FORA Capital LLC Takes $519,000 Position in América Móvil, S.A.B. de C.V. (NYSE:AMX)

FORA Capital LLC acquired a new stake in shares of América Móvil, S.A.B. de C.V. (NYSE:AMX) during the third quarter, Holdings Channel reports. The firm acquired 31,740 shares of the Wireless communications provider’s stock, valued at approximately $519,000.

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

Wall Street Analysts Forecast Growth

AMX has been the topic of several recent research reports. StockNews.com assumed coverage on shares of América Móvil in a research note on Friday, November 22nd. They issued a “buy” rating on the stock. Scotiabank decreased their price target on shares of 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. Finally, The Goldman Sachs Group cut their price objective on América Móvil from $20.80 to $17.80 and set a “buy” rating for the company in a research report on Friday, November 15th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, América Móvil has an average rating of “Moderate Buy” and an average price target of $19.48.

América Móvil Stock Down 0.7 %

NYSE:AMX opened at $14.71 on Friday. América Móvil, S.A.B. de C.V. has a 1-year low of $14.59 and a 1-year high of $20.31. The firm has a market capitalization of $45.16 billion, a price-to-earnings ratio of 21.96, a PEG ratio of 1.00 and a beta of 0.95. 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’s fifty day moving average price is $15.91 and its 200 day moving average price is $16.90.

América Móvil (NYSE:AMX) last posted 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 company 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%. On average, sell-side 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 company also recently declared a semi-annual dividend, which was paid on Monday, November 18th. Stockholders of record on Friday, November 8th were paid a dividend of $0.245 per share. The ex-dividend date of this dividend was Friday, November 8th. This is an increase from América Móvil’s previous semi-annual dividend of $0.18. This represents a dividend yield of 2%. América Móvil’s dividend payout ratio (DPR) is 35.82%.

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.