APG Asset Management N.V. Acquires 15,708 Shares of America Movil, S.A.B. de C.V. Unsponsored ADR $AMX

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 position in shares of America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX - Free Report) by 96.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 31,979 shares of the Wireless communications provider's stock after buying an additional 15,708 shares during the quarter. APG Asset Management N.V.'s holdings in America Movil were worth $421,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in AMX. Parvin Asset Management LLC bought a new stake in shares of America Movil in the 4th quarter worth approximately $39,000. Garde Capital Inc. acquired a new position in shares of America Movil in the first quarter valued at $40,000. Farther Finance Advisors LLC raised its stake in shares of America Movil by 21.9% in the first quarter. Farther Finance Advisors LLC now owns 3,813 shares of the Wireless communications provider's stock valued at $55,000 after purchasing an additional 685 shares in the last quarter. Brooklyn Investment Group lifted its position in America Movil by 463.5% in the first 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 period. Finally, Caitong International Asset Management Co. Ltd lifted its position in America Movil by 222.2% in the first 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 period. Institutional investors and hedge funds own 6.30% of the company's stock.

Analyst Upgrades and Downgrades

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

America Movil Price Performance

Shares of NYSE:AMX traded down $0.07 on Tuesday, hitting $19.93. The stock had a trading volume of 1,865,670 shares, compared to its average volume of 1,998,736. The firm's 50 day moving average price is $18.44 and its 200-day moving average price is $16.72. 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, S.A.B. de C.V. Unsponsored ADR has a twelve month low of $13.10 and a twelve month high of $20.31. The company has a market capitalization of $60.17 billion, a price-to-earnings ratio of 21.20 and a beta of 0.86.

America Movil (NYSE:AMX - Get Free Report) last announced its earnings results on Tuesday, July 22nd. The Wireless communications provider reported $0.38 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.49 by ($0.11). The firm had revenue of $12.50 billion for the quarter, compared to analyst estimates of $233.77 billion. America Movil had a return on equity of 12.59% and a net margin of 6.11%. On average, equities research analysts predict 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 company also recently announced a semi-annual dividend, which was paid on Monday, July 21st. Stockholders of record on Friday, July 11th were paid a $0.2732 dividend. This represents a dividend yield of 300.0%. This is an increase from America Movil's previous semi-annual dividend of $0.24. The ex-dividend date was Friday, July 11th. America Movil's dividend payout ratio is presently 54.26%.

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.