Investment Partners Asset Management Inc. Sells 821 Shares of América Móvil, S.A.B. de C.V. (NYSE:AMX)

Investment Partners Asset Management Inc. decreased its position in shares of América Móvil, S.A.B. de C.V. (NYSE:AMX) by 6.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,247 shares of the Wireless communications provider’s stock after selling 821 shares during the quarter. Investment Partners Asset Management Inc.’s holdings in América Móvil were worth $229,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Capital International Investors lifted its position in América Móvil by 9.9% during the fourth quarter. Capital International Investors now owns 62,598,018 shares of the Wireless communications provider’s stock worth $1,158,783,000 after purchasing an additional 5,627,860 shares during the period. Lazard Asset Management LLC lifted its position in América Móvil by 9.1% during the third quarter. Lazard Asset Management LLC now owns 11,441,133 shares of the Wireless communications provider’s stock worth $198,159,000 after purchasing an additional 952,521 shares during the period. Schroder Investment Management Group lifted its position in América Móvil by 178.8% during the fourth quarter. Schroder Investment Management Group now owns 9,821,322 shares of the Wireless communications provider’s stock worth $181,891,000 after purchasing an additional 6,298,239 shares during the period. Oaktree Capital Management LP bought a new stake in América Móvil during the fourth quarter worth about $42,575,000. Finally, Capital International Sarl raised its stake in América Móvil by 13.5% during the fourth quarter. Capital International Sarl now owns 1,128,480 shares of the Wireless communications provider’s stock worth $20,899,000 after acquiring an additional 134,047 shares in the last quarter. Institutional investors own 6.30% of the company’s stock.

América Móvil Trading Down 0.4 %

Shares of América Móvil stock traded down $0.07 on Thursday, reaching $16.81. 541,276 shares of the company’s stock were exchanged, compared to its average volume of 1,522,509. The company has a market capitalization of $52.20 billion, a P/E ratio of 15.68, a price-to-earnings-growth ratio of 0.99 and a beta of 0.95. América Móvil, S.A.B. de C.V. has a 52 week low of $15.99 and a 52 week high of $22.26. The firm’s 50-day moving average is $18.47 and its two-hundred day moving average is $18.45. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.61 and a current ratio of 0.65.

América Móvil (NYSE:AMX) last posted its quarterly earnings results on Tuesday, April 16th. The Wireless communications provider reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.17). The business had revenue of $11.98 billion for the quarter, compared to the consensus estimate of $11.96 billion. América Móvil had a return on equity of 13.93% and a net margin of 7.28%. Sell-side analysts predict that América Móvil, S.A.B. de C.V. will post 1.45 EPS for the current fiscal year.

América Móvil Increases Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Monday, July 22nd. Shareholders of record on Friday, July 12th will be issued a dividend of $0.2608 per share. This represents a dividend yield of 2.1%. This is a boost from América Móvil’s previous semi-annual dividend of $0.18. The ex-dividend date of this dividend is Friday, July 12th. América Móvil’s dividend payout ratio is presently 24.07%.

Analyst Ratings Changes

AMX has been the subject of several research analyst reports. Scotiabank lowered their target price on América Móvil from $19.60 to $19.00 and set a “sector perform” rating for the company in a research note on Tuesday. JPMorgan Chase & Co. upped their price objective on América Móvil from $15.00 to $17.50 and gave the company an “underweight” rating in a research note on Monday, April 1st. Finally, The Goldman Sachs Group raised América Móvil from a “neutral” rating to a “buy” rating and upped their price objective for the company from $21.00 to $22.00 in a research note on Monday, April 29th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $21.69.

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 also 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.