Quantbot Technologies LP Sells 45,075 Shares of América Móvil, S.A.B. de C.V. (NYSE:AMX)

Quantbot Technologies LP decreased its stake in shares of América Móvil, S.A.B. de C.V. (NYSE:AMX) by 48.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 47,272 shares of the Wireless communications provider’s stock after selling 45,075 shares during the period. Quantbot Technologies LP’s holdings in América Móvil were worth $773,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in AMX. Envestnet Asset Management Inc. increased its holdings in 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 purchasing an additional 228,856 shares in the last quarter. Cetera Investment Advisers boosted its position in shares of 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 buying an additional 35,930 shares during the period. Cetera Advisors LLC grew its holdings in shares of América Móvil by 399.5% during the first quarter. Cetera Advisors LLC now owns 79,697 shares of the Wireless communications provider’s stock worth $1,487,000 after buying an additional 63,741 shares in the last quarter. Brandes Investment Partners LP raised its position in América Móvil by 2.8% in the 2nd quarter. Brandes Investment Partners LP now owns 1,213,424 shares of the Wireless communications provider’s stock valued at $20,479,000 after buying an additional 33,006 shares during the last quarter. Finally, Wealthspire Advisors LLC lifted its stake in América Móvil by 16.0% in the 2nd quarter. Wealthspire Advisors LLC now owns 13,656 shares of the Wireless communications provider’s stock valued at $232,000 after acquiring an additional 1,880 shares in the last quarter. 6.30% of the stock is currently owned by institutional investors and hedge funds.

América Móvil Trading Up 0.8 %

NYSE AMX opened at $14.83 on Monday. América Móvil, S.A.B. de C.V. has a 12 month low of $14.59 and a 12 month 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 stock has a 50 day moving average of $15.89 and a 200-day moving average of $16.82. The company has a market cap of $45.53 billion, a PE ratio of 22.13, a PEG ratio of 1.07 and a beta of 0.95.

América Móvil (NYSE:AMX) last issued its earnings results on Tuesday, October 15th. The Wireless communications provider reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.30). The firm had revenue of $11.82 billion during the quarter, compared to the consensus estimate of $11.97 billion. América Móvil had a net margin of 4.45% and a return on equity of 8.61%. On average, equities research analysts anticipate that América Móvil, S.A.B. de C.V. will post 1.17 EPS for the current fiscal 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 issued a $0.245 dividend. This is an increase 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 was Friday, November 8th. América Móvil’s payout ratio is currently 35.82%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. 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. Scotiabank decreased their target price on shares of América Móvil from $17.80 to $17.30 and set a “sector perform” rating for the company in a research report on Wednesday, October 16th. 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 research report on Friday, November 15th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $19.48.

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.