Boston Partners Sells 91,224 Shares of America Movil, S.A.B. de C.V. Unsponsored ADR $AMX

Boston Partners cut its stake in America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX - Free Report) by 59.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 63,285 shares of the Wireless communications provider's stock after selling 91,224 shares during the quarter. Boston Partners' holdings in America Movil were worth $900,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Transce3nd LLC bought a new stake in shares of America Movil in the fourth quarter worth approximately $26,000. Parvin Asset Management LLC purchased a new position in America Movil during the fourth quarter valued at approximately $39,000. Garde Capital Inc. purchased a new position in shares of America Movil in the first quarter worth $40,000. Farther Finance Advisors LLC lifted its holdings 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 worth $55,000 after buying an additional 685 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd lifted its holdings in shares of 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 buying an additional 5,413 shares in the last quarter. 6.30% of the stock is currently owned by institutional investors.

America Movil Trading Up 4.4%

Shares of NYSE AMX traded up $0.8550 during mid-day trading on Friday, reaching $20.2750. The company had a trading volume of 1,921,994 shares, compared to its average volume of 2,189,530. The business's 50-day moving average is $18.00 and its 200-day moving average is $16.41. 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 stock has a market cap of $61.23 billion, a price-to-earnings ratio of 21.58 and a beta of 0.80. America Movil, S.A.B. de C.V. Unsponsored ADR has a 52 week low of $13.10 and a 52 week high of $20.22.

America Movil (NYSE:AMX - Get Free Report) last issued its 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 return on equity of 12.59% and a net margin of 6.11%.The business had revenue of $12.50 billion for the quarter, compared to the consensus estimate 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 year.

America Movil Increases Dividend

The firm also recently announced a semi-annual dividend, which was paid on Monday, July 21st. Shareholders of record on Friday, July 11th were issued a dividend of $0.2732 per share. This represents a yield of 300.0%. The ex-dividend date was Friday, July 11th. This is a positive change from America Movil's previous semi-annual dividend of $0.24. America Movil's dividend payout ratio (DPR) is currently 54.26%.

Wall Street Analyst Weigh In

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