a P/E ratio of 21.34, a P/E/G ratio of 1.32 and a beta of 0.94. The stock has a 50-day moving average of $15.54 and a two-hundred day moving average of $16.43. América Móvil, S.A.B. de C.V. has a 1-year low of $14.30 and a 1-year high of $20.31.

América Móvil (NYSE:AMX) last announced 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 net margin of 4.45% and a return on equity of 8.61%. The business had revenue of $11.82 billion during the quarter, compared to analyst estimates of $11.97 billion. As a group, analysts anticipate that América Móvil, S.A.B. de C.V. will post 0.97 EPS for the current year.

América Móvil Increases Dividend

The business also recently announced a semi-annual dividend, which was paid on Monday, November 18th. Investors of record on Friday, November 8th were paid a dividend of $0.245 per share. This represents a yield of 2%. This is a boost 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 payout ratio is presently 34.33%.

Analyst Ratings Changes

AMX has been the topic of several recent analyst reports. The Goldman Sachs Group decreased their price target on América Móvil from $20.80 to $17.80 and set a “buy” rating on the stock in a research note on Friday, November 15th. StockNews.com began coverage on shares of América Móvil in a research note on Friday, November 22nd. They set a “buy” rating for the company. Finally, Scotiabank reduced their price target 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. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, América Móvil currently has an average rating of “Moderate Buy” and an average target price of $19.48.

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.