Fox Run Management L.L.C. Purchases Shares of 71,677 America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX)

Key Points

• Fox Run Management L.L.C. has acquired a new stake of 71,677 shares in America Movil, valued at approximately $1,019,000.
• America Movil recently declared a semi-annual dividend increase to $0.2732, up from $0.24, representing a dividend yield of 300.0%.
• The stock is currently rated as a "Moderate Buy" with several analysts raising their price targets, reflecting a positive outlook on its performance.

Fox Run Management L.L.C. purchased a new stake in America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 71,677 shares of the Wireless communications provider's stock, valued at approximately $1,019,000.

Other institutional investors also recently modified their holdings of the company. Transce3nd LLC acquired a new position in America Movil in the fourth quarter valued at approximately $26,000. Parvin Asset Management LLC bought a new stake in America Movil in the fourth quarter valued at approximately $39,000. Garde Capital Inc. bought a new stake in America Movil in the first quarter valued at approximately $40,000. Farther Finance Advisors LLC increased its stake in 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 in the last quarter. Finally, Caitong International Asset Management Co. Ltd increased its stake in 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 in the last quarter. 6.30% of the stock is owned by institutional investors.

America Movil Stock Performance

Shares of AMX opened at $18.84 on Friday. America Movil, S.A.B. de C.V. Unsponsored ADR has a 12 month low of $13.10 and a 12 month high of $19.30. The firm has a fifty day simple moving average of $17.79 and a 200 day simple moving average of $16.24. The stock has a market capitalization of $56.90 billion, a price-to-earnings ratio of 20.04 and a beta of 0.80. The company has a current ratio of 0.75, a quick ratio of 0.70 and a debt-to-equity ratio of 1.02.

America Movil (NYSE:AMX - Get Free Report) last announced its quarterly earnings results 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). The firm had revenue of $12.50 billion during the quarter, compared to analyst estimates of $233.77 billion. America Movil had a net margin of 6.11% and a return on equity of 12.59%. Research analysts forecast that America Movil, S.A.B. de C.V. Unsponsored ADR will post 1.51 EPS for the current fiscal year.

America Movil Increases Dividend

The company also recently declared a semi-annual dividend, which was paid on Monday, July 21st. Shareholders of record on Friday, July 11th were paid a $0.2732 dividend. This is an increase from America Movil's previous semi-annual dividend of $0.24. This represents a yield of 300.0%. The ex-dividend date was Friday, July 11th. America Movil's dividend payout ratio is 54.26%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on AMX shares. Wall Street Zen raised shares of America Movil from a "hold" rating to a "buy" rating in a research note on Saturday, July 12th. JPMorgan Chase & Co. raised shares of America Movil from an "underweight" rating to a "neutral" rating and increased their price objective for the stock from $15.00 to $21.00 in a research report on Friday, August 8th. Finally, UBS Group increased their price objective 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. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, America Movil has an average rating of "Moderate Buy" and a consensus 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.

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