América Móvil, S.A.B. de C.V. (NYSE:AMX) Stock Position Increased by LPL Financial LLC

LPL Financial LLC boosted its position in América Móvil, S.A.B. de C.V. (NYSE:AMX – Get Rating) by 9.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 78,113 shares of the Wireless communications provider’s stock after purchasing an additional 6,527 shares during the quarter. LPL Financial LLC’s holdings in América Móvil were worth $1,422,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. UBS Asset Management Americas Inc. bought a new stake in América Móvil in the 2nd quarter valued at about $28,000. Glass Jacobson Investment Advisors llc bought a new stake in América Móvil in the 4th quarter valued at about $27,000. Concourse Financial Group Securities Inc. bought a new stake in América Móvil in the 4th quarter valued at about $34,000. Penserra Capital Management LLC acquired a new position in América Móvil during the 3rd quarter valued at about $36,000. Finally, BNP Paribas Arbitrage SA increased its stake in América Móvil by 128.1% during the 1st quarter. BNP Paribas Arbitrage SA now owns 2,502 shares of the Wireless communications provider’s stock valued at $53,000 after buying an additional 1,405 shares during the period. 5.55% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have commented on AMX. HSBC cut shares of América Móvil from a “buy” rating to a “hold” rating and lowered their target price for the company from $22.50 to $21.50 in a research note on Monday, April 10th. New Street Research raised shares of América Móvil from a “neutral” rating to a “buy” rating and raised their target price for the company from $21.00 to $27.00 in a research note on Tuesday, May 16th. StockNews.com raised shares of América Móvil from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 16th. JPMorgan Chase & Co. cut shares of América Móvil from a “neutral” rating to an “underweight” rating and set a $19.00 target price on the stock. in a research note on Thursday, February 23rd. Finally, Citigroup cut shares of América Móvil from a “buy” rating to a “neutral” rating in a research note on Wednesday, May 3rd. One research analyst has rated the stock with a sell rating, three have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $22.43.

América Móvil Stock Performance

Shares of AMX opened at $21.86 on Friday. América Móvil, S.A.B. de C.V. has a one year low of $16.13 and a one year high of $23.07. The company has a 50-day moving average of $21.38 and a two-hundred day moving average of $20.40. The stock has a market cap of $69.08 billion, a price-to-earnings ratio of 18.07, a PEG ratio of 0.71 and a beta of 0.88. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.67 and a quick ratio of 0.62.

América Móvil Dividend Announcement

The company also recently announced a semi-annual dividend, which will be paid on Monday, November 13th. Shareholders of record on Friday, November 10th will be issued a $0.3605 dividend. This represents a dividend yield of 1.5%. The ex-dividend date is Thursday, November 9th. América Móvil’s payout ratio is 47.11%.

América Móvil Profile

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America Movil SAB de CV engages in the provision of telecommunications services. The firm operates through the following segments: Mexico Wireless, Mexico Fixed, Brazil, Colombia, Southern Cone (Argentina, Chile, Paraguay and Uruguay), Andean Region (Ecuador and Peru), Central America (Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama), the Caribbean (the Dominican Republic and Puerto Rico) and Europe (Austria, Belarus, Bulgaria, Croatia, Macedonia, Serbia and Slovenia).