Caprock Group LLC Cuts Stake in América Móvil, S.A.B. de C.V. (NYSE:AMX)

Caprock Group LLC lessened its stake in shares of América Móvil, S.A.B. de C.V. (NYSE:AMX) by 27.3% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 11,141 shares of the Wireless communications provider’s stock after selling 4,188 shares during the quarter. Caprock Group LLC’s holdings in América Móvil were worth $182,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in AMX. Discovery Capital Management LLC CT grew its stake in shares of América Móvil by 270.1% during the 2nd quarter. Discovery Capital Management LLC CT now owns 1,795,988 shares of the Wireless communications provider’s stock worth $30,532,000 after acquiring an additional 1,310,688 shares during the period. Envestnet Asset Management Inc. increased its stake 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 worth $16,533,000 after purchasing an additional 228,856 shares in the last quarter. AQR Capital Management LLC raised its position in shares of América Móvil by 343.1% in the second quarter. AQR Capital Management LLC now owns 294,907 shares of the Wireless communications provider’s stock valued at $5,013,000 after purchasing an additional 228,353 shares during the period. International Assets Investment Management LLC lifted its stake in shares of América Móvil by 1,545.1% during the 3rd quarter. International Assets Investment Management LLC now owns 185,702 shares of the Wireless communications provider’s stock valued at $30,380,000 after buying an additional 174,414 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its holdings in América Móvil by 19.9% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 910,988 shares of the Wireless communications provider’s stock worth $14,904,000 after buying an additional 151,114 shares during the period. Institutional investors own 6.30% of the company’s stock.

América Móvil Trading Down 1.4 %

América Móvil stock opened at $14.81 on Tuesday. The stock has a market cap of $45.47 billion, a P/E ratio of 22.10, a PEG ratio of 1.01 and a beta of 0.95. América Móvil, S.A.B. de C.V. has a fifty-two week low of $14.77 and a fifty-two week high of $20.31. The firm’s fifty day moving average price is $16.04 and its 200-day moving average price is $16.97. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.67 and a current ratio of 0.72.

América Móvil (NYSE:AMX) last released its quarterly earnings results 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 business had revenue of $11.82 billion during the quarter, compared to analysts’ expectations of $11.97 billion. Equities research analysts forecast that América Móvil, S.A.B. de C.V. will post 1.25 earnings per share for the current fiscal year.

América Móvil Increases Dividend

The business also recently announced a semi-annual dividend, which was paid on Monday, November 18th. Shareholders of record on Friday, November 8th were given a dividend of $0.245 per share. The ex-dividend date of this dividend 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 payout ratio is presently 35.82%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on AMX. Scotiabank dropped their target price on América Móvil from $17.80 to $17.30 and set a “sector perform” rating on the stock in a research report on Wednesday, October 16th. The Goldman Sachs Group cut their target price on América Móvil from $20.80 to $17.80 and set a “buy” rating for the company in a research note on Friday, November 15th. Finally, StockNews.com initiated coverage on América Móvil in a research report on Friday. They set a “buy” rating on the stock. One equities research 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. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $19.48.

About América Móvil

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.