British Airways Pensions Investment Management Ltd trimmed its holdings in shares of America Movil, S.A.B. de C.V. (NYSE:AMX) by 6.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 249,224 shares of the Wireless communications provider’s stock after selling 18,242 shares during the period. British Airways Pensions Investment Management Ltd’s holdings in America Movil, S.A.B. de C.V. were worth $4,423,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. State of Wisconsin Investment Board acquired a new position in shares of America Movil, S.A.B. de C.V. during the second quarter valued at $4,287,000. Northcape Capital Pty Ltd increased its holdings in shares of America Movil, S.A.B. de C.V. by 1.9% during the second quarter. Northcape Capital Pty Ltd now owns 1,991,845 shares of the Wireless communications provider’s stock valued at $31,710,000 after purchasing an additional 37,091 shares during the period. Point View Wealth Management Inc. increased its holdings in shares of America Movil, S.A.B. de C.V. by 0.3% during the second quarter. Point View Wealth Management Inc. now owns 106,527 shares of the Wireless communications provider’s stock valued at $1,696,000 after purchasing an additional 294 shares during the period. BlackRock Inc. increased its holdings in shares of America Movil, S.A.B. de C.V. by 10.4% during the second quarter. BlackRock Inc. now owns 10,287,898 shares of the Wireless communications provider’s stock valued at $163,783,000 after purchasing an additional 968,660 shares during the period. Finally, TSP Capital Management Group LLC increased its holdings in shares of America Movil, S.A.B. de C.V. by 0.8% during the second quarter. TSP Capital Management Group LLC now owns 429,376 shares of the Wireless communications provider’s stock valued at $6,836,000 after purchasing an additional 3,360 shares during the period. 7.58% of the stock is currently owned by institutional investors.

Shares of America Movil, S.A.B. de C.V. (NYSE AMX) traded up $0.36 on Friday, reaching $17.22. The company had a trading volume of 1,778,600 shares, compared to its average volume of 3,033,024. The stock has a market cap of $55,692.61, a PE ratio of 24.09, a P/E/G ratio of 0.21 and a beta of 0.53. America Movil, S.A.B. de C.V. has a 1 year low of $11.24 and a 1 year high of $19.50. The company has a debt-to-equity ratio of 2.39, a current ratio of 0.75 and a quick ratio of 0.67.

The business also recently declared a semiannual dividend, which will be paid on Monday, November 20th. Investors of record on Friday, October 27th will be paid a $0.1599 dividend. The ex-dividend date is Thursday, October 26th. This represents a yield of 1.75%. America Movil, S.A.B. de C.V.’s dividend payout ratio is currently 24.29%.

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A number of research analysts have recently commented on AMX shares. Barclays PLC reissued a “buy” rating and set a $18.00 price target (up from $17.00) on shares of America Movil, S.A.B. de C.V. in a report on Friday, July 21st. Royal Bank Of Canada set a $14.00 price target on America Movil, S.A.B. de C.V. and gave the company a “sell” rating in a report on Friday, July 21st. Morgan Stanley raised America Movil, S.A.B. de C.V. from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $16.00 to $21.00 in a report on Thursday, August 10th. Zacks Investment Research raised America Movil, S.A.B. de C.V. from a “strong sell” rating to a “hold” rating and set a $21.00 target price on the stock in a report on Monday, August 14th. Finally, UBS AG lowered America Movil, S.A.B. de C.V. from a “market perform” rating to an “underperform” rating in a report on Wednesday, August 23rd. Four analysts have rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $16.78.

America Movil, S.A.B. de C.V. Company Profile

America Movil, SAB. de C.V. is a holding company. The Company provides telecommunications services. Its services include mobile and fixed-line voice services, wireless and fixed data services, Internet access and pay television, sales of equipment, accessories and computers, as well as other related services.

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Institutional Ownership by Quarter for America Movil, S.A.B. de C.V. (NYSE:AMX)

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