Columbus Macro LLC Sells 1,508 Shares of América Móvil, S.A.B. de C.V. (NYSE:AMX)

Columbus Macro LLC trimmed its stake in América Móvil, S.A.B. de C.V. (NYSE:AMX) by 2.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 70,831 shares of the Wireless communications provider’s stock after selling 1,508 shares during the period. Columbus Macro LLC’s holdings in América Móvil were worth $1,156,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of AMX. NBC Securities Inc. grew its holdings in shares of América Móvil by 655.3% in the 1st quarter. NBC Securities Inc. now owns 13,717 shares of the Wireless communications provider’s stock worth $255,000 after purchasing an additional 11,901 shares during the last quarter. Gateway Investment Advisers LLC bought a new stake in América Móvil during the first quarter worth about $204,000. Sound Income Strategies LLC increased its holdings in shares of América Móvil by 43.5% during the first quarter. Sound Income Strategies LLC now owns 3,466 shares of the Wireless communications provider’s stock worth $65,000 after buying an additional 1,051 shares in the last quarter. Harbour Capital Advisors LLC acquired a new stake in shares of América Móvil during the first quarter worth approximately $206,000. Finally, Private Ocean LLC bought a new position in shares of América Móvil in the first quarter valued at approximately $26,000. 6.30% of the stock is currently owned by institutional investors and hedge funds.

América Móvil Trading Up 0.9 %

América Móvil stock traded up $0.15 during trading hours on Friday, reaching $17.13. 1,320,637 shares of the company’s stock traded hands, compared to its average volume of 1,563,431. The firm has a market capitalization of $53.19 billion, a price-to-earnings ratio of 15.86, a PEG ratio of 0.98 and a beta of 0.95. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.63 and a current ratio of 0.68. América Móvil, S.A.B. de C.V. has a fifty-two week low of $15.55 and a fifty-two week high of $20.31. The firm’s 50 day moving average is $16.57 and its 200-day moving average is $17.53.

América Móvil Increases Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Monday, November 18th. Investors of record on Friday, November 8th will be issued a $0.245 dividend. This is a positive change from América Móvil’s previous semi-annual dividend of $0.18. This represents a yield of 2%. The ex-dividend date is Friday, November 8th. América Móvil’s dividend payout ratio is currently 22.22%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on AMX. UBS Group decreased their price target on América Móvil from $23.30 to $22.60 and set a “buy” rating on the stock in a research report on Thursday, July 18th. The Goldman Sachs Group decreased their target price on América Móvil from $21.00 to $20.80 and set a “buy” rating on the stock in a report on Monday, October 14th. Scotiabank cut their price target on América Móvil from $17.80 to $17.30 and set a “sector perform” rating for the company in a report on Wednesday. Finally, StockNews.com lowered shares of América Móvil from a “strong-buy” rating to a “buy” rating in a research report on Friday. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, América Móvil currently has a consensus rating of “Moderate Buy” and an average target price of $20.32.

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.