Aigen Investment Management LP Purchases New Position in América Móvil, S.A.B. de C.V. (NYSE:AMX)

Aigen Investment Management LP bought a new position in shares of América Móvil, S.A.B. de C.V. (NYSE:AMX) in the 3rd quarter, HoldingsChannel reports. The institutional investor bought 26,112 shares of the Wireless communications provider’s stock, valued at approximately $427,000.

Several other large investors have also made changes to their positions in the business. Rothschild Investment LLC purchased a new stake in América Móvil in the 2nd quarter worth $59,000. CENTRAL TRUST Co grew its position in shares of América Móvil by 3,500.0% in 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 period. Blue Trust Inc. increased 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 purchasing an additional 2,322 shares in the last quarter. Headlands Technologies LLC raised its position in shares of América Móvil by 448.5% during the 1st quarter. Headlands Technologies LLC now owns 4,328 shares of the Wireless communications provider’s stock worth $81,000 after purchasing an additional 3,539 shares during the last quarter. Finally, Allworth Financial LP lifted 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 valued at $81,000 after buying an additional 1,567 shares in the last quarter. 6.30% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AMX has been the subject of several research reports. The Goldman Sachs Group cut their price objective on América Móvil from $21.00 to $20.80 and set a “buy” rating for the company in a research note on Monday, October 14th. StockNews.com began coverage on América Móvil in a research report on Thursday. They set a “buy” rating for the company. Scotiabank decreased their price objective 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. Finally, UBS Group dropped their target price on shares of América Móvil from $23.30 to $22.60 and set a “buy” rating for the company in a report on Thursday, July 18th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $20.08.

América Móvil Stock Performance

NYSE AMX opened at $15.02 on Friday. 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 fifty day moving average is $16.26 and its two-hundred day moving average is $17.23. The firm has a market capitalization of $46.10 billion, a P/E ratio of 22.41, a price-to-earnings-growth ratio of 0.93 and a beta of 0.95. América Móvil, S.A.B. de C.V. has a fifty-two week low of $15.00 and a fifty-two week high of $20.31.

América Móvil (NYSE:AMX) last announced its quarterly 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 for the quarter, compared to analyst estimates of $11.97 billion. On average, research analysts anticipate that América Móvil, S.A.B. de C.V. will post 1.39 earnings per share for the current year.

América Móvil Increases Dividend

The company also recently declared a semi-annual dividend, which will be paid on Monday, November 18th. Stockholders of record on Friday, November 8th will be issued a dividend of $0.245 per share. The ex-dividend date is Friday, November 8th. This represents a dividend yield of 2%. This is an increase from América Móvil’s previous semi-annual dividend of $0.18. América Móvil’s dividend payout ratio (DPR) is currently 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.