Mercer Global Advisors Inc. ADV Lowers Holdings in América Móvil, S.A.B. de C.V. (NYSE:AMX)

Mercer Global Advisors Inc. ADV decreased its holdings in América Móvil, S.A.B. de C.V. (NYSE:AMX – Get Rating) by 16.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 15,174 shares of the Wireless communications provider’s stock after selling 2,945 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in América Móvil were worth $276,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Raymond James & Associates lifted its stake in América Móvil by 2.5% in the fourth quarter. Raymond James & Associates now owns 174,195 shares of the Wireless communications provider’s stock worth $3,170,000 after acquiring an additional 4,307 shares during the last quarter. Commonwealth Equity Services LLC increased its stake in América Móvil by 2.7% in the 4th quarter. Commonwealth Equity Services LLC now owns 110,659 shares of the Wireless communications provider’s stock valued at $2,014,000 after buying an additional 2,873 shares during the period. Bleakley Financial Group LLC acquired a new position in América Móvil in the 4th quarter valued at $897,000. LPL Financial LLC grew its stake in shares of América Móvil by 9.1% during the 4th quarter. LPL Financial LLC now owns 78,113 shares of the Wireless communications provider’s stock worth $1,422,000 after purchasing an additional 6,527 shares during the period. Finally, FourThought Financial Partners LLC acquired a new position in shares of América Móvil during the 4th quarter worth $189,000. Hedge funds and other institutional investors own 5.55% of the company’s stock.

América Móvil Stock Performance

América Móvil stock opened at $21.86 on Friday. América Móvil, S.A.B. de C.V. has a 12 month low of $16.13 and a 12 month high of $23.07. The company has a market cap of $69.08 billion, a PE ratio of 18.07, a P/E/G ratio of 0.71 and a beta of 0.88. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.67 and a quick ratio of 0.62. The company has a fifty day moving average price of $21.38 and a two-hundred day moving average price of $20.40.

América Móvil Dividend Announcement

The company also recently declared a semi-annual dividend, which will be paid on Monday, November 13th. Stockholders of record on Friday, November 10th will be issued a dividend of $0.3605 per share. This represents a dividend yield of 1.5%. The ex-dividend date is Thursday, November 9th. América Móvil’s dividend payout ratio (DPR) is 47.11%.

Analyst Ratings Changes

A number of research firms have recently weighed in on AMX. StockNews.com raised shares of América Móvil from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 16th. JPMorgan Chase & Co. cut shares of América Móvil from a “neutral” rating to an “underweight” rating and set a $19.00 price objective on the stock. in a research note on Thursday, February 23rd. New Street Research raised shares of América Móvil from a “neutral” rating to a “buy” rating and raised their price target for the stock from $21.00 to $27.00 in a research note on Tuesday, May 16th. HSBC cut shares of América Móvil from a “buy” rating to a “hold” rating and decreased their target price for the stock from $22.50 to $21.50 in a research report on Monday, April 10th. Finally, Citigroup cut shares of América Móvil from a “buy” rating to a “neutral” rating in a research report on Wednesday, May 3rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $22.43.

About América Móvil

(Get Rating)

America Movil SAB de CV engages in the provision of telecommunications services. The firm operates through the following segments: Mexico Wireless, Mexico Fixed, Brazil, Colombia, Southern Cone (Argentina, Chile, Paraguay and Uruguay), Andean Region (Ecuador and Peru), Central America (Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama), the Caribbean (the Dominican Republic and Puerto Rico) and Europe (Austria, Belarus, Bulgaria, Croatia, Macedonia, Serbia and Slovenia).