America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) Raises Dividend to $0.27 Per Share

America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX - Get Free Report) announced a semi-annual dividend on Friday, June 20th, Wall Street Journal reports. Shareholders of record on Friday, July 11th will be paid a dividend of 0.2732 per share by the Wireless communications provider on Monday, July 21st. This represents a yield of 3%. The ex-dividend date of this dividend is Friday, July 11th. This is a 11.5% increase from America Movil's previous semi-annual dividend of $0.24.

America Movil has a payout ratio of 13.9% meaning its dividend is sufficiently covered by earnings. Analysts expect America Movil to earn $1.72 per share next year, which means the company should continue to be able to cover its $0.24 annual dividend with an expected future payout ratio of 14.0%.

America Movil Price Performance

Shares of NYSE AMX traded down $0.04 during midday trading on Monday, reaching $16.99. 2,559,892 shares of the company traded hands, compared to its average volume of 1,985,349. The stock's 50-day simple moving average is $16.98 and its 200-day simple moving average is $15.27. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.66 and a current ratio of 0.71. America Movil has a 12 month low of $13.10 and a 12 month high of $18.73. The firm has a market cap of $51.56 billion, a PE ratio of 31.46, a PEG ratio of 1.07 and a beta of 0.78.

America Movil (NYSE:AMX - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The Wireless communications provider reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.02). The firm had revenue of $11.36 billion for the quarter, compared to the consensus estimate of $11.28 billion. America Movil had a net margin of 3.55% and a return on equity of 7.19%. As a group, equities analysts anticipate that America Movil will post 1.51 earnings per share for the current fiscal year.

Institutional Trading of America Movil

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AMX. Brighton Jones LLC acquired a new position in America Movil during the 4th quarter valued at about $154,000. Jones Financial Companies Lllp raised its stake in shares of America Movil by 2,189.8% during the first quarter. Jones Financial Companies Lllp now owns 23,241 shares of the Wireless communications provider's stock worth $330,000 after buying an additional 22,226 shares during the last quarter. Jane Street Group LLC lifted its holdings in America Movil by 9.5% in the first quarter. Jane Street Group LLC now owns 50,584 shares of the Wireless communications provider's stock valued at $719,000 after buying an additional 4,373 shares during the period. Royal Bank of Canada boosted its stake in America Movil by 16.9% in the first quarter. Royal Bank of Canada now owns 375,504 shares of the Wireless communications provider's stock valued at $5,339,000 after acquiring an additional 54,152 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in America Movil by 15.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 778,584 shares of the Wireless communications provider's stock worth $11,071,000 after acquiring an additional 102,545 shares during the period. 6.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. UBS Group set a $19.60 target price on America Movil in a report on Wednesday, May 21st. Wall Street Zen lowered America Movil from a "buy" rating to a "hold" rating in a research note on Saturday, June 14th. HSBC upgraded America Movil from a "hold" rating to a "buy" rating and increased their target price for the stock from $15.50 to $17.50 in a report on Monday, April 14th. Finally, Hsbc Global Res upgraded shares of America Movil from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 14th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $16.62.

America Movil Company 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.