American Century Companies Inc. Grows Stock Holdings in 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. grew its holdings in shares of America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX - Free Report) by 7.0% in the 1st quarter, according to its most recent disclosure with the SEC. The fund 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.

Several other large investors have also recently made changes to their positions in the business. Brighton Jones LLC bought a new stake in shares of America Movil during the fourth quarter valued at approximately $154,000. Raymond James Financial Inc. bought a new stake in shares of America Movil during the fourth quarter valued at approximately $1,386,000. NewEdge Advisors LLC increased its position in shares of America Movil by 226.6% during the fourth quarter. NewEdge Advisors LLC now owns 15,188 shares of the Wireless communications provider's stock valued at $217,000 after acquiring an additional 10,538 shares in the last quarter. Marshall Wace LLP bought a new stake in shares of America Movil during the fourth quarter valued at approximately $329,000. Finally, Northern Trust Corp increased its position in shares of America Movil by 29.7% during the fourth quarter. Northern Trust Corp now owns 1,044,603 shares of the Wireless communications provider's stock valued at $14,948,000 after acquiring an additional 238,895 shares in the last quarter. 6.30% of the stock is currently owned by hedge funds and other institutional investors.

America Movil Stock Performance

Shares of AMX stock traded down $0.18 during mid-day trading on Friday, reaching $19.94. 1,232,477 shares of the company's stock traded hands, compared to its average volume of 2,077,872. 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 firm has a 50 day moving average price of $18.33 and a two-hundred day moving average price of $16.66. 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 firm has a market capitalization of $60.23 billion, a PE ratio of 21.22 and a beta of 0.80.

America Movil (NYSE:AMX - Get Free Report) last issued 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). America Movil had a net margin of 6.11% and a return on equity of 12.59%. The business had revenue of $12.50 billion for the quarter, compared to the consensus estimate of $233.77 billion. On average, research analysts forecast that America Movil, S.A.B. de C.V. Unsponsored ADR will post 1.51 EPS for the current year.

America Movil Increases Dividend

The company also recently announced a semi-annual dividend, which was paid on Monday, July 21st. Investors 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 dividend yield of 300.0%. America Movil's dividend payout ratio is presently 54.26%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on AMX shares. JPMorgan Chase & Co. raised shares of America Movil from an "underweight" rating to a "neutral" rating and raised their price target for the company from $15.00 to $21.00 in a research report on Friday, August 8th. Wall Street Zen raised shares of America Movil from a "hold" rating to a "buy" rating in a research report on Saturday, July 12th. Finally, UBS Group lifted their target price 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. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $18.12.

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.