America Movil, S.A.B. de C.V. Unsponsored ADR $AMX Shares Sold by Invesco Ltd.

Key Points

• Invesco Ltd. significantly reduced its stake in America Movil by 83.4%, selling over 12 million shares, leaving it with approximately 2.4 million shares valued at around $34 million.
• America Movil recently increased its semi-annual dividend from $0.24 to $0.2732 per share, representing a substantial dividend yield of 300.0%.
• Several hedge funds, including Cambridge Investment Research Advisors and Sequoia Financial Advisors, have increased their stakes in America Movil, highlighting varied investor sentiment in the company.

Invesco Ltd. decreased its stake in shares of America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX - Free Report) by 83.4% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,408,685 shares of the Wireless communications provider's stock after selling 12,082,206 shares during the period. Invesco Ltd. owned about 0.08% of America Movil worth $34,252,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Transce3nd LLC bought a new position in shares of America Movil during the fourth quarter worth about $26,000. Parvin Asset Management LLC bought a new position in shares of America Movil during the fourth quarter worth about $39,000. Garde Capital Inc. bought a new position in shares of America Movil during the first quarter worth about $40,000. Farther Finance Advisors LLC lifted its position in shares of 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 worth $55,000 after purchasing an additional 685 shares during the last quarter. Finally, Signaturefd LLC lifted its position in shares of America Movil by 10.4% during the first quarter. Signaturefd LLC now owns 9,976 shares of the Wireless communications provider's stock worth $142,000 after purchasing an additional 937 shares during the last quarter. Institutional investors own 6.30% of the company's stock.

America Movil Stock Performance

Shares of AMX traded up $0.7170 during mid-day trading on Friday, reaching $20.1370. 3,502,252 shares of the company's stock traded hands, compared to its average volume of 1,822,896. The business's 50-day moving average price is $18.05 and its 200-day moving average price is $16.47. The stock has a market capitalization of $60.81 billion, a P/E ratio of 21.42 and a beta of 0.80. 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 12 month low of $13.10 and a 12 month 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 analysts' consensus estimates of $0.49 by ($0.11). The business had revenue of $12.50 billion for the quarter, compared to the consensus estimate of $233.77 billion. America Movil had a net margin of 6.11% and a return on equity of 12.59%. Equities analysts predict 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 firm also recently declared a semi-annual dividend, which was paid on Monday, July 21st. Stockholders of record on Friday, July 11th were issued a dividend of $0.2732 per share. This represents a dividend yield of 300.0%. This is a boost from America Movil's previous semi-annual dividend of $0.24. The ex-dividend date of this dividend was Friday, July 11th. America Movil's dividend payout ratio is presently 54.26%.

Wall Street Analyst Weigh In

AMX has been the topic of a number of recent research reports. Wall Street Zen raised shares of America Movil from a "hold" rating to a "buy" rating in a report on Saturday, July 12th. JPMorgan Chase & Co. raised shares of America Movil from an "underweight" rating to a "neutral" rating and raised their target price for the stock from $15.00 to $21.00 in a report on Friday, August 8th. Finally, UBS Group raised their target price on shares of America Movil from $20.40 to $21.10 and gave the stock a "neutral" rating in a 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 given a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $18.12.

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.