América Móvil, S.A.B. de C.V. (NYSE:AMX) Stock Holdings Lessened by IFP Advisors Inc

IFP Advisors Inc lessened its holdings in shares of América Móvil, S.A.B. de C.V. (NYSE:AMX – Get Rating) by 31.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,318 shares of the Wireless communications provider’s stock after selling 1,519 shares during the quarter. IFP Advisors Inc’s holdings in América Móvil were worth $52,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Raymond James Financial Services Advisors Inc. grew its stake in shares of América Móvil by 4.4% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 32,254 shares of the Wireless communications provider’s stock worth $682,000 after acquiring an additional 1,374 shares during the last quarter. HighTower Advisors LLC grew its stake in shares of América Móvil by 3.8% in the first quarter. HighTower Advisors LLC now owns 17,406 shares of the Wireless communications provider’s stock worth $367,000 after acquiring an additional 640 shares during the last quarter. Citigroup Inc. grew its stake in shares of América Móvil by 92.3% in the first quarter. Citigroup Inc. now owns 86,722 shares of the Wireless communications provider’s stock worth $1,834,000 after acquiring an additional 41,636 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in shares of América Móvil by 3.3% in the first quarter. PNC Financial Services Group Inc. now owns 42,304 shares of the Wireless communications provider’s stock worth $895,000 after acquiring an additional 1,353 shares during the last quarter. Finally, Natixis Advisors L.P. grew its stake in shares of América Móvil by 8.3% in the first quarter. Natixis Advisors L.P. now owns 84,614 shares of the Wireless communications provider’s stock worth $1,790,000 after acquiring an additional 6,514 shares during the last quarter. Institutional investors own 5.55% of the company’s stock.

Wall Street Analysts Forecast Growth

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

América Móvil Stock Performance

Shares of NYSE:AMX opened at $22.77 on Thursday. The stock has a market capitalization of $71.95 billion, a P/E ratio of 18.82, a P/E/G ratio of 0.74 and a beta of 0.88. América Móvil, S.A.B. de C.V. has a 1-year low of $16.13 and a 1-year high of $23.07. The business has a 50-day moving average price of $21.30 and a two-hundred day moving average price of $20.31. The company has a current ratio of 0.67, a quick ratio of 0.62 and a debt-to-equity ratio of 0.81.

América Móvil (NYSE:AMX – Get Rating) last posted its earnings results on Tuesday, February 14th. The Wireless communications provider reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.01. The company had revenue of $10.97 billion during the quarter, compared to analyst estimates of $10.62 billion. América Móvil had a return on equity of 19.11% and a net margin of 8.90%. Equities analysts predict that América Móvil, S.A.B. de C.V. will post 1.44 earnings per share for the current year.

América Móvil Dividend Announcement

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

América Móvil Company Profile

(Get Rating)

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).