América Móvil, S.A.B. de C.V. (NYSE:AMX) Stock Position Raised by CENTRAL TRUST Co

CENTRAL TRUST Co increased its holdings in shares of América Móvil, S.A.B. de C.V. (NYSE:AMX) by 3,500.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,600 shares of the Wireless communications provider’s stock after acquiring an additional 3,500 shares during the quarter. CENTRAL TRUST Co’s holdings in América Móvil were worth $59,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. International Assets Investment Management LLC lifted its holdings in shares of 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 worth $30,380,000 after purchasing an additional 174,414 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of América Móvil by 195.9% during the third quarter. Blue Trust Inc. now owns 3,507 shares of the Wireless communications provider’s stock valued at $60,000 after acquiring an additional 2,322 shares during the period. Harbour Capital Advisors LLC grew its position in shares of América Móvil by 64.3% during the third quarter. Harbour Capital Advisors LLC now owns 44,700 shares of the Wireless communications provider’s stock worth $721,000 after acquiring an additional 17,500 shares during the last quarter. NBC Securities Inc. increased its holdings in shares of América Móvil by 17.7% in the 3rd quarter. NBC Securities Inc. now owns 19,748 shares of the Wireless communications provider’s stock worth $323,000 after acquiring an additional 2,967 shares during the period. Finally, Perfromance Wealth Partners LLC bought a new stake in América Móvil in the 3rd quarter valued at about $226,000. 6.30% of the stock is currently owned by institutional investors and hedge funds.

América Móvil Stock Performance

Shares of AMX opened at $16.62 on Monday. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.68 and a quick ratio of 0.63. The firm’s 50 day moving average is $16.53 and its 200-day moving average is $17.45. América Móvil, S.A.B. de C.V. has a 12-month low of $15.55 and a 12-month high of $20.31. The stock has a market capitalization of $51.61 billion, a P/E ratio of 15.39, a P/E/G ratio of 0.98 and a beta of 0.95.

América Móvil Increases Dividend

The business also recently announced a semi-annual dividend, which will be paid on Monday, November 18th. Investors of record on Friday, November 8th will be issued a $0.245 dividend. This represents a dividend 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 is Friday, November 8th. América Móvil’s payout ratio is presently 22.22%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on AMX. The Goldman Sachs Group cut their price target on América Móvil from $21.00 to $20.80 and set a “buy” rating on the stock in a report on Monday, October 14th. UBS Group reduced their price target on América Móvil from $23.30 to $22.60 and set a “buy” rating for the company in a research report on Thursday, July 18th. Scotiabank lowered their price target on 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 downgraded shares of América Móvil from a “strong-buy” rating to a “buy” rating in a report on Friday, October 18th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, América Móvil presently has a consensus rating of “Moderate Buy” and a consensus price target of $20.08.

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.