HighTower Advisors LLC Has $429,000 Position in América Móvil, S.A.B. de C.V. (NYSE:AMX)

HighTower Advisors LLC lessened its position in shares of América Móvil, S.A.B. de C.V. (NYSE:AMX) by 3.1% in the third quarter, HoldingsChannel.com reports. The fund owned 26,375 shares of the Wireless communications provider’s stock after selling 853 shares during the period. HighTower Advisors LLC’s holdings in América Móvil were worth $429,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Rothschild Investment LLC bought a new stake in shares of América Móvil during the 2nd quarter worth $59,000. Blue Trust Inc. raised its stake in América Móvil by 195.9% during the third quarter. Blue Trust Inc. now owns 3,507 shares of the Wireless communications provider’s stock worth $60,000 after acquiring an additional 2,322 shares in the last quarter. CENTRAL TRUST Co lifted its holdings in shares of América Móvil by 3,500.0% in the third quarter. CENTRAL TRUST Co now owns 3,600 shares of the Wireless communications provider’s stock worth $59,000 after acquiring an additional 3,500 shares during the last quarter. Allworth Financial LP boosted its stake in shares of América Móvil by 46.1% in the 3rd quarter. Allworth Financial LP now owns 4,964 shares of the Wireless communications provider’s stock valued at $81,000 after purchasing an additional 1,567 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of América Móvil by 5.9% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 10,839 shares of the Wireless communications provider’s stock valued at $178,000 after purchasing an additional 608 shares in the last quarter. Institutional investors and hedge funds own 6.30% of the company’s stock.

América Móvil Stock Performance

Shares of América Móvil stock opened at $14.25 on Friday. The company has a market cap of $43.75 billion, a P/E ratio of 21.27, a PEG ratio of 1.32 and a beta of 0.94. 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 business has a 50-day moving average price of $15.46 and a two-hundred day moving average price of $16.38. América Móvil, S.A.B. de C.V. has a 1-year low of $14.10 and a 1-year high of $20.31.

América Móvil (NYSE:AMX) last issued its quarterly 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 during the quarter, compared to analyst estimates of $11.97 billion. América Móvil had a net margin of 4.45% and a return on equity of 8.61%. As a group, analysts anticipate that América Móvil, S.A.B. de C.V. will post 0.97 EPS for the current year.

América Móvil Increases Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Monday, November 18th. Shareholders of record on Friday, November 8th were paid a $0.245 dividend. This represents a yield of 2%. The ex-dividend date was Friday, November 8th. This is a boost from América Móvil’s previous semi-annual dividend of $0.18. América Móvil’s dividend payout ratio (DPR) is 34.33%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. The Goldman Sachs Group lowered their price target on shares of América Móvil from $20.80 to $17.80 and set a “buy” rating for the company in a report on Friday, November 15th. StockNews.com assumed coverage on América Móvil in a report on Friday, November 22nd. They issued a “buy” rating for the company. Finally, Scotiabank dropped their target price on 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. One investment 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. Based on data from MarketBeat.com, América Móvil currently has a consensus rating of “Moderate Buy” and an average target price of $19.48.

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.