Capital Fund Management S.A. Buys Shares of 116,578 America Movil, S.A.B. de C.V. Unsponsored ADR $AMX

Key Points

• Capital Fund Management S.A. has acquired a new stake in América Móvil, purchasing 116,578 shares valued at approximately $1.66 million.
• Several institutional investors, including Wellington Management and Northern Trust Corp, have significantly increased their positions in América Móvil during the first quarter.
• América Móvil recently declared a semi-annual dividend of $0.2732 per share, an increase from the prior dividend, and this reflects a strong 300.0% dividend yield.

Capital Fund Management S.A. bought a new stake in America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 116,578 shares of the Wireless communications provider's stock, valued at approximately $1,658,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AMX. Parvin Asset Management LLC acquired a new stake in shares of America Movil in the fourth quarter valued at approximately $39,000. Garde Capital Inc. acquired a new position in shares of America Movil during the 1st quarter worth about $40,000. Farther Finance Advisors LLC grew its holdings 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 valued at $55,000 after purchasing an additional 685 shares during the period. Brooklyn Investment Group grew its holdings in shares of America Movil by 463.5% in the 1st quarter. Brooklyn Investment Group now owns 7,743 shares of the Wireless communications provider's stock valued at $110,000 after buying an additional 6,369 shares during the period. Finally, Caitong International Asset Management Co. Ltd grew its position in shares of America Movil by 222.2% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 7,849 shares of the Wireless communications provider's stock valued at $112,000 after purchasing an additional 5,413 shares during the period. Institutional investors and hedge funds own 6.30% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on AMX. JPMorgan Chase & Co. raised shares of America Movil from an "underweight" rating to a "neutral" rating and upped their target price for the stock from $15.00 to $21.00 in a research note on Friday, August 8th. UBS Group increased their price target on shares of America Movil from $20.40 to $21.10 and gave the company a "neutral" rating in a research note on Monday, July 28th. Finally, Wall Street Zen raised America Movil from a "hold" rating to a "buy" rating in a report on Saturday, July 12th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $18.12.

America Movil Price Performance

Shares of NYSE:AMX traded up $0.22 during trading on Thursday, hitting $20.13. 1,641,551 shares of the company were exchanged, compared to its average volume of 2,057,209. The business's 50 day moving average is $18.27 and its 200-day moving average is $16.61. America Movil, S.A.B. de C.V. Unsponsored ADR has a 1-year low of $13.10 and a 1-year high of $20.31. The company has a quick ratio of 0.70, a current ratio of 0.75 and a debt-to-equity ratio of 1.02. The company has a market capitalization of $60.78 billion, a P/E ratio of 21.41 and a beta of 0.80.

America Movil (NYSE:AMX - Get Free Report) last released its quarterly earnings data 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 net margin of 6.11% and a return on equity of 12.59%. The firm had revenue of $12.50 billion during the quarter, compared to analyst estimates of $233.77 billion. Equities analysts forecast 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 declared a semi-annual dividend, which was paid on Monday, July 21st. Stockholders of record on Friday, July 11th were paid a $0.2732 dividend. The ex-dividend date of this dividend was Friday, July 11th. This is a positive change from America Movil's previous semi-annual dividend of $0.24. This represents a dividend yield of 300.0%. America Movil's 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.