EP Wealth Advisors LLC Makes New Investment in América Móvil, S.A.B. de C.V. (NYSE:AMX)

EP Wealth Advisors LLC purchased a new stake in América Móvil, S.A.B. de C.V. (NYSE:AMX) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 10,798 shares of the Wireless communications provider’s stock, valued at approximately $177,000.

A number of other institutional investors and hedge funds also recently modified their holdings of AMX. Discovery Capital Management LLC CT grew its holdings in 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 purchasing an additional 1,310,688 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of América Móvil by 76.0% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 736,107 shares of the Wireless communications provider’s stock valued at $12,043,000 after buying an additional 317,800 shares during the period. Envestnet Asset Management Inc. increased its holdings in shares of América Móvil by 30.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 972,542 shares of the Wireless communications provider’s stock worth $16,533,000 after buying an additional 228,856 shares during the last quarter. AQR Capital Management LLC raised its position in shares of América Móvil by 343.1% in the 2nd quarter. AQR Capital Management LLC now owns 294,907 shares of the Wireless communications provider’s stock worth $5,013,000 after buying an additional 228,353 shares during the period. Finally, International Assets Investment Management LLC boosted its holdings in América Móvil by 1,545.1% in the third quarter. International Assets Investment Management LLC now owns 185,702 shares of the Wireless communications provider’s stock valued at $30,380,000 after acquiring an additional 174,414 shares during the last quarter. Institutional investors and hedge funds own 6.30% of the company’s stock.

Analyst Upgrades and Downgrades

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

América Móvil Stock Performance

América Móvil stock opened at $14.99 on Friday. The firm has a market capitalization of $46.02 billion, a PE ratio of 22.37, a price-to-earnings-growth ratio of 1.32 and a beta of 0.94. América Móvil, S.A.B. de C.V. has a one year low of $14.59 and a one year high of $20.31. The stock’s 50 day moving average price is $15.63 and its 200 day moving average price is $16.52. 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 announced its earnings results on Tuesday, October 15th. The Wireless communications provider reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.30). América Móvil had a net margin of 4.45% and a return on equity of 8.61%. The firm had revenue of $11.82 billion during the quarter, compared to analysts’ expectations of $11.97 billion. As a group, sell-side analysts expect that América Móvil, S.A.B. de C.V. will post 0.97 EPS for the current fiscal year.

América Móvil Increases Dividend

The firm also recently announced a semi-annual dividend, which was paid on Monday, November 18th. Stockholders of record on Friday, November 8th were given a dividend of $0.245 per share. This represents a dividend 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 payout ratio is presently 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.