Sheaff Brock Investment Advisors LLC Decreases Stock Position in América Móvil, S.A.B. de C.V. (NYSE:AMX)

Sheaff Brock Investment Advisors LLC lowered its stake in América Móvil, S.A.B. de C.V. (NYSE:AMX) by 16.7% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 28,210 shares of the Wireless communications provider’s stock after selling 5,674 shares during the quarter. Sheaff Brock Investment Advisors LLC’s holdings in América Móvil were worth $526,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Schroder Investment Management Group increased its holdings in shares of América Móvil by 178.8% in the 4th quarter. Schroder Investment Management Group now owns 9,821,322 shares of the Wireless communications provider’s stock worth $181,891,000 after buying an additional 6,298,239 shares during the last quarter. Capital International Investors increased its holdings in shares of América Móvil by 9.9% in the 4th quarter. Capital International Investors now owns 62,598,018 shares of the Wireless communications provider’s stock worth $1,158,783,000 after buying an additional 5,627,860 shares during the last quarter. Oaktree Capital Management LP bought a new stake in shares of América Móvil in the 4th quarter worth about $42,575,000. Russell Investments Group Ltd. bought a new stake in shares of América Móvil in the 4th quarter worth about $20,341,000. Finally, ABS Direct Equity Fund LLC bought a new stake in shares of América Móvil in the 4th quarter worth about $6,315,000. Hedge funds and other institutional investors own 6.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on AMX shares. Scotiabank reduced their target price on shares of 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 shares of América Móvil from $23.30 to $22.60 and set a “buy” rating on the stock in a report on Thursday, July 18th. The Goldman Sachs Group upgraded shares of América Móvil from a “neutral” rating to a “buy” rating and upped their price target for the company from $21.00 to $22.00 in a report on Monday, April 29th. JPMorgan Chase & Co. upped their price target on shares of América Móvil from $15.00 to $17.50 and gave the company an “underweight” rating in a report on Monday, April 1st. Finally, StockNews.com assumed coverage on shares of América Móvil in a report on Wednesday. They set a “strong-buy” rating on the stock. One investment 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 stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $21.65.

América Móvil Trading Down 1.2 %

América Móvil stock traded down $0.20 during trading hours on Friday, hitting $16.90. The company had a trading volume of 1,170,318 shares, compared to its average volume of 1,303,123. The firm has a market cap of $52.47 billion, a P/E ratio of 15.64, a P/E/G ratio of 1.00 and a beta of 0.94. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.63 and a current ratio of 0.68. América Móvil, S.A.B. de C.V. has a 1 year low of $15.99 and a 1 year high of $21.61. The company has a 50-day moving average price of $17.73 and a two-hundred day moving average price of $18.31.

América Móvil (NYSE:AMX) last released its quarterly earnings data on Tuesday, July 16th. The Wireless communications provider reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts’ expectations of $12.37 billion. On average, sell-side analysts anticipate that América Móvil, S.A.B. de C.V. will post 1.45 earnings per share for the current year.

América Móvil Increases Dividend

The firm also recently declared a semi-annual dividend, which was paid on Monday, July 22nd. Stockholders of record on Friday, July 12th were given a $0.2608 dividend. This represents a dividend yield of 2.1%. The ex-dividend date of this dividend was Friday, July 12th. This is a boost from América Móvil’s previous semi-annual dividend of $0.18. América Móvil’s dividend payout ratio is presently 25.00%.

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.