Teacher Retirement System of Texas increased its position in America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX - Free Report) by 93.0% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,585,100 shares of the Wireless communications provider's stock after acquiring an additional 764,000 shares during the period. Teacher Retirement System of Texas owned about 0.05% of America Movil worth $22,540,000 at the end of the most recent reporting period.
A number of other hedge funds also recently added to or reduced their stakes in AMX. Brighton Jones LLC purchased a new position in America Movil in the 4th quarter worth approximately $154,000. Raymond James Financial Inc. purchased a new stake in America Movil during the 4th quarter valued at $1,386,000. Generali Investments CEE investicni spolecnost a.s. purchased a new stake in America Movil during the 4th quarter valued at $738,000. Farther Finance Advisors LLC raised its stake in America Movil by 82.5% during the 4th quarter. Farther Finance Advisors LLC now owns 3,128 shares of the Wireless communications provider's stock valued at $45,000 after buying an additional 1,414 shares during the last quarter. Finally, Commonwealth Equity Services LLC raised its stake in America Movil by 3.3% during the 4th quarter. Commonwealth Equity Services LLC now owns 118,588 shares of the Wireless communications provider's stock valued at $1,697,000 after buying an additional 3,839 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
A number of equities research analysts have weighed in on AMX shares. Wall Street Zen lowered shares of America Movil from a "buy" rating to a "hold" rating in a research note on Saturday, June 14th. UBS Group set a $19.60 target price on shares of America Movil in a research note on Wednesday, May 21st. Hsbc Global Res upgraded shares of America Movil from a "hold" rating to a "strong-buy" rating in a research note on Monday, April 14th. Finally, HSBC upgraded shares of America Movil from a "hold" rating to a "buy" rating and boosted their target price for the company from $15.50 to $17.50 in a research note on Monday, April 14th. One analyst has rated the stock with a sell rating, three have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, America Movil has an average rating of "Hold" and an average target price of $16.62.
View Our Latest Stock Analysis on AMX
America Movil Stock Performance
Shares of AMX stock traded down $0.26 during mid-day trading on Tuesday, reaching $17.79. 1,644,183 shares of the company's stock traded hands, compared to its average volume of 1,982,357. America Movil, S.A.B. de C.V. Unsponsored ADR has a 12 month low of $13.10 and a 12 month high of $18.73. The firm has a 50 day moving average price of $17.34 and a two-hundred day moving average price of $15.51. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.66 and a current ratio of 0.71. The firm has a market capitalization of $53.99 billion, a PE ratio of 32.94, a price-to-earnings-growth ratio of 1.14 and a beta of 0.79.
America Movil (NYSE:AMX - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The Wireless communications provider reported $0.30 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.32 by ($0.02). America Movil had a net margin of 3.55% and a return on equity of 7.19%. The business had revenue of $11.36 billion for the quarter, compared to the consensus estimate of $11.28 billion. On average, research analysts forecast that America Movil, S.A.B. de C.V. Unsponsored ADR will post 1.51 EPS for the current year.
America Movil Increases Dividend
The firm also recently disclosed a semi-annual dividend, which will be paid on Monday, July 21st. Stockholders of record on Friday, July 11th will be given a dividend of $0.2732 per share. This is an increase from America Movil's previous semi-annual dividend of $0.24. The ex-dividend date is Friday, July 11th. This represents a dividend yield of 3%. America Movil's payout ratio is presently 44.44%.
America Movil Company Profile
(
Free Report)
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.
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