Creative Planning Has $1.79 Million Stock Holdings in América Móvil, S.A.B. de C.V. (NYSE:AMX)

Creative Planning lowered its holdings in shares of América Móvil, S.A.B. de C.V. (NYSE:AMX) by 12.3% during the third quarter, Holdings Channel reports. The firm owned 109,535 shares of the Wireless communications provider’s stock after selling 15,352 shares during the period. Creative Planning’s holdings in América Móvil were worth $1,792,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Perfromance Wealth Partners LLC bought a new position in shares of América Móvil in the 3rd quarter valued at approximately $226,000. University of Texas Texas AM Investment Management Co. grew its holdings in América Móvil by 233.8% during the second quarter. University of Texas Texas AM Investment Management Co. now owns 36,925 shares of the Wireless communications provider’s stock valued at $628,000 after purchasing an additional 25,864 shares during the last quarter. Sanctuary Advisors LLC bought a new position in shares of América Móvil in the second quarter valued at approximately $1,146,000. Cetera Investment Advisers lifted its stake in shares of América Móvil by 18.6% in the second quarter. Cetera Investment Advisers now owns 139,669 shares of the Wireless communications provider’s stock worth $2,374,000 after buying an additional 21,911 shares during the last quarter. Finally, Brandes Investment Partners LP boosted its holdings in shares of América Móvil by 2.8% during the 2nd quarter. Brandes Investment Partners LP now owns 1,213,424 shares of the Wireless communications provider’s stock worth $20,479,000 after buying an additional 33,006 shares during the period. Institutional investors own 6.30% of the company’s stock.

América Móvil Stock Performance

NYSE:AMX opened at $16.73 on Tuesday. The firm’s 50-day moving average is $16.52 and its 200-day moving average is $17.44. The company has a market cap of $51.93 billion, a price-to-earnings ratio of 15.49, a PEG 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. América Móvil, S.A.B. de C.V. has a 52-week low of $15.55 and a 52-week high of $20.31.

América Móvil Increases Dividend

The company also recently declared a semi-annual dividend, which will be paid on Monday, November 18th. Investors of record on Friday, November 8th will be paid a dividend of $0.245 per share. This represents a yield of 2%. This is a positive change 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 currently 22.22%.

Wall Street Analyst Weigh In

Several research analysts recently commented on AMX shares. 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. The Goldman Sachs Group dropped their price objective on América Móvil from $21.00 to $20.80 and set a “buy” rating on the stock in a research note on Monday, October 14th. StockNews.com began coverage on América Móvil in a research note on Tuesday. They set a “buy” rating for the company. Finally, UBS Group lowered their target price on 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 assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $20.08.

América Móvil 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.