Aigen Investment Management LP Purchases 34,191 Shares of America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX)

Key Points

• Aigen Investment Management LP increased its holdings in America Movil by 128.1% in the first quarter, bringing the total value of its shares to $866,000.
• America Movil recently announced a semi-annual dividend of $0.2732 per share, an increase from the previous dividend, representing a yield of 300.0%.
• Wall Street analysts have issued a consensus rating of "Moderate Buy" for America Movil, with a price target of $18.12, reflecting optimism about the company's growth potential.

Aigen Investment Management LP raised its position in America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX - Free Report) by 128.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 60,877 shares of the Wireless communications provider's stock after acquiring an additional 34,191 shares during the quarter. Aigen Investment Management LP's holdings in America Movil were worth $866,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the stock. Lazard Asset Management LLC grew its position in shares of America Movil by 12.6% during the fourth quarter. Lazard Asset Management LLC now owns 14,089,624 shares of the Wireless communications provider's stock worth $201,621,000 after acquiring an additional 1,571,290 shares during the last quarter. Bank of America Corp DE grew its stake in shares of America Movil by 278.8% in the 4th quarter. Bank of America Corp DE now owns 10,216,018 shares of the Wireless communications provider's stock valued at $146,191,000 after buying an additional 7,519,147 shares in the last quarter. First Trust Advisors LP lifted its holdings in America Movil by 1.7% in the 4th quarter. First Trust Advisors LP now owns 2,999,200 shares of the Wireless communications provider's stock worth $42,919,000 after purchasing an additional 48,849 shares during the last quarter. Teacher Retirement System of Texas lifted its holdings in America Movil by 93.0% in the 1st quarter. Teacher Retirement System of Texas now owns 1,585,100 shares of the Wireless communications provider's stock worth $22,540,000 after purchasing an additional 764,000 shares during the last quarter. Finally, Capital International Sarl lifted its holdings in shares of America Movil by 2.4% during the fourth quarter. Capital International Sarl now owns 1,207,240 shares of the Wireless communications provider's stock worth $17,276,000 after buying an additional 28,676 shares during the last quarter. Institutional investors and hedge funds own 6.30% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. JPMorgan Chase & Co. upgraded America Movil from an "underweight" rating to a "neutral" rating and upped their target price for the company from $15.00 to $21.00 in a research note on Friday, August 8th. UBS Group increased their target price on America Movil from $20.40 to $21.10 and gave the stock a "neutral" rating in a report on Monday, July 28th. Finally, Wall Street Zen raised America Movil from a "hold" rating to a "buy" rating in a research note on Saturday, July 12th. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $18.12.

America Movil Stock Up 1.1%

Shares of NYSE AMX traded up $0.21 during mid-day trading on Friday, reaching $19.07. 1,518,818 shares of the company's stock were exchanged, compared to its average volume of 1,909,233. The firm has a market capitalization of $57.59 billion, a price-to-earnings ratio of 20.29 and a beta of 0.80. The company has a current ratio of 0.75, a quick ratio of 0.70 and a debt-to-equity ratio of 1.02. The business has a fifty day simple moving average of $17.83 and a 200 day simple moving average of $16.28. America Movil, S.A.B. de C.V. Unsponsored ADR has a twelve month low of $13.10 and a twelve month high of $19.30.

America Movil (NYSE:AMX - Get Free Report) last released its quarterly earnings data on Tuesday, July 22nd. The Wireless communications provider reported $0.38 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.11). America Movil had a net margin of 6.11% and a return on equity of 12.59%. The company had revenue of $12.50 billion during the quarter, compared to analyst estimates of $233.77 billion. As a group, equities analysts expect that America Movil, S.A.B. de C.V. Unsponsored ADR will post 1.51 EPS for the current fiscal year.

America Movil Increases Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Monday, July 21st. Investors of record on Friday, July 11th were given a dividend of $0.2732 per share. The ex-dividend date was Friday, July 11th. This represents a yield of 300.0%. This is an increase from America Movil's previous semi-annual dividend of $0.24. America Movil's dividend payout ratio is presently 54.26%.

America Movil 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.