America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) Stock Holdings Lifted by AIA Group Ltd

Key Points

• AIA Group Ltd increased its holdings in America Movil by 32.5%, acquiring 53,647 additional shares in the first quarter, bringing its total shares to 218,621 valued at $3,109,000.
• Several hedge funds also boosted their positions in America Movil, with Aigen Investment Management raising its stake by 128.1% and others like Connor Clark & Lunn and Raiffeisen Bank making significant increases as well.
• America Movil announced a semi-annual dividend of $0.2732, up from the previous $0.24, reflecting a 300% yield and a payout ratio of 54.26%.

AIA Group Ltd lifted its holdings in shares of America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX - Free Report) by 32.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 218,621 shares of the Wireless communications provider's stock after purchasing an additional 53,647 shares during the period. AIA Group Ltd's holdings in America Movil were worth $3,109,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Transce3nd LLC acquired a new position in America Movil during the fourth quarter worth approximately $26,000. Parvin Asset Management LLC acquired a new position in America Movil during the fourth quarter worth approximately $39,000. Garde Capital Inc. acquired a new position in America Movil during the first quarter worth approximately $40,000. Farther Finance Advisors LLC increased its position in America Movil by 21.9% during the first 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. Finally, Signaturefd LLC increased its position in America Movil by 10.4% during the first quarter. Signaturefd LLC now owns 9,976 shares of the Wireless communications provider's stock worth $142,000 after purchasing an additional 937 shares during the last quarter. 6.30% of the stock is owned by hedge funds and other institutional investors.

America Movil Stock Up 1.1%

Shares of AMX stock traded up $0.21 on Friday, hitting $19.07. The stock had a trading volume of 1,518,818 shares, compared to its average volume of 1,909,233. The firm has a market capitalization of $57.59 billion, a price-to-earnings ratio of 20.29 and a beta of 0.80. The stock's 50 day moving average is $17.83 and its 200-day moving average is $16.28. 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 52-week low of $13.10 and a 52-week high of $19.30.

America Movil (NYSE:AMX - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The Wireless communications provider reported $0.38 EPS for the quarter, missing analysts' consensus estimates of $0.49 by ($0.11). America Movil had a net margin of 6.11% and a return on equity of 12.59%. The company had revenue of $12.50 billion for the quarter, compared to the consensus estimate of $233.77 billion. 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 business also recently disclosed a semi-annual dividend, which was paid on Monday, July 21st. Shareholders of record on Friday, July 11th were paid a dividend of $0.2732 per share. This is a positive change from America Movil's previous semi-annual dividend of $0.24. The ex-dividend date was Friday, July 11th. This represents a yield of 300.0%. America Movil's payout ratio is currently 54.26%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on AMX. UBS Group increased their price objective on shares of America Movil from $20.40 to $21.10 and gave the stock a "neutral" rating in a research report on Monday, July 28th. JPMorgan Chase & Co. upgraded shares of America Movil from an "underweight" rating to a "neutral" rating and upped their target price for the company from $15.00 to $21.00 in a research note on Friday, August 8th. Finally, Wall Street Zen upgraded shares of America Movil from a "hold" rating to a "buy" rating in a research note on Saturday, July 12th. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $18.12.

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.