Natixis Advisors LLC Buys 43,907 Shares of 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 raised its stake in shares of America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX - Free Report) by 50.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. 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 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of AMX. Brighton Jones LLC acquired a new stake in shares of America Movil in the fourth quarter worth $154,000. Russell Investments Group Ltd. increased its position in shares of America Movil by 373.5% in the fourth quarter. Russell Investments Group Ltd. now owns 809,021 shares of the Wireless communications provider's stock worth $11,577,000 after acquiring an additional 638,159 shares in the last quarter. APG Asset Management N.V. lifted its stake in shares of America Movil by 45.7% during the fourth quarter. APG Asset Management N.V. now owns 16,271 shares of the Wireless communications provider's stock worth $225,000 after purchasing an additional 5,100 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of America Movil during the fourth quarter worth about $1,386,000. Finally, Guggenheim Capital LLC lifted its stake in shares of America Movil by 25.1% during the fourth quarter. Guggenheim Capital LLC now owns 93,308 shares of the Wireless communications provider's stock worth $1,335,000 after purchasing an additional 18,705 shares in the last quarter. Institutional investors and hedge funds own 6.30% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have commented on AMX. JPMorgan Chase & Co. upgraded America Movil from an "underweight" rating to a "neutral" rating and boosted their price objective for the stock from $15.00 to $21.00 in a research note on Friday. HSBC upgraded America Movil from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $15.50 to $17.50 in a research note on Monday, April 14th. Hsbc Global Res raised America Movil from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 14th. UBS Group lifted their target price on America Movil from $20.40 to $21.10 and gave the stock 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 analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, America Movil presently has a consensus rating of "Moderate Buy" and an average price target of $18.12.

America Movil Price Performance

Shares of NYSE AMX traded up $0.01 during trading on Monday, hitting $19.06. The company had a trading volume of 2,307,387 shares, compared to its average volume of 2,218,024. The company has a market cap of $57.55 billion, a P/E ratio of 20.27 and a beta of 0.80. America Movil, S.A.B. de C.V. Unsponsored ADR has a 52 week low of $13.10 and a 52 week high of $19.30. The business's 50-day moving average is $17.62 and its 200 day moving average is $16.14. 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 (NYSE:AMX - Get Free Report) last announced its earnings results on Tuesday, July 22nd. The Wireless communications provider reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.11). America Movil had a net margin of 6.11% and a return on equity of 12.59%. The firm had revenue of $12.50 billion for the quarter, compared to analyst estimates of $233.77 billion. Equities research analysts predict 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 issued a $0.2732 dividend. This is a boost 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 currently 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.