América Móvil, S.A.B. de C.V. (NYSE:AMX) Shares Acquired by Barclays PLC

Barclays PLC increased its stake in shares of América Móvil, S.A.B. de C.V. (NYSE:AMX) by 36,692.9% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 150,115 shares of the Wireless communications provider’s stock after purchasing an additional 149,707 shares during the period. Barclays PLC’s holdings in América Móvil were worth $2,456,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. International Assets Investment Management LLC purchased a new position in shares of América Móvil in the second quarter valued at $192,000. Hantz Financial Services Inc. purchased a new position in América Móvil in the 2nd quarter valued at about $1,215,000. Rothschild Investment LLC purchased a new position in América Móvil in the 2nd quarter valued at about $59,000. Essex Financial Services Inc. acquired a new stake in shares of América Móvil during the second quarter valued at about $890,000. Finally, Rockline Wealth Management LLC purchased a new stake in shares of América Móvil during the second quarter worth about $213,000. Hedge funds and other institutional investors own 6.30% of the company’s stock.

América Móvil Price Performance

Shares of AMX opened at $14.21 on Thursday. América Móvil, S.A.B. de C.V. has a 52 week low of $13.90 and a 52 week high of $20.31. The company has a current ratio of 0.72, a quick ratio of 0.67 and a debt-to-equity ratio of 0.90. The firm has a market cap of $43.62 billion, a price-to-earnings ratio of 21.21, a PEG ratio of 1.32 and a beta of 0.94. The stock has a 50 day moving average of $15.37 and a 200-day moving average of $16.32.

América Móvil (NYSE:AMX) last released its earnings results on Tuesday, October 15th. The Wireless communications provider reported $0.11 earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $11.97 billion. As a group, analysts forecast that América Móvil, S.A.B. de C.V. will post 0.97 EPS for the current 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 issued a $0.245 dividend. The ex-dividend date was Friday, November 8th. This represents a yield of 2%. This is a boost from América Móvil’s previous semi-annual dividend of $0.18. América Móvil’s dividend payout ratio (DPR) is currently 34.33%.

Analyst Ratings Changes

AMX has been the subject of a number of analyst reports. Scotiabank reduced their price target on América Móvil from $17.80 to $17.30 and set a “sector perform” rating for the company in a report on Wednesday, October 16th. StockNews.com initiated coverage on shares of América Móvil in a research report on Friday, November 22nd. They set a “buy” rating for the company. Finally, The Goldman Sachs Group cut their price target on shares of América Móvil from $20.80 to $17.80 and set a “buy” rating on the stock in a report on Friday, November 15th. One research 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. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target 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.