America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. cut its holdings in shares of America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX - Free Report) by 17.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,627,769 shares of the Wireless communications provider's stock after selling 333,422 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.05% of America Movil worth $23,147,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Lazard Asset Management LLC lifted its position in America Movil by 12.6% during 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. Bank of America Corp DE lifted its position in America Movil by 278.8% during 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. First Trust Advisors LP lifted its position in America Movil by 1.7% during the fourth quarter. First Trust Advisors LP now owns 2,999,200 shares of the Wireless communications provider's stock valued at $42,919,000 after purchasing an additional 48,849 shares during the period. Capital International Sarl lifted its position in America Movil by 2.4% during the fourth quarter. Capital International Sarl now owns 1,207,240 shares of the Wireless communications provider's stock valued at $17,276,000 after purchasing an additional 28,676 shares during the period. Finally, BNP Paribas Financial Markets acquired a new position in shares of America Movil in the fourth quarter worth about $16,791,000. 6.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on AMX shares. UBS Group set a $19.60 price objective on shares of America Movil in a research report on Wednesday, May 21st. Wall Street Zen downgraded shares of America Movil from a "buy" rating to a "hold" rating in a research report on Saturday, June 14th. Hsbc Global Res upgraded shares of America Movil from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 14th. Finally, HSBC upgraded shares of America Movil from a "hold" rating to a "buy" rating and upped their price objective for the stock from $15.50 to $17.50 in a research report on Monday, April 14th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $16.62.

America Movil Stock Down 0.3%

AMX stock opened at $17.50 on Friday. The stock has a market capitalization of $53.12 billion, a P/E ratio of 32.41, a P/E/G ratio of 1.11 and a beta of 0.78. The firm has a 50-day simple moving average of $17.16 and a 200-day simple moving average of $15.34. The company has a quick ratio of 0.66, a current ratio of 0.71 and a debt-to-equity ratio of 1.05. America Movil, S.A.B. de C.V. Unsponsored ADR has a 52 week low of $13.10 and a 52 week high of $18.73.

America Movil (NYSE:AMX - Get Free Report) last released its earnings results on Wednesday, April 30th. The Wireless communications provider reported $0.30 EPS for the quarter, missing analysts' consensus estimates of $0.32 by ($0.02). The company had revenue of $11.36 billion for the quarter, compared to analysts' expectations of $11.28 billion. America Movil had a return on equity of 7.19% and a net margin of 3.55%. Equities analysts forecast 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 disclosed a semi-annual dividend, which will be paid on Monday, July 21st. Shareholders of record on Friday, July 11th will be issued a $0.2732 dividend. The ex-dividend date is Friday, July 11th. This represents a yield of 3%. This is a positive change from America Movil's previous semi-annual dividend of $0.24. America Movil's dividend payout ratio (DPR) is presently 44.44%.

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.

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