Teacher Retirement System of Texas Purchases 764,000 Shares of America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX)

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.

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

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.