Wellington Management Group LLP Has $18.31 Million Stake in America Movil, S.A.B. de C.V. Unsponsored ADR $AMX

Key Points

• Wellington Management Group LLP increased its stake in America Movil by 21.6% during the 1st quarter, bringing its total holdings to approximately $18.3 million.
• America Movil recently declared a semi-annual dividend of $0.2732 per share, representing a 300% yield increase from the previous dividend.
• Wall Street analysts upgraded America Movil's stock rating, with some projecting a target price boost, and the average rating is now a "Moderate Buy" with an average target price of $18.12.

Wellington Management Group LLP boosted its stake in America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX - Free Report) by 21.6% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,287,526 shares of the Wireless communications provider's stock after purchasing an additional 228,908 shares during the period. Wellington Management Group LLP's holdings in America Movil were worth $18,309,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of AMX. Bank of America Corp DE increased its holdings in America Movil by 278.8% in the fourth 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 purchasing an additional 7,519,147 shares during the period. Lazard Asset Management LLC increased its holdings in America Movil by 12.6% in the fourth quarter. Lazard Asset Management LLC now owns 14,089,624 shares of the Wireless communications provider's stock valued at $201,621,000 after purchasing an additional 1,571,290 shares during the period. BNP Paribas Financial Markets acquired a new stake in America Movil in the fourth quarter valued at $16,791,000. Teacher Retirement System of Texas increased its holdings in America Movil by 93.0% in the first quarter. Teacher Retirement System of Texas now owns 1,585,100 shares of the Wireless communications provider's stock valued at $22,540,000 after purchasing an additional 764,000 shares during the period. Finally, Voloridge Investment Management LLC acquired a new stake in America Movil in the fourth quarter valued at $4,045,000. 6.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Wall Street Zen upgraded America Movil from a "hold" rating to a "buy" rating in a report on Saturday, July 12th. JPMorgan Chase & Co. upgraded 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 report on Friday, August 8th. Finally, UBS Group increased their price target on America Movil from $20.40 to $21.10 and gave the stock a "neutral" rating in a report on Monday, July 28th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, America Movil has a consensus rating of "Moderate Buy" and a consensus price target of $18.12.

America Movil Stock Down 0.9%

Shares of AMX stock traded down $0.18 on Friday, reaching $19.94. 1,232,477 shares of the company were exchanged, compared to its average volume of 2,065,108. The company has a market cap of $60.23 billion, a price-to-earnings ratio of 21.22 and a beta of 0.85. The company has a 50-day moving average of $18.33 and a 200-day moving average of $16.67. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.75 and a quick ratio of 0.70. America Movil, S.A.B. de C.V. Unsponsored ADR has a one year low of $13.10 and a one year high of $20.31.

America Movil (NYSE:AMX - Get Free Report) last released its quarterly earnings data 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 company had revenue of $12.50 billion for the quarter, compared to the consensus estimate of $233.77 billion. America Movil had a return on equity of 12.59% and a net margin of 6.11%. Analysts anticipate 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 business also recently disclosed 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 of this dividend was Friday, July 11th. This represents a dividend yield of 300.0%. America Movil's payout ratio is currently 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.