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

America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX - Get Free Report) declared a semi-annual dividend on Friday, June 20th, Wall Street Journal reports. Investors 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 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. Equities research 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 Stock Performance

AMX stock traded down $0.25 during mid-day trading on Friday, reaching $16.97. The company had a trading volume of 3,210,101 shares, compared to its average volume of 1,975,667. America Movil has a one year low of $13.10 and a one year high of $18.73. The stock has a market capitalization of $51.49 billion, a P/E ratio of 31.42, a P/E/G ratio of 1.08 and a beta of 0.78. The company has a quick ratio of 0.66, a current ratio of 0.71 and a debt-to-equity ratio of 1.05. The stock's 50-day simple moving average is $16.92 and its two-hundred day simple moving average is $15.25.

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

Wall Street Analysts Forecast Growth

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

Institutional Trading of America Movil

A number of hedge funds and other institutional investors have recently modified their holdings of AMX. Brighton Jones LLC bought a new stake in America Movil in the fourth quarter worth about $154,000. Royal Bank of Canada raised its holdings in shares of America Movil by 16.9% in the 1st quarter. Royal Bank of Canada now owns 375,504 shares of the Wireless communications provider's stock worth $5,339,000 after purchasing an additional 54,152 shares in the last quarter. Jones Financial Companies Lllp lifted its stake in 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 valued at $330,000 after purchasing an additional 22,226 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in America Movil by 15.2% during the first quarter. Goldman Sachs Group Inc. now owns 778,584 shares of the Wireless communications provider's stock worth $11,071,000 after buying an additional 102,545 shares in the last quarter. Finally, Jane Street Group LLC grew its position 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 worth $719,000 after buying an additional 4,373 shares during the last quarter. Institutional investors own 6.30% of the company's stock.

About America Movil

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.