Sequoia Financial Advisors LLC Trims Stake in América Móvil, S.A.B. de C.V. (NYSE:AMX)

Sequoia Financial Advisors LLC lessened its stake in América Móvil, S.A.B. de C.V. (NYSE:AMX) by 12.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,244 shares of the Wireless communications provider’s stock after selling 1,605 shares during the period. Sequoia Financial Advisors LLC’s holdings in América Móvil were worth $184,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Headlands Technologies LLC increased 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 worth $81,000 after buying an additional 3,539 shares during the period. Capstone Investment Advisors LLC purchased a new position in América Móvil in the 1st quarter worth about $1,353,000. Envestnet Asset Management Inc. increased its stake in América Móvil by 30.8% in 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 period. Cetera Investment Advisers increased its stake in América Móvil by 43.9% in the 1st quarter. Cetera Investment Advisers now owns 117,758 shares of the Wireless communications provider’s stock worth $2,197,000 after buying an additional 35,930 shares during the period. Finally, Seven Eight Capital LP purchased a new position in América Móvil in the 1st quarter worth about $679,000. Hedge funds and other institutional investors own 6.30% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on AMX. StockNews.com began coverage on shares of América Móvil in a report on Tuesday. They set a “buy” rating on the stock. The Goldman Sachs Group dropped their target price on shares of América Móvil from $21.00 to $20.80 and set a “buy” rating on the stock in a report on Monday, October 14th. Scotiabank dropped 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, UBS Group dropped their target price on shares of América Móvil from $23.30 to $22.60 and set a “buy” rating on the stock in a report on Thursday, July 18th. One investment 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’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $20.08.

América Móvil Stock Down 3.6 %

NYSE:AMX opened at $16.11 on Wednesday. América Móvil, S.A.B. de C.V. has a fifty-two week low of $15.55 and a fifty-two week high of $20.31. The stock has a market capitalization of $50.02 billion, a P/E ratio of 14.92, a P/E/G ratio of 0.98 and a beta of 0.95. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.63 and a current ratio of 0.68. The company’s 50-day simple moving average is $16.50 and its 200-day simple moving average is $17.42.

América Móvil Increases Dividend

The company also recently declared a semi-annual dividend, which will be paid on Monday, November 18th. Stockholders of record on Friday, November 8th will be issued a $0.245 dividend. This is a boost from América Móvil’s previous semi-annual dividend of $0.18. This represents a dividend yield of 2%. The ex-dividend date of this dividend is Friday, November 8th. América Móvil’s dividend payout ratio (DPR) is currently 22.22%.

América Móvil Company 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.