FORA Capital LLC Acquires New Holdings in America Movil, S.A.B. de C.V. Unsponsored ADR $AMX

Key Points

• FORA Capital LLC has acquired a stake in America Movil, buying 20,221 shares valued at approximately $288,000 during the first quarter.
• America Movil recently announced a boost in its semi-annual dividend to $0.2732 per share, reflecting a significant increase from the previous dividend of $0.24.
• Several analysts have upgraded America Movil's stock rating, with JPMorgan Chase adjusting their price target from $15.00 to $21.00.

FORA Capital LLC acquired 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 13F filing with the Securities & Exchange Commission. The fund acquired 20,221 shares of the Wireless communications provider's stock, valued at approximately $288,000.

Other institutional investors have also recently made changes to their positions in the company. Parvin Asset Management LLC acquired a new position in shares of America Movil in the fourth quarter valued at approximately $39,000. Garde Capital Inc. acquired a new position in America Movil during the 1st quarter worth approximately $40,000. Farther Finance Advisors LLC grew its holdings in America Movil by 21.9% during the 1st quarter. Farther Finance Advisors LLC now owns 3,813 shares of the Wireless communications provider's stock worth $55,000 after acquiring an additional 685 shares in the last quarter. Brooklyn Investment Group grew its holdings in America Movil by 463.5% during the 1st quarter. Brooklyn Investment Group now owns 7,743 shares of the Wireless communications provider's stock worth $110,000 after acquiring an additional 6,369 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd grew its holdings in America Movil by 222.2% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 7,849 shares of the Wireless communications provider's stock worth $112,000 after acquiring an additional 5,413 shares in the last quarter. Institutional investors and hedge funds own 6.30% of the company's stock.

America Movil Price Performance

Shares of AMX traded down $0.18 during trading hours 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 firm has a 50 day simple moving average of $18.33 and a 200-day simple moving average of $16.67. The company has a current ratio of 0.75, a quick ratio of 0.70 and a debt-to-equity ratio of 1.02. The company has a market capitalization of $60.23 billion, a price-to-earnings ratio of 21.22 and a beta of 0.85. 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.

America Movil (NYSE:AMX - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The Wireless communications provider reported $0.38 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 during the quarter, compared to analyst estimates of $233.77 billion. Research analysts expect 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 company also recently disclosed a semi-annual dividend, which was paid on Monday, July 21st. Stockholders of record on Friday, July 11th were paid a dividend of $0.2732 per share. This is an increase from America Movil's previous semi-annual dividend of $0.24. This represents a dividend yield of 300.0%. The ex-dividend date was Friday, July 11th. America Movil's payout ratio is 54.26%.

Analyst Ratings Changes

AMX has been the subject of several analyst reports. JPMorgan Chase & Co. upgraded shares of America Movil from an "underweight" rating to a "neutral" rating and boosted their price target for the stock from $15.00 to $21.00 in a report on Friday, August 8th. UBS Group upped their target price on shares of America Movil from $20.40 to $21.10 and gave the company a "neutral" rating in a report on Monday, July 28th. Finally, Wall Street Zen upgraded shares of America Movil from a "hold" rating to a "buy" rating in a report on Saturday, July 12th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price 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.