Heritage Investors Management Corp Lowers Stock Holdings in América Móvil, S.A.B. de C.V. (NYSE:AMX)

Heritage Investors Management Corp trimmed its position in América Móvil, S.A.B. de C.V. (NYSE:AMX) by 11.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 60,356 shares of the Wireless communications provider’s stock after selling 7,830 shares during the quarter. Heritage Investors Management Corp’s holdings in América Móvil were worth $987,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of AMX. Team Hewins LLC purchased a new stake in shares of América Móvil in the first quarter worth about $312,000. Envestnet Portfolio Solutions Inc. raised its stake in América Móvil by 10.1% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 23,799 shares of the Wireless communications provider’s stock valued at $444,000 after purchasing an additional 2,177 shares in the last quarter. AIA Group Ltd raised its stake in América Móvil by 18.5% in the first quarter. AIA Group Ltd now owns 136,948 shares of the Wireless communications provider’s stock valued at $2,555,000 after purchasing an additional 21,354 shares in the last quarter. Oppenheimer Asset Management Inc. purchased a new stake in América Móvil in the first quarter valued at approximately $293,000. Finally, Atomi Financial Group Inc. raised its stake in América Móvil by 10.0% in the first quarter. Atomi Financial Group Inc. now owns 22,447 shares of the Wireless communications provider’s stock valued at $419,000 after purchasing an additional 2,037 shares in the last quarter. 6.30% of the stock is owned by hedge funds and other institutional investors.

América Móvil Stock Down 1.3 %

Shares of NYSE AMX opened at $15.85 on Wednesday. América Móvil, S.A.B. de C.V. has a one year low of $15.55 and a one year high of $20.31. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.68 and a quick ratio of 0.63. The firm’s 50 day simple moving average is $16.37 and its two-hundred day simple moving average is $17.35. The stock has a market capitalization of $48.88 billion, a P/E ratio of 23.65, a PEG ratio of 0.95 and a beta of 0.95.

América Móvil Increases Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Monday, November 18th. Shareholders of record on Friday, November 8th will be given a dividend of $0.245 per share. This is a boost from América Móvil’s previous semi-annual dividend of $0.18. This represents a yield of 2%. The ex-dividend date of this dividend is Friday, November 8th. América Móvil’s dividend payout ratio (DPR) is presently 35.82%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on AMX shares. The Goldman Sachs Group lowered their target price on shares of América Móvil from $21.00 to $20.80 and set a “buy” rating on the stock in a research note on Monday, October 14th. UBS Group lowered their target price on shares of América Móvil from $23.30 to $22.60 and set a “buy” rating on the stock in a research note on Thursday, July 18th. Scotiabank lowered their target price on shares of América Móvil from $17.80 to $17.30 and set a “sector perform” rating on the stock in a research note on Wednesday, October 16th. Finally, StockNews.com began coverage on shares of América Móvil in a research note on Wednesday. They issued a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $20.08.

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.