Gabelli Funds LLC Decreases Stock Holdings in América Móvil, S.A.B. de C.V. (NYSE:AMX)

Gabelli Funds LLC lowered its stake in shares of América Móvil, S.A.B. de C.V. (NYSE:AMX) by 7.1% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 298,750 shares of the Wireless communications provider’s stock after selling 23,000 shares during the period. Gabelli Funds LLC’s holdings in América Móvil were worth $5,575,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Private Ocean LLC purchased a new stake in América Móvil in the first quarter worth approximately $26,000. Principal Securities Inc. purchased a new stake in América Móvil during the fourth quarter valued at $41,000. First United Bank & Trust bought a new position in América Móvil in the fourth quarter valued at about $53,000. Sound Income Strategies LLC boosted its position in América Móvil by 43.5% in the first quarter. Sound Income Strategies LLC now owns 3,466 shares of the Wireless communications provider’s stock worth $65,000 after purchasing an additional 1,051 shares during the last quarter. Finally, Headlands Technologies LLC grew its stake in shares of América Móvil by 448.5% during the 1st quarter. Headlands Technologies LLC now owns 4,328 shares of the Wireless communications provider’s stock valued at $81,000 after purchasing an additional 3,539 shares during the period. Hedge funds and other institutional investors own 6.30% of the company’s stock.

América Móvil Price Performance

Shares of NYSE:AMX traded down $0.20 during trading on Friday, hitting $16.90. 1,170,318 shares of the company’s stock were exchanged, compared to its average volume of 1,303,123. The business’s 50-day simple moving average is $17.73 and its 200 day simple moving average is $18.31. The company has a market cap of $52.47 billion, a price-to-earnings ratio of 15.64, a PEG ratio of 1.00 and a beta of 0.94. América Móvil, S.A.B. de C.V. has a 52-week low of $15.99 and a 52-week high of $21.61. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.68 and a quick ratio of 0.63.

América Móvil (NYSE:AMX) last announced its quarterly earnings data on Tuesday, July 16th. The Wireless communications provider reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.36). América Móvil had a net margin of 3.98% and a return on equity of 7.73%. The company had revenue of $11.93 billion for the quarter, compared to analysts’ expectations of $12.37 billion. As a group, equities analysts predict that América Móvil, S.A.B. de C.V. will post 1.45 EPS for the current year.

América Móvil Increases Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Monday, July 22nd. Stockholders of record on Friday, July 12th were given a dividend of $0.2608 per share. This is a positive change from América Móvil’s previous semi-annual dividend of $0.18. The ex-dividend date was Friday, July 12th. This represents a dividend yield of 2.1%. América Móvil’s dividend payout ratio (DPR) is presently 25.00%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. JPMorgan Chase & Co. raised their price objective on shares of América Móvil from $15.00 to $17.50 and gave the stock an “underweight” rating in a report on Monday, April 1st. The Goldman Sachs Group raised shares of América Móvil from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $21.00 to $22.00 in a research report on Monday, April 29th. Scotiabank decreased their target price on América Móvil from $19.00 to $18.90 and set a “sector perform” rating on the stock in a report on Wednesday, July 17th. UBS Group cut their price target on América Móvil from $23.30 to $22.60 and set a “buy” rating for the company in a report on Thursday, July 18th. Finally, StockNews.com started coverage on América Móvil in a research note on Wednesday. They issued a “strong-buy” rating on the stock. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $21.65.

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 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.