American Century Companies Inc. Buys 74,920 Shares of America Movil, S.A.B. de C.V. Unsponsored ADR $AMX

Key Points

• American Century Companies Inc. increased its stake in América Móvil by 7.0%, owning a total of 1,144,560 shares valued at approximately $16.3 million after purchasing additional shares in the first quarter.
• Recent analyst ratings show a positive outlook for América Móvil, with price targets raised by UBS and JPMorgan, and the stock receiving an average rating of "Moderate Buy" with a consensus target of $18.12.
• America Movil declared an increase in its semi-annual dividend to $0.2732 per share, reflecting a yield of 300.0% and a payout ratio of 54.26%.

American Century Companies Inc. increased its stake in shares of America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX - Free Report) by 7.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,144,560 shares of the Wireless communications provider's stock after purchasing an additional 74,920 shares during the period. American Century Companies Inc.'s holdings in America Movil were worth $16,276,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. increased its holdings in America Movil by 41.4% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 21,376 shares of the Wireless communications provider's stock valued at $304,000 after purchasing an additional 6,263 shares during the last quarter. Sequoia Financial Advisors LLC increased its holdings in America Movil by 38.4% in the first quarter. Sequoia Financial Advisors LLC now owns 14,978 shares of the Wireless communications provider's stock valued at $213,000 after purchasing an additional 4,154 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in 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 during the last quarter. GAMMA Investing LLC increased its holdings in America Movil by 3,713.1% in the first quarter. GAMMA Investing LLC now owns 14,604 shares of the Wireless communications provider's stock valued at $208,000 after purchasing an additional 14,221 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. increased its holdings in America Movil by 109.2% in the first quarter. Oppenheimer Asset Management Inc. now owns 26,901 shares of the Wireless communications provider's stock valued at $383,000 after purchasing an additional 14,044 shares during the last quarter. Institutional investors own 6.30% of the company's stock.

Wall Street Analyst Weigh In

AMX has been the subject of several recent analyst reports. 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. Wall Street Zen upgraded America Movil from a "hold" rating to a "buy" rating in a report on Saturday, July 12th. 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 given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $18.12.

America Movil Stock Down 0.1%

AMX traded down $0.02 on Wednesday, hitting $19.95. 3,244,651 shares of the company were exchanged, compared to its average volume of 1,958,367. America Movil, S.A.B. de C.V. Unsponsored ADR has a 12 month low of $13.10 and a 12 month high of $20.31. The company has a market cap of $60.23 billion, a PE ratio of 21.22 and a beta of 0.80. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.70 and a current ratio of 0.75. The stock's fifty day moving average is $18.21 and its 200-day moving average is $16.57.

America Movil (NYSE:AMX - Get Free Report) last released 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 company had revenue of $12.50 billion for the quarter, compared to the consensus estimate of $233.77 billion. Equities research analysts predict that America Movil, S.A.B. de C.V. Unsponsored ADR will post 1.51 EPS for the current fiscal year.

America Movil Increases Dividend

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

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.