Oppenheimer Asset Management Inc. Grows Stock Holdings in América Móvil, S.A.B. de C.V. (NYSE:AMX)

Oppenheimer Asset Management Inc. raised its stake in América Móvil, S.A.B. de C.V. (NYSE:AMX) by 26.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 21,124 shares of the Wireless communications provider’s stock after buying an additional 4,417 shares during the period. Oppenheimer Asset Management Inc.’s holdings in América Móvil were worth $346,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in América Móvil by 13.9% in the first quarter. Vanguard Group Inc. now owns 193,965 shares of the Wireless communications provider’s stock valued at $3,619,000 after purchasing an additional 23,645 shares during the last quarter. Lazard Asset Management LLC grew its stake in América Móvil by 9.9% in the 1st quarter. Lazard Asset Management LLC now owns 12,528,301 shares of the Wireless communications provider’s stock valued at $233,777,000 after acquiring an additional 1,128,671 shares during the last quarter. Bayesian Capital Management LP purchased a new position in América Móvil during the 1st quarter valued at about $767,000. Cetera Investment Advisers raised its position in América Móvil by 43.9% during the first quarter. Cetera Investment Advisers now owns 117,758 shares of the Wireless communications provider’s stock worth $2,197,000 after acquiring an additional 35,930 shares during the last quarter. Finally, Cetera Advisors LLC lifted its holdings in shares of América Móvil by 399.5% in the first quarter. Cetera Advisors LLC now owns 79,697 shares of the Wireless communications provider’s stock valued at $1,487,000 after purchasing an additional 63,741 shares in the last quarter. 6.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the stock. Scotiabank dropped their price objective on shares of América Móvil from $17.80 to $17.30 and set a “sector perform” rating for the company in a research note on Wednesday, October 16th. The Goldman Sachs Group dropped their price target on América Móvil from $20.80 to $17.80 and set a “buy” rating for the company in a research report on Friday, November 15th. Finally, StockNews.com initiated coverage on América Móvil in a research report on Thursday, November 14th. They issued a “buy” rating on the stock. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $19.48.

América Móvil Stock Performance

Shares of AMX stock opened at $14.98 on Thursday. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.67 and a current ratio of 0.72. The firm has a market capitalization of $45.97 billion, a price-to-earnings ratio of 22.35, a price-to-earnings-growth ratio of 0.92 and a beta of 0.95. América Móvil, S.A.B. de C.V. has a one year low of $14.87 and a one year high of $20.31. The company has a 50 day moving average price of $16.14 and a 200 day moving average price of $17.08.

América Móvil (NYSE:AMX) last released its quarterly earnings data 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 firm had revenue of $11.82 billion during the quarter, compared to analyst estimates of $11.97 billion. Sell-side analysts anticipate that América Móvil, S.A.B. de C.V. will post 1.39 EPS for the current year.

América Móvil Increases Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Monday, November 18th. Shareholders of record on Friday, November 8th were given a $0.245 dividend. The ex-dividend date was Friday, November 8th. This is a positive change from América Móvil’s previous semi-annual dividend of $0.18. This represents a yield of 2%. América Móvil’s dividend payout ratio (DPR) is 35.82%.

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.