Macquarie Group Ltd. reduced its position in shares of Amer Movil (NYSE:AMX) by 4.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,146,530 shares of the company’s stock after selling 50,000 shares during the period. Macquarie Group Ltd.’s holdings in Amer Movil were worth $14,057,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of AMX. Ladenburg Thalmann Financial Services Inc. increased its stake in shares of Amer Movil by 0.4% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 81,469 shares of the company’s stock worth $1,276,000 after buying an additional 362 shares during the period. BNP Paribas Arbitrage SA increased its stake in shares of Amer Movil by 39.7% in the second quarter. BNP Paribas Arbitrage SA now owns 293,054 shares of the company’s stock worth $3,593,000 after buying an additional 83,312 shares during the period. Creative Planning increased its stake in shares of Amer Movil by 1.3% in the second quarter. Creative Planning now owns 54,727 shares of the company’s stock worth $671,000 after buying an additional 716 shares during the period. Fisher Asset Management LLC increased its stake in shares of Amer Movil by 69.4% in the second quarter. Fisher Asset Management LLC now owns 11,405,935 shares of the company’s stock worth $140,179,000 after buying an additional 4,673,804 shares during the period. Finally, Harding Loevner LP increased its stake in shares of Amer Movil by 3.1% in the second quarter. Harding Loevner LP now owns 6,314,918 shares of the company’s stock worth $77,421,000 after buying an additional 187,470 shares during the period. Institutional investors and hedge funds own 7.53% of the company’s stock.

Institutional Ownership by Quarter for Amer Movil (NYSE:AMX)

Shares of Amer Movil (NYSE:AMX) traded up 0.382% on Tuesday, reaching $11.825. The company’s stock had a trading volume of 706,522 shares. The stock has a market capitalization of $38.73 billion, a price-to-earnings ratio of 26.875 and a beta of 0.76. The stock has a 50-day moving average of $12.02 and a 200 day moving average of $12.02. Amer Movil has a 52 week low of $11.02 and a 52 week high of $16.62.

The company also recently disclosed a dividend, which was paid on Monday, October 31st. Shareholders of record on Monday, October 31st were given a $0.151 dividend. The ex-dividend date of this dividend was Thursday, October 27th. Amer Movil’s dividend payout ratio is currently 55.77%.

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AMX has been the subject of a number of research analyst reports. Credit Suisse Group AG reiterated a “hold” rating and issued a $12.00 price target on shares of Amer Movil in a report on Wednesday, September 21st. Citigroup Inc. upgraded Amer Movil from a “sell” rating to a “neutral” rating and upped their price objective for the stock from $10.50 to $12.00 in a research note on Friday, October 28th. Zacks Investment Research upgraded Amer Movil from a “sell” rating to a “hold” rating in a research note on Tuesday, November 1st. Finally, Bank of America Corp. upgraded Amer Movil from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $13.00 to $13.50 in a research note on Tuesday, November 22nd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the stock. Amer Movil has an average rating of “Hold” and a consensus price target of $13.08.

Amer Movil Company Profile

America Movil, SAB. de C.V. is a holding company. The Company provides telecommunications services. Its services include mobile and fixed-line voice services, wireless and fixed data services, Internet access and pay television, sales of equipment, accessories and computers, as well as other related services.

5 Day Chart for NYSE:AMX

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