Bank of New Hampshire Reduces Stock Position in América Móvil, S.A.B. de C.V. (NYSE:AMX)

Bank of New Hampshire lessened its stake in América Móvil, S.A.B. de C.V. (NYSE:AMX) by 90.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,135 shares of the Wireless communications provider’s stock after selling 19,541 shares during the period. Bank of New Hampshire’s holdings in América Móvil were worth $31,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of AMX. Discovery Capital Management LLC CT grew its holdings 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 worth $30,532,000 after acquiring an additional 1,310,688 shares during the period. Brandes Investment Partners LP grew its stake 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 valued at $20,479,000 after purchasing an additional 33,006 shares during the period. Envestnet Asset Management Inc. increased its position in shares of 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 valued at $16,533,000 after purchasing an additional 228,856 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its position in shares of América Móvil by 19.9% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 910,988 shares of the Wireless communications provider’s stock valued at $14,904,000 after purchasing an additional 151,114 shares during the last quarter. Finally, American Century Companies Inc. lifted its stake in shares of América Móvil by 5.7% in the 2nd quarter. American Century Companies Inc. now owns 886,985 shares of the Wireless communications provider’s stock worth $15,079,000 after purchasing an additional 47,941 shares during the period. 6.30% of the stock is owned by institutional investors.

América Móvil Stock Performance

Shares of NYSE AMX opened at $14.44 on Wednesday. The stock has a market cap of $44.33 billion, a PE ratio of 21.55, a price-to-earnings-growth ratio of 1.32 and a beta of 0.93. América Móvil, S.A.B. de C.V. has a 1 year low of $13.90 and a 1 year high of $20.31. The firm has a fifty day moving average price of $14.89 and a 200-day moving average price of $16.14. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.72 and a quick ratio of 0.67.

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 analysts’ consensus estimates of $0.41 by ($0.30). The business had revenue of $11.82 billion during the quarter, compared to analysts’ expectations of $11.97 billion. América Móvil had a return on equity of 8.61% and a net margin of 4.45%. Equities analysts anticipate that América Móvil, S.A.B. de C.V. will post 0.97 earnings per share for the current fiscal year.

América Móvil Increases Dividend

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

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Scotiabank cut 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. The Goldman Sachs Group reduced their price objective 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 began coverage on América Móvil in a report on Friday, January 3rd. They issued a “buy” rating on the stock. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus 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.