Aigen Investment Management LP Buys Shares of 26,112 América Móvil, S.A.B. de C.V. (NYSE:AMX)

Aigen Investment Management LP purchased a new position in shares of América Móvil, S.A.B. de C.V. (NYSE:AMX) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 26,112 shares of the Wireless communications provider’s stock, valued at approximately $427,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Rothschild Investment LLC acquired a new position in América Móvil during the 2nd quarter valued at about $59,000. Blue Trust Inc. grew its stake in shares of América Móvil by 195.9% during the third quarter. Blue Trust Inc. now owns 3,507 shares of the Wireless communications provider’s stock worth $60,000 after acquiring an additional 2,322 shares during the last quarter. CENTRAL TRUST Co increased its holdings in shares of América Móvil by 3,500.0% during the third quarter. CENTRAL TRUST Co now owns 3,600 shares of the Wireless communications provider’s stock valued at $59,000 after acquiring an additional 3,500 shares in the last quarter. Headlands Technologies LLC raised its position in shares of América Móvil by 448.5% in the 1st quarter. Headlands Technologies LLC now owns 4,328 shares of the Wireless communications provider’s stock valued at $81,000 after purchasing an additional 3,539 shares during the last quarter. Finally, Allworth Financial LP boosted its stake in América Móvil by 46.1% in the 3rd quarter. Allworth Financial LP now owns 4,964 shares of the Wireless communications provider’s stock worth $81,000 after purchasing an additional 1,567 shares in the last quarter. Hedge funds and other institutional investors own 6.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. StockNews.com began coverage on shares of América Móvil in a research note on Thursday. They set a “buy” rating on the stock. Scotiabank reduced 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. The Goldman Sachs Group dropped their price target on América Móvil from $21.00 to $20.80 and set a “buy” rating on the stock in a research note on Monday, October 14th. Finally, UBS Group reduced their price objective on América Móvil from $23.30 to $22.60 and set a “buy” rating for the company in a research note on Thursday, July 18th. One 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. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $20.08.

América Móvil Price Performance

NYSE:AMX opened at $15.02 on Friday. The firm’s fifty day moving average is $16.26 and its two-hundred day moving average is $17.23. The firm has a market cap of $46.10 billion, a price-to-earnings ratio of 22.41, a PEG ratio of 0.93 and a beta of 0.95. América Móvil, S.A.B. de C.V. has a one year low of $15.00 and a one year high of $20.31. 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 (NYSE:AMX) last issued its earnings results on Tuesday, October 15th. The Wireless communications provider reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.30). The company had revenue of $11.82 billion during the quarter, compared to analysts’ expectations of $11.97 billion. América Móvil had a return on equity of 8.61% and a net margin of 4.45%. Research analysts expect that América Móvil, S.A.B. de C.V. will post 1.39 EPS for the current year.

América Móvil Increases Dividend

The company also recently announced a semi-annual dividend, which will be paid on Monday, November 18th. Investors of record on Friday, November 8th will be paid a $0.245 dividend. This is a boost from América Móvil’s previous semi-annual dividend of $0.18. This represents a dividend yield of 2%. The ex-dividend date is Friday, November 8th. América Móvil’s payout ratio is currently 35.82%.

About América Móvil

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.