Jump Financial LLC Takes $228,000 Position in America Movil, S.A.B. de C.V. Unsponsored ADR $AMX

Key Points

• Jump Financial LLC has invested $228,000 in America Movil, acquiring 16,061 shares in the first quarter.
• Several institutional investors, including Bank of America and Lazard Asset Management, have significantly increased their positions in America Movil during the last quarter.
• America Movil recently declared a semi-annual dividend of $0.2732, reflecting an increase from its previous dividend of $0.24.

Jump Financial LLC acquired a new position 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 disclosure with the Securities and Exchange Commission (SEC). The fund acquired 16,061 shares of the Wireless communications provider's stock, valued at approximately $228,000.

Several other institutional investors and hedge funds also recently bought and sold shares of AMX. Lazard Asset Management LLC grew its stake in shares of America Movil by 12.6% in the fourth quarter. Lazard Asset Management LLC now owns 14,089,624 shares of the Wireless communications provider's stock valued at $201,621,000 after buying an additional 1,571,290 shares in the last quarter. Bank of America Corp DE grew its holdings in America Movil by 278.8% during the 4th quarter. Bank of America Corp DE now owns 10,216,018 shares of the Wireless communications provider's stock valued at $146,191,000 after buying an additional 7,519,147 shares in the last quarter. Teacher Retirement System of Texas raised its holdings in shares of America Movil by 93.0% during the 1st quarter. Teacher Retirement System of Texas now owns 1,585,100 shares of the Wireless communications provider's stock valued at $22,540,000 after buying an additional 764,000 shares in the last quarter. Northern Trust Corp boosted its stake in America Movil by 23.6% in the 1st quarter. Northern Trust Corp now owns 1,290,960 shares of the Wireless communications provider's stock worth $18,357,000 after purchasing an additional 246,357 shares in the last quarter. Finally, Wellington Management Group LLP grew its stake in shares of America Movil by 21.6% during the 1st quarter. Wellington Management Group LLP now owns 1,287,526 shares of the Wireless communications provider's stock valued at $18,309,000 after acquiring an additional 228,908 shares during the period. Hedge funds and other institutional investors own 6.30% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on AMX shares. Wall Street Zen upgraded America Movil from a "hold" rating to a "buy" rating in a research note on Saturday, July 12th. UBS Group raised their price target on America Movil from $20.40 to $21.10 and gave the stock a "neutral" rating in a research note on Monday, July 28th. Finally, JPMorgan Chase & Co. raised 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 report on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $18.12.

America Movil Price Performance

Shares of NYSE:AMX traded up $0.10 during trading on Monday, hitting $19.68. 416,445 shares of the company were exchanged, compared to its average volume of 2,181,500. The business's 50 day moving average is $18.57 and its 200-day moving average is $16.83. 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 market capitalization of $59.42 billion, a P/E ratio of 20.91 and a beta of 0.85. The company has a quick ratio of 0.70, a current ratio of 0.75 and a debt-to-equity ratio of 1.02.

America Movil (NYSE:AMX - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The Wireless communications provider reported $0.38 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.11). The firm had revenue of $12.50 billion during the quarter, compared to analysts' expectations of $233.77 billion. America Movil had a net margin of 6.11% and a return on equity of 12.59%. 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 company also recently announced a semi-annual dividend, which was paid on Monday, July 21st. Stockholders of record on Friday, July 11th were issued a $0.2732 dividend. This is a boost from America Movil's previous semi-annual dividend of $0.24. The ex-dividend date was Friday, July 11th. This represents a dividend yield of 300.0%. America Movil's dividend payout ratio (DPR) is 54.26%.

America Movil 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.