State of New Jersey Common Pension Fund D Grows Stake in America Movil, S.A.B. de C.V. Unsponsored ADR $AMX

Key Points

• The State of New Jersey Common Pension Fund D has increased its stake in América Móvil by 12.0%, purchasing an additional 31,404 shares for a total of 292,458 shares worth approximately $4.16 million.
• América Móvil declared a semi-annual dividend of $0.2732 per share, a rise from $0.24, reflecting a dividend yield of 300.0%.
• Wall Street analysts have shown optimism, with upgrades leading to a consensus target price increase to $21.10 for América Móvil stock, recommending it as a "buy".

State of New Jersey Common Pension Fund D raised its stake in America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX - Free Report) by 12.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 292,458 shares of the Wireless communications provider's stock after buying an additional 31,404 shares during the quarter. State of New Jersey Common Pension Fund D's holdings in America Movil were worth $4,159,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. lifted its stake in shares of America Movil by 41.4% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 21,376 shares of the Wireless communications provider's stock valued at $304,000 after purchasing an additional 6,263 shares during the last quarter. Sequoia Financial Advisors LLC lifted its stake in shares of America Movil by 38.4% in the 1st quarter. Sequoia Financial Advisors LLC now owns 14,978 shares of the Wireless communications provider's stock valued at $213,000 after purchasing an additional 4,154 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in shares of America Movil by 21.9% in the 1st 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 during the last quarter. GAMMA Investing LLC lifted its stake in shares of America Movil by 3,713.1% in the 1st quarter. GAMMA Investing LLC now owns 14,604 shares of the Wireless communications provider's stock valued at $208,000 after purchasing an additional 14,221 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. lifted its stake in shares of America Movil by 109.2% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 26,901 shares of the Wireless communications provider's stock valued at $383,000 after purchasing an additional 14,044 shares during the last quarter. 6.30% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

AMX has been the topic of several recent analyst reports. UBS Group upped their price target on America Movil from $20.40 to $21.10 and gave the company a "neutral" rating in a research note on Monday, July 28th. Wall Street Zen raised America Movil from a "hold" rating to a "buy" rating in a research note on Saturday, July 12th. Finally, JPMorgan Chase & Co. raised America Movil from an "underweight" rating to a "neutral" rating and increased their target price for the stock from $15.00 to $21.00 in a research note on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, America Movil presently has a consensus rating of "Moderate Buy" and a consensus price target of $18.12.

America Movil Stock Down 0.3%

AMX stock traded down $0.06 during mid-day trading on Monday, reaching $20.07. The company had a trading volume of 1,417,735 shares, compared to its average volume of 1,942,101. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.70 and a current ratio of 0.75. The company has a market capitalization of $60.61 billion, a price-to-earnings ratio of 21.35 and a beta of 0.80. The firm has a fifty day simple moving average of $18.10 and a 200 day simple moving average of $16.52. America Movil, S.A.B. de C.V. Unsponsored ADR has a fifty-two week low of $13.10 and a fifty-two week high of $20.31.

America Movil (NYSE:AMX - Get Free Report) last posted its quarterly earnings results on Tuesday, July 22nd. The Wireless communications provider reported $0.38 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.49 by ($0.11). America Movil had a net margin of 6.11% and a return on equity of 12.59%. The company had revenue of $12.50 billion during the quarter, compared to analyst estimates of $233.77 billion. Analysts forecast 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. Stockholders of record on Friday, July 11th were issued a $0.2732 dividend. This represents a dividend yield of 300.0%. The ex-dividend date was Friday, July 11th. This is an increase from America Movil's previous semi-annual dividend of $0.24. America Movil's dividend payout ratio (DPR) 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.