Rockefeller Capital Management L.P. Increases Stock Position in América Móvil, S.A.B. de C.V. (NYSE:AMX)

Rockefeller Capital Management L.P. grew its position in shares of América Móvil, S.A.B. de C.V. (NYSE:AMX) by 8.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 559,236 shares of the Wireless communications provider’s stock after purchasing an additional 44,631 shares during the period. Rockefeller Capital Management L.P.’s holdings in América Móvil were worth $9,151,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in AMX. Rothschild Investment LLC bought a new stake in América Móvil in the 2nd quarter worth approximately $59,000. 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 purchasing an additional 2,322 shares in the last quarter. CENTRAL TRUST Co lifted its position in 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 purchasing an additional 3,500 shares during the last quarter. Allworth Financial LP increased its holdings in shares of 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 buying an additional 1,567 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in shares of 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 valued at $178,000 after buying an additional 608 shares in the last quarter. 6.30% of the stock is owned by institutional investors.

América Móvil Price Performance

Shares of AMX stock opened at $14.96 on Wednesday. The firm has a market capitalization of $45.91 billion, a price-to-earnings ratio of 22.32, a PEG ratio of 1.07 and a beta of 0.94. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.67 and a current ratio of 0.72. The stock’s 50-day simple moving average is $15.84 and its 200-day simple moving average is $16.75. 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.

América Móvil (NYSE:AMX) last announced its quarterly earnings data 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 business had revenue of $11.82 billion for the quarter, compared to analyst estimates of $11.97 billion. América Móvil had a net margin of 4.45% and a return on equity of 8.61%. As a group, equities analysts forecast that América Móvil, S.A.B. de C.V. will post 1.17 earnings per share for the current fiscal year.

América Móvil Increases Dividend

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

Analyst Upgrades and Downgrades

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

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 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.