Peapack Gladstone Financial Corp Has $469,000 Stake in América Móvil, S.A.B. de C.V. (NYSE:AMX)

Peapack Gladstone Financial Corp decreased its position in América Móvil, S.A.B. de C.V. (NYSE:AMX) by 31.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 28,686 shares of the Wireless communications provider’s stock after selling 13,301 shares during the quarter. Peapack Gladstone Financial Corp’s holdings in América Móvil were worth $469,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. Discovery Capital Management LLC CT boosted its stake in shares of América Móvil by 270.1% in the second quarter. Discovery Capital Management LLC CT now owns 1,795,988 shares of the Wireless communications provider’s stock valued at $30,532,000 after buying an additional 1,310,688 shares during the period. Brandes Investment Partners LP boosted its stake in shares of América Móvil by 2.8% in the second quarter. Brandes Investment Partners LP now owns 1,213,424 shares of the Wireless communications provider’s stock valued at $20,479,000 after buying an additional 33,006 shares during the period. Envestnet Asset Management Inc. boosted its stake in shares of América Móvil by 30.8% in the second quarter. Envestnet Asset Management Inc. now owns 972,542 shares of the Wireless communications provider’s stock valued at $16,533,000 after buying an additional 228,856 shares during the period. Robeco Institutional Asset Management B.V. boosted its stake in shares of América Móvil by 19.9% in the third quarter. Robeco Institutional Asset Management B.V. now owns 910,988 shares of the Wireless communications provider’s stock valued at $14,904,000 after buying an additional 151,114 shares during the period. Finally, American Century Companies Inc. boosted its stake in shares of América Móvil by 5.7% in the second quarter. American Century Companies Inc. now owns 886,985 shares of the Wireless communications provider’s stock valued at $15,079,000 after buying an additional 47,941 shares during the period. 6.30% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. The Goldman Sachs Group cut their price target on América Móvil from $20.80 to $17.80 and set a “buy” rating for the company in a research note on Friday, November 15th. Scotiabank cut their target price on América Móvil from $17.80 to $17.30 and set a “sector perform” rating for the company in a research note on Wednesday, October 16th. Finally, StockNews.com assumed coverage on América Móvil in a research note on Friday, November 22nd. They set a “buy” rating for the company. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, América Móvil has an average rating of “Moderate Buy” and a consensus price target of $19.48.

América Móvil Stock Up 0.9 %

NYSE AMX opened at $14.99 on Monday. The business has a fifty day moving average price of $15.63 and a two-hundred day moving average price of $16.50. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.72 and a quick ratio of 0.67. América Móvil, S.A.B. de C.V. has a fifty-two week low of $14.59 and a fifty-two week high of $20.31. The stock has a market capitalization of $46.02 billion, a PE ratio of 22.37, a PEG ratio of 1.32 and a beta of 0.94.

América Móvil (NYSE:AMX) last announced its quarterly earnings results on Tuesday, October 15th. The Wireless communications provider reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.30). The company had revenue of $11.82 billion for the quarter, compared to analyst estimates of $11.97 billion. América Móvil had a return on equity of 8.61% and a net margin of 4.45%. Equities analysts expect that América Móvil, S.A.B. de C.V. will post 0.97 earnings per share for the current fiscal year.

América Móvil Increases Dividend

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