Capital Fund Management S.A. Makes New $1.66 Million Investment in 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 the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 116,578 shares of the Wireless communications provider's stock, valued at approximately $1,658,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Parvin Asset Management LLC acquired a new stake in America Movil in the fourth quarter valued at $39,000. Garde Capital Inc. acquired a new stake in shares of America Movil in the first quarter valued at about $40,000. Farther Finance Advisors LLC lifted its stake in shares of 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 period. Brooklyn Investment Group lifted its stake in shares of America Movil by 463.5% in the first quarter. Brooklyn Investment Group now owns 7,743 shares of the Wireless communications provider's stock valued at $110,000 after purchasing an additional 6,369 shares during the period. Finally, Caitong International Asset Management Co. Ltd lifted its stake in shares of America Movil by 222.2% in the first 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.

Analyst Upgrades and Downgrades

AMX has been the subject of a number of research reports. Wall Street Zen upgraded shares of America Movil from a "hold" rating to a "buy" rating in a research report on Saturday, July 12th. JPMorgan Chase & Co. raised America Movil from an "underweight" rating to a "neutral" rating and lifted their price objective for the stock from $15.00 to $21.00 in a report on Friday, August 8th. Finally, UBS Group boosted their target price on America Movil from $20.40 to $21.10 and gave the stock a "neutral" rating in a research report on Monday, July 28th. One equities research 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 company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $18.12.

America Movil Price Performance

AMX stock traded down $0.18 on Friday, reaching $19.94. The company had a trading volume of 1,232,477 shares, compared to its average volume of 2,065,108. The company's fifty day moving average is $18.33 and its 200 day moving average is $16.67. The company has a market cap of $60.23 billion, a P/E ratio of 21.22 and a beta of 0.85. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.70 and a current ratio of 0.75. 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.

America Movil (NYSE:AMX - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The Wireless communications provider reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.11). The company had revenue of $12.50 billion for the quarter, compared to analysts' expectations of $233.77 billion. America Movil had a return on equity of 12.59% and a net margin of 6.11%. On average, research 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 disclosed a semi-annual dividend, which was paid on Monday, July 21st. Investors of record on Friday, July 11th were given a dividend of $0.2732 per share. The ex-dividend date was Friday, July 11th. This represents a yield of 300.0%. This is a boost from America Movil's previous semi-annual dividend of $0.24. America Movil's dividend payout ratio (DPR) is 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.