Allspring Global Investments Holdings LLC Sells 771,934 Shares of America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX)

Allspring Global Investments Holdings LLC decreased its position in shares of America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX - Free Report) by 13.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,828,034 shares of the Wireless communications provider's stock after selling 771,934 shares during the period. Allspring Global Investments Holdings LLC owned 0.16% of America Movil worth $70,200,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Farther Finance Advisors LLC lifted its position in shares of America Movil by 21.9% during the 1st quarter. Farther Finance Advisors LLC now owns 3,813 shares of the Wireless communications provider's stock worth $55,000 after purchasing an additional 685 shares during the last quarter. Investors Research Corp boosted its position in shares of America Movil by 3.2% in the first quarter. Investors Research Corp now owns 25,701 shares of the Wireless communications provider's stock valued at $365,000 after acquiring an additional 800 shares during the period. Transce3nd LLC acquired a new stake in shares of America Movil in the fourth quarter worth $26,000. Lee Danner & Bass Inc. bought a new position in America Movil during the fourth quarter worth $29,000. Finally, Capital Group Investment Management PTE. LTD. raised its stake in America Movil by 1.8% during the 4th quarter. Capital Group Investment Management PTE. LTD. now owns 135,929 shares of the Wireless communications provider's stock valued at $1,945,000 after purchasing an additional 2,343 shares during the last quarter. 6.30% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

America Movil Trading Up 0.7%

NYSE:AMX traded up $0.13 during mid-day trading on Wednesday, hitting $18.11. The company had a trading volume of 1,444,130 shares, compared to its average volume of 1,975,770. The firm has a market cap of $54.96 billion, a P/E ratio of 33.54, a P/E/G ratio of 1.13 and a beta of 0.79. America Movil, S.A.B. de C.V. Unsponsored ADR has a fifty-two week low of $13.10 and a fifty-two week high of $18.73. The business's fifty day moving average is $17.23 and its two-hundred day moving average is $15.39. 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 (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 (EPS) for the quarter, missing analysts' consensus estimates of $0.32 by ($0.02). The firm had revenue of $11.36 billion for the quarter, compared to analyst estimates of $11.28 billion. America Movil had a net margin of 3.55% and a return on equity of 7.19%. As a group, research analysts expect that America Movil, S.A.B. de C.V. Unsponsored ADR will post 1.51 earnings per share for the current year.

America Movil Increases Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Monday, July 21st. Investors of record on Friday, July 11th will be paid a dividend of $0.2732 per share. This represents a yield of 3%. This is a boost from America Movil's previous semi-annual dividend of $0.24. The ex-dividend date of this dividend is Friday, July 11th. America Movil's dividend payout ratio is presently 44.44%.

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.