America Movil, S.A.B. de C.V. Unsponsored ADR $AMX Position Increased by APG Asset Management N.V.

Key Points

• APG Asset Management N.V. increased its stake in America Movil by 96.5%, purchasing an additional 15,708 shares, bringing its total holdings to 31,979 shares worth $421,000.
• America Movil recently increased its semi-annual dividend to $0.2732 per share, up from $0.24, yielding approximately 300.0%.
• Analysts have upgraded America Movil's stock rating to "neutral" with a target price of $21.00, reflecting a positive outlook in a recent report from JPMorgan Chase & Co.

APG Asset Management N.V. increased its stake in America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX - Free Report) by 96.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 31,979 shares of the Wireless communications provider's stock after purchasing an additional 15,708 shares during the period. APG Asset Management N.V.'s holdings in America Movil were worth $421,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Parvin Asset Management LLC bought a new stake in shares of America Movil in the 4th quarter worth approximately $39,000. Garde Capital Inc. bought a new stake in shares of America Movil in the 1st quarter worth approximately $40,000. Farther Finance Advisors LLC lifted its holdings in shares of America Movil by 21.9% in 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. Brooklyn Investment Group lifted its holdings in shares of America Movil by 463.5% in the 1st quarter. Brooklyn Investment Group now owns 7,743 shares of the Wireless communications provider's stock worth $110,000 after purchasing an additional 6,369 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd lifted its holdings in shares of America Movil by 222.2% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 7,849 shares of the Wireless communications provider's stock worth $112,000 after purchasing an additional 5,413 shares during the last quarter. Institutional investors own 6.30% of the company's stock.

America Movil Stock Down 0.1%

Shares of AMX stock opened at $19.95 on Thursday. America Movil, S.A.B. de C.V. Unsponsored ADR has a 1 year low of $13.10 and a 1 year high of $20.31. The stock has a market cap of $60.23 billion, a PE ratio of 21.22 and a beta of 0.80. The business's fifty day moving average is $18.21 and its 200-day moving average is $16.57. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.70 and a current ratio of 0.75.

America Movil (NYSE:AMX - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The Wireless communications provider reported $0.38 earnings per share (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 firm had revenue of $12.50 billion for the quarter, compared to analyst estimates of $233.77 billion. Equities analysts expect that America Movil, S.A.B. de C.V. Unsponsored ADR will post 1.51 earnings per share for the current fiscal year.

America Movil Increases Dividend

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

Wall Street Analyst Weigh In

Several brokerages recently issued reports on AMX. JPMorgan Chase & Co. raised America Movil from an "underweight" rating to a "neutral" rating and raised their price target for the stock from $15.00 to $21.00 in a report on Friday, August 8th. UBS Group raised their target price on America Movil from $20.40 to $21.10 and gave the company a "neutral" rating in a research report on Monday, July 28th. Finally, Wall Street Zen upgraded America Movil from a "hold" rating to a "buy" rating in a research report on Saturday, July 12th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $18.12.

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.

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