Personal CFO Solutions LLC cut its holdings in shares of América Móvil, S.A.B. de C.V. (NYSE:AMX – Free Report) by 14.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 10,521 shares of the Wireless communications provider’s stock after selling 1,778 shares during the quarter. Personal CFO Solutions LLC’s holdings in América Móvil were worth $228,000 at the end of the most recent reporting period.
A number of other institutional investors also recently bought and sold shares of the business. Commonwealth Equity Services LLC raised its position in América Móvil by 4.1% during the 2nd quarter. Commonwealth Equity Services LLC now owns 122,749 shares of the Wireless communications provider’s stock worth $2,656,000 after buying an additional 4,824 shares during the last quarter. Quadrant Capital Group LLC raised its position in América Móvil by 27.3% during the 2nd quarter. Quadrant Capital Group LLC now owns 11,135 shares of the Wireless communications provider’s stock worth $241,000 after buying an additional 2,390 shares during the last quarter. Checchi Capital Advisers LLC raised its position in América Móvil by 8.3% during the 2nd quarter. Checchi Capital Advisers LLC now owns 15,283 shares of the Wireless communications provider’s stock worth $331,000 after buying an additional 1,165 shares during the last quarter. Citigroup Inc. raised its position in América Móvil by 48.9% during the 2nd quarter. Citigroup Inc. now owns 60,241 shares of the Wireless communications provider’s stock worth $1,304,000 after buying an additional 19,794 shares during the last quarter. Finally, Beverly Hills Private Wealth LLC increased its holdings in shares of América Móvil by 69.2% during the 2nd quarter. Beverly Hills Private Wealth LLC now owns 24,793 shares of the Wireless communications provider’s stock valued at $494,000 after purchasing an additional 10,139 shares in the last quarter. 5.55% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on AMX shares. StockNews.com lowered shares of América Móvil from a “buy” rating to a “hold” rating in a report on Tuesday. The Goldman Sachs Group dropped their price objective on shares of América Móvil from $20.50 to $19.00 and set a “neutral” rating for the company in a report on Wednesday, October 25th. HSBC raised shares of América Móvil from a “hold” rating to a “buy” rating and set a $21.50 target price for the company in a research note on Friday, October 20th. Bank of America raised shares of América Móvil from a “neutral” rating to a “buy” rating and increased their target price for the stock from $23.00 to $25.00 in a research note on Thursday, October 5th. Finally, Jefferies Financial Group began coverage on shares of América Móvil in a research report on Tuesday, September 19th. They set a “hold” rating on the stock. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat, América Móvil has an average rating of “Hold” and a consensus price target of $22.21.
América Móvil Stock Up 0.1 %
Shares of NYSE:AMX opened at $17.71 on Tuesday. The firm’s 50 day moving average price is $17.22 and its 200 day moving average price is $19.61. The stock has a market cap of $55.70 billion, a price-to-earnings ratio of 14.52, a price-to-earnings-growth ratio of 1.55 and a beta of 0.89. América Móvil, S.A.B. de C.V. has a fifty-two week low of $15.99 and a fifty-two week high of $23.07. The company has a quick ratio of 0.63, a current ratio of 0.67 and a debt-to-equity ratio of 0.83.
América Móvil (NYSE:AMX – Get Free Report) last issued its earnings results on Tuesday, October 17th. The Wireless communications provider reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.27). The firm had revenue of $11.95 billion during the quarter, compared to analyst estimates of $11.47 billion. América Móvil had a net margin of 8.55% and a return on equity of 18.82%. As a group, equities research analysts predict that América Móvil, S.A.B. de C.V. will post 1.48 earnings per share for the current fiscal year.
América Móvil Dividend Announcement
The company also recently announced a semi-annual dividend, which was paid on Monday, November 20th. Investors of record on Friday, November 10th were issued a $0.3605 dividend. The ex-dividend date was Thursday, November 9th. This represents a yield of 1.5%. América Móvil’s dividend payout ratio (DPR) is 20.49%.
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.
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