Caprock Group LLC Has $182,000 Stock Holdings in América Móvil, S.A.B. de C.V. (NYSE:AMX)

Caprock Group LLC lowered its holdings in shares of América Móvil, S.A.B. de C.V. (NYSE:AMX) by 27.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,141 shares of the Wireless communications provider’s stock after selling 4,188 shares during the period. Caprock Group LLC’s holdings in América Móvil were worth $182,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Discovery Capital Management LLC CT increased its stake 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 in the last quarter. Brandes Investment Partners LP increased its position in América Móvil by 2.8% in the 2nd quarter. Brandes Investment Partners LP now owns 1,213,424 shares of the Wireless communications provider’s stock valued at $20,479,000 after buying an additional 33,006 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in 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 period. Robeco Institutional Asset Management B.V. boosted its holdings in América Móvil by 19.9% in the third quarter. Robeco Institutional Asset Management B.V. now owns 910,988 shares of the Wireless communications provider’s stock worth $14,904,000 after acquiring an additional 151,114 shares in the last quarter. Finally, American Century Companies Inc. grew its stake in América Móvil by 5.7% in the second quarter. American Century Companies Inc. now owns 886,985 shares of the Wireless communications provider’s stock valued at $15,079,000 after acquiring an additional 47,941 shares during the period. 6.30% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

AMX has been the topic of a number of recent research reports. Scotiabank cut their target price on América Móvil from $17.80 to $17.30 and set a “sector perform” rating on the stock in a report on Wednesday, October 16th. StockNews.com started coverage on shares of América Móvil in a research note on Friday. They issued a “buy” rating on the stock. Finally, The Goldman Sachs Group decreased their target price on shares of América Móvil from $20.80 to $17.80 and set a “buy” rating for the company in a research report on Friday, November 15th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, América Móvil presently has a consensus rating of “Moderate Buy” and an average target price of $19.48.

América Móvil Price Performance

Shares of NYSE:AMX opened at $14.81 on Tuesday. América Móvil, S.A.B. de C.V. has a 1-year low of $14.77 and a 1-year high of $20.31. The company has a current ratio of 0.72, a quick ratio of 0.67 and a debt-to-equity ratio of 0.90. The stock has a market cap of $45.47 billion, a PE ratio of 22.10, a price-to-earnings-growth ratio of 1.01 and a beta of 0.95. The stock’s fifty day simple moving average is $16.04 and its two-hundred day simple moving average is $16.97.

América Móvil (NYSE:AMX) last released its quarterly earnings results on Tuesday, October 15th. The Wireless communications provider reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $11.97 billion. As a group, analysts forecast that América Móvil, S.A.B. de C.V. will post 1.25 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 issued a $0.245 dividend. The ex-dividend date was Friday, November 8th. This is a positive change from América Móvil’s previous semi-annual dividend of $0.18. This represents a dividend yield of 2%. América Móvil’s dividend 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.