Amundi Purchases 239,057 Shares of America Movil, S.A.B. de C.V. Unsponsored ADR $AMX

Key Points

• Amundi increased its America Movil stake by 11.2% in the first quarter, purchasing 239,057 additional shares and bringing its holdings to 2.38 million shares valued at approximately $60.7 million.
• America Movil reported quarterly revenue of $13.78 billion and EPS of $0.02, while recently paying a special dividend of $0.3078 per share.
• Analyst sentiment remains mixed: the stock has a consensus “Hold” rating and an average price target of $28.16, compared with a recent price of $25.36.

Amundi increased its position in America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX - Free Report) by 11.2% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 2,381,539 shares of the Wireless communications provider's stock after acquiring an additional 239,057 shares during the quarter. Amundi owned about 0.08% of America Movil worth $60,682,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Camelot Portfolios LLC bought a new position in America Movil in the 4th quarter worth approximately $31,000. Atlas Capital Advisors Inc. purchased a new stake in shares of America Movil during the fourth quarter worth $37,000. EverSource Wealth Advisors LLC lifted its position in shares of America Movil by 142.3% during the second quarter. EverSource Wealth Advisors LLC now owns 2,103 shares of the Wireless communications provider's stock worth $38,000 after acquiring an additional 1,235 shares in the last quarter. Arax Advisory Partners boosted its holdings in shares of America Movil by 34.0% in the fourth quarter. Arax Advisory Partners now owns 2,412 shares of the Wireless communications provider's stock worth $50,000 after acquiring an additional 612 shares during the period. Finally, Geneos Wealth Management Inc. purchased a new position in shares of America Movil in the second quarter valued at $54,000. 6.30% of the stock is owned by hedge funds and other institutional investors.

America Movil Stock Up 0.1%

AMX stock opened at $25.36 on Monday. The company's 50 day moving average is $25.98 and its 200 day moving average is $24.95. The stock has a market cap of $76.22 billion, a price-to-earnings ratio of 15.28, a price-to-earnings-growth ratio of 0.81 and a beta of 0.65. The company has a current ratio of 0.71, a quick ratio of 0.66 and a debt-to-equity ratio of 0.90. America Movil, S.A.B. de C.V. Unsponsored ADR has a 1-year low of $17.90 and a 1-year high of $28.46.

America Movil (NYSE:AMX - Get Free Report) last announced its earnings results on Wednesday, July 1st. The Wireless communications provider reported $0.02 earnings per share (EPS) for the quarter. The business had revenue of $13.78 billion during the quarter. America Movil had a net margin of 9.38% and a return on equity of 20.33%. Sell-side analysts predict that America Movil, S.A.B. de C.V. Unsponsored ADR will post 1.92 EPS for the current fiscal year.

America Movil Dividend Announcement

The business also recently disclosed a special dividend, which was paid on Wednesday, July 22nd. Stockholders of record on Tuesday, July 14th were issued a dividend of $0.3078 per share. The ex-dividend date of this dividend was Tuesday, July 14th. America Movil's payout ratio is currently 35.54%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. The Goldman Sachs Group assumed coverage on America Movil in a report on Monday, May 18th. They set a "buy" rating and a $31.80 price objective on the stock. Weiss Ratings raised shares of America Movil from a "hold (c-)" rating to a "hold (c)" rating in a report on Monday, May 18th. JPMorgan Chase & Co. raised their price objective on shares of America Movil from $24.50 to $30.00 and gave the company a "neutral" rating in a research report on Thursday, May 14th. Wall Street Zen cut shares of America Movil from a "strong-buy" rating to a "buy" rating in a research note on Monday, July 20th. Finally, Scotiabank decreased their target price on shares of America Movil from $21.80 to $20.80 and set a "sector perform" rating on the stock in a report on Wednesday, May 27th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and seven have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $28.16.

America Movil Company Profile

América Móvil is a Mexican telecommunications company headquartered in Mexico City that provides a broad range of communications services. Established in the early 2000s out of the expansion of the Slim family's telecommunications holdings, the company is a major provider of mobile and fixed-line telephony, broadband internet and pay-television services in the region. Its operations span retail consumer services as well as wholesale and enterprise solutions, positioning it as an integrated communications provider across multiple customer segments.

The company markets services under several regional brands—most notably Telcel in Mexico and Claro across many Latin American markets—and offers both prepaid and postpaid mobile plans, fixed and mobile broadband, fiber-to-the-home where available, and video/broadcast distribution services.

Want to see what other hedge funds are holding AMX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source