Columbus Macro LLC Has $1.40 Million Stock Position in América Móvil, S.A.B. de C.V. (NYSE:AMX)

Columbus Macro LLC cut its position in América Móvil, S.A.B. de C.V. (NYSE:AMX) by 4.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 74,904 shares of the Wireless communications provider’s stock after selling 3,198 shares during the period. Columbus Macro LLC’s holdings in América Móvil were worth $1,398,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in AMX. Envestnet Portfolio Solutions Inc. increased its position in shares of América Móvil by 2.8% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 21,622 shares of the Wireless communications provider’s stock worth $400,000 after acquiring an additional 587 shares in the last quarter. NewEdge Wealth LLC increased its holdings in América Móvil by 5.9% during the 4th quarter. NewEdge Wealth LLC now owns 16,900 shares of the Wireless communications provider’s stock worth $313,000 after purchasing an additional 944 shares in the last quarter. Vestmark Advisory Solutions Inc. raised its stake in shares of América Móvil by 7.2% in the fourth quarter. Vestmark Advisory Solutions Inc. now owns 16,797 shares of the Wireless communications provider’s stock worth $311,000 after purchasing an additional 1,133 shares during the last quarter. CWM LLC lifted its holdings in shares of América Móvil by 9.3% in the fourth quarter. CWM LLC now owns 18,784 shares of the Wireless communications provider’s stock valued at $348,000 after purchasing an additional 1,599 shares in the last quarter. Finally, Quadrant Capital Group LLC boosted its position in shares of América Móvil by 18.1% during the fourth quarter. Quadrant Capital Group LLC now owns 10,576 shares of the Wireless communications provider’s stock valued at $196,000 after buying an additional 1,623 shares during the last quarter. 6.30% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. JPMorgan Chase & Co. raised their price objective on América Móvil from $15.00 to $17.50 and gave the company an “underweight” rating in a research note on Monday, April 1st. Scotiabank dropped their price target on shares of América Móvil from $19.60 to $19.00 and set a “sector perform” rating on the stock in a research report on Tuesday. Finally, The Goldman Sachs Group raised shares of América Móvil from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $21.00 to $22.00 in a research report on Monday, April 29th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $21.69.

América Móvil Stock Performance

AMX stock traded up $0.02 during mid-day trading on Wednesday, hitting $16.86. The company had a trading volume of 448,346 shares, compared to its average volume of 1,494,779. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.61 and a current ratio of 0.65. The firm has a market cap of $52.35 billion, a PE ratio of 15.59, a price-to-earnings-growth ratio of 0.99 and a beta of 0.95. América Móvil, S.A.B. de C.V. has a 12 month low of $15.99 and a 12 month high of $22.26. The stock’s fifty day moving average price is $18.49 and its two-hundred day moving average price is $18.46.

América Móvil (NYSE:AMX) last posted its quarterly earnings results on Tuesday, April 16th. The Wireless communications provider reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.17). América Móvil had a return on equity of 13.93% and a net margin of 7.28%. The company had revenue of $11.98 billion during the quarter, compared to the consensus estimate of $11.96 billion. On average, analysts forecast that América Móvil, S.A.B. de C.V. will post 1.45 earnings per share for the current fiscal year.

América Móvil Increases Dividend

The company also recently declared a semi-annual dividend, which will be paid on Monday, July 22nd. Stockholders of record on Friday, July 12th will be given a dividend of $0.2608 per share. This represents a dividend yield of 2.1%. The ex-dividend date is Friday, July 12th. This is a boost from América Móvil’s previous semi-annual dividend of $0.18. América Móvil’s dividend payout ratio is currently 24.07%.

América Móvil Company 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 also 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.