FORA Capital LLC Takes Position in América Móvil, S.A.B. de C.V. (NYSE:AMX)

FORA Capital LLC purchased a new position in América Móvil, S.A.B. de C.V. (NYSE:AMX) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 31,740 shares of the Wireless communications provider’s stock, valued at approximately $519,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Rothschild Investment LLC bought a new stake in shares of América Móvil in the 2nd quarter worth about $59,000. CENTRAL TRUST Co increased its holdings in América Móvil by 3,500.0% in the third quarter. CENTRAL TRUST Co now owns 3,600 shares of the Wireless communications provider’s stock valued at $59,000 after buying an additional 3,500 shares during the last quarter. Blue Trust Inc. raised its stake in América Móvil by 195.9% during the third quarter. Blue Trust Inc. now owns 3,507 shares of the Wireless communications provider’s stock valued at $60,000 after buying an additional 2,322 shares in the last quarter. Allworth Financial LP lifted its holdings in América Móvil by 46.1% during the 3rd quarter. Allworth Financial LP now owns 4,964 shares of the Wireless communications provider’s stock worth $81,000 after buying an additional 1,567 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its holdings in América Móvil by 5.9% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 10,839 shares of the Wireless communications provider’s stock worth $178,000 after buying an additional 608 shares during the last quarter. 6.30% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. StockNews.com started coverage on América Móvil in a research report on Friday, November 22nd. They set a “buy” rating on the stock. Scotiabank dropped 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 report on Wednesday, October 16th. Finally, The Goldman Sachs Group decreased their price target on shares of América Móvil from $20.80 to $17.80 and set a “buy” rating for the company in a report on Friday, November 15th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $19.48.

América Móvil Stock Performance

Shares of AMX opened at $14.71 on Friday. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.67 and a current ratio of 0.72. América Móvil, S.A.B. de C.V. has a 1 year low of $14.59 and a 1 year high of $20.31. The firm has a fifty day moving average of $15.91 and a 200-day moving average of $16.90. The company has a market cap of $45.16 billion, a price-to-earnings ratio of 21.96, a price-to-earnings-growth ratio of 1.00 and a beta of 0.95.

América Móvil (NYSE:AMX) last posted its earnings results on Tuesday, October 15th. The Wireless communications provider reported $0.11 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.30). The firm had revenue of $11.82 billion during the quarter, compared to the consensus estimate of $11.97 billion. América Móvil had a return on equity of 8.61% and a net margin of 4.45%. As a group, equities analysts anticipate that América Móvil, S.A.B. de C.V. will post 1.25 earnings per share for the current year.

América Móvil Increases Dividend

The firm also recently announced a semi-annual dividend, which was paid on Monday, November 18th. Shareholders of record on Friday, November 8th were paid a dividend of $0.245 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a yield of 2%. This is an increase from América Móvil’s previous semi-annual dividend of $0.18. América Móvil’s payout ratio is presently 35.82%.

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.