Axxcess Wealth Management LLC Decreases Stock Position in América Móvil, S.A.B. de C.V. (NYSE:AMX)

Axxcess Wealth Management LLC lessened its position in América Móvil, S.A.B. de C.V. (NYSE:AMX) by 8.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,980 shares of the Wireless communications provider’s stock after selling 1,178 shares during the quarter. Axxcess Wealth Management LLC’s holdings in América Móvil were worth $212,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in AMX. Capital International Investors lifted its position in shares of América Móvil by 4.4% in the first quarter. Capital International Investors now owns 65,339,145 shares of the Wireless communications provider’s stock valued at $1,219,228,000 after acquiring an additional 2,741,127 shares in the last quarter. Discovery Capital Management LLC CT lifted its position in shares of América Móvil by 270.1% in the second quarter. Discovery Capital Management LLC CT now owns 1,795,988 shares of the Wireless communications provider’s stock valued at $30,532,000 after acquiring an additional 1,310,688 shares in the last quarter. Lazard Asset Management LLC lifted its position in shares of América Móvil by 9.9% in the first 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 in the last quarter. Capital International Inc. CA lifted its position in shares of América Móvil by 9.5% in the first quarter. Capital International Inc. CA now owns 2,986,890 shares of the Wireless communications provider’s stock valued at $55,735,000 after acquiring an additional 258,203 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings in shares of América Móvil by 30.8% in the second quarter. Envestnet Asset Management Inc. now owns 972,542 shares of the Wireless communications provider’s stock valued at $16,533,000 after purchasing an additional 228,856 shares during the last quarter. Hedge funds and other institutional investors own 6.30% of the company’s stock.

América Móvil Price Performance

AMX stock opened at $15.02 on Friday. The business has a fifty day moving average of $16.26 and a two-hundred day moving average of $17.23. The company has a quick ratio of 0.67, a current ratio of 0.72 and a debt-to-equity ratio of 0.90. The stock has a market cap of $46.10 billion, a price-to-earnings ratio of 22.78, a price-to-earnings-growth ratio of 0.93 and a beta of 0.95. América Móvil, S.A.B. de C.V. has a 52-week low of $15.00 and a 52-week high of $20.31.

América Móvil (NYSE:AMX) last posted its earnings results on Tuesday, October 15th. The Wireless communications provider reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.30). The business had revenue of $11.82 billion for the quarter, compared to analyst estimates of $11.97 billion. América Móvil had a return on equity of 8.61% and a net margin of 4.45%. As a group, research analysts anticipate that América Móvil, S.A.B. de C.V. will post 1.39 earnings per share for the current year.

América Móvil Increases Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Monday, November 18th. Shareholders of record on Friday, November 8th will be paid a dividend of $0.245 per share. 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. This represents a yield of 2%. América Móvil’s dividend payout ratio (DPR) is 35.82%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on AMX shares. UBS Group cut their price target on América Móvil from $23.30 to $22.60 and set a “buy” rating for the company in a report on Thursday, July 18th. StockNews.com started coverage on América Móvil in a report on Thursday. They issued a “buy” rating for the company. The Goldman Sachs Group cut their price target on América Móvil from $21.00 to $20.80 and set a “buy” rating for the company in a report on Monday, October 14th. Finally, Scotiabank cut their price target on América Móvil from $17.80 to $17.30 and set a “sector perform” rating for the company in a report on Wednesday, October 16th. 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 company. According to data from MarketBeat, América Móvil has a consensus rating of “Moderate Buy” and an average target price of $20.08.

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.