Natixis Advisors LLC Boosts Position in America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX)

Key Points

• Natixis Advisors LLC significantly increased its stake in America Movil, acquiring 43,907 additional shares to raise its total holdings to 131,649 shares, valued at approximately $1.87 million.
• Wall Street analysts have raised America Movil's stock rating from "hold" to "strong buy," with a current consensus rating of "Moderate Buy" and an average price target of $18.12.
• America Movil declared a semi-annual dividend of $0.2732 per share, indicating a payout increase from the previous dividend of $0.24, which contributes to a high yield of 300.0%.

Natixis Advisors LLC increased its stake in America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX - Free Report) by 50.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 131,649 shares of the Wireless communications provider's stock after buying an additional 43,907 shares during the quarter. Natixis Advisors LLC's holdings in America Movil were worth $1,872,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Transce3nd LLC acquired a new stake in America Movil during the 4th quarter worth approximately $26,000. Parvin Asset Management LLC acquired a new position in shares of America Movil during the fourth quarter worth $39,000. Garde Capital Inc. acquired a new position in shares of America Movil during the first quarter worth $40,000. Farther Finance Advisors LLC lifted 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 buying an additional 685 shares during the period. Finally, Signaturefd LLC lifted its holdings in America Movil by 10.4% during the 1st quarter. Signaturefd LLC now owns 9,976 shares of the Wireless communications provider's stock worth $142,000 after buying an additional 937 shares during the period. Institutional investors and hedge funds own 6.30% of the company's stock.

America Movil Trading Down 0.2%

Shares of NYSE:AMX traded down $0.04 on Wednesday, hitting $19.05. The company had a trading volume of 463,866 shares, compared to its average volume of 2,202,906. The firm's 50-day simple moving average is $17.70 and its two-hundred day simple moving average is $16.19. America Movil, S.A.B. de C.V. Unsponsored ADR has a 1 year low of $13.10 and a 1 year high of $19.30. The company has a quick ratio of 0.70, a current ratio of 0.75 and a debt-to-equity ratio of 1.02. The firm has a market capitalization of $57.52 billion, a price-to-earnings ratio of 20.26 and a beta of 0.80.

America Movil (NYSE:AMX - Get Free Report) last released its 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 during 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%. Equities analysts anticipate that America Movil, S.A.B. de C.V. Unsponsored ADR will post 1.51 earnings per share for the current fiscal year.

America Movil Increases Dividend

The firm 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. 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 payout ratio is 54.26%.

Analyst Ratings Changes

AMX has been the topic of a number of research reports. JPMorgan Chase & Co. upgraded shares of America Movil from an "underweight" rating to a "neutral" rating and boosted their target price for the company from $15.00 to $21.00 in a research report on Friday, August 8th. UBS Group increased their price target on America Movil from $20.40 to $21.10 and gave the company a "neutral" rating in a research report on Monday, July 28th. Finally, Wall Street Zen raised America Movil from a "hold" rating to a "buy" rating in a research report on Saturday, July 12th. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, America Movil currently has a consensus rating of "Moderate Buy" and a consensus target price of $18.12.

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.