America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) Holdings Raised by Teacher Retirement System of Texas

Teacher Retirement System of Texas boosted its holdings in America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX - Free Report) by 93.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,585,100 shares of the Wireless communications provider's stock after buying an additional 764,000 shares during the period. Teacher Retirement System of Texas owned 0.05% of America Movil worth $22,540,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in AMX. Bank of America Corp DE lifted its stake in shares of America Movil by 278.8% in the 4th quarter. Bank of America Corp DE now owns 10,216,018 shares of the Wireless communications provider's stock valued at $146,191,000 after purchasing an additional 7,519,147 shares in the last quarter. Lazard Asset Management LLC lifted its stake in shares of America Movil by 12.6% in the 4th quarter. Lazard Asset Management LLC now owns 14,089,624 shares of the Wireless communications provider's stock valued at $201,621,000 after purchasing an additional 1,571,290 shares in the last quarter. BNP Paribas Financial Markets acquired a new position in shares of America Movil in the 4th quarter valued at about $16,791,000. Wellington Management Group LLP acquired a new position in shares of America Movil in the 4th quarter valued at about $15,149,000. Finally, Russell Investments Group Ltd. lifted its stake in shares of America Movil by 373.5% in the 4th quarter. Russell Investments Group Ltd. now owns 809,021 shares of the Wireless communications provider's stock valued at $11,577,000 after purchasing an additional 638,159 shares in the last quarter. 6.30% of the stock is owned by institutional investors and hedge funds.

America Movil Stock Up 1.7%

AMX stock traded up $0.31 during midday trading on Friday, hitting $18.39. 891,805 shares of the company's stock were exchanged, compared to its average volume of 1,980,085. The company has a current ratio of 0.71, a quick ratio of 0.66 and a debt-to-equity ratio of 1.05. 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 $17.31 and a 200-day moving average price of $15.46. The stock has a market capitalization of $55.81 billion, a price-to-earnings ratio of 34.06, 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 results on Wednesday, April 30th. The Wireless communications provider reported $0.30 earnings per share 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 firm had revenue of $11.36 billion during the quarter, compared to the consensus estimate of $11.28 billion. On average, analysts anticipate 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 company also recently declared a semi-annual dividend, which will be paid on Monday, July 21st. Stockholders of record on Friday, July 11th will be issued a $0.2732 dividend. This represents a dividend yield of 3%. This is an increase from America Movil's previous semi-annual dividend of $0.24. The ex-dividend date is Friday, July 11th. America Movil's payout ratio is 44.44%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on AMX. UBS Group set a $19.60 price objective on America Movil in a research note on Wednesday, May 21st. Hsbc Global Res raised America Movil from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 14th. HSBC raised America Movil from a "hold" rating to a "buy" rating and boosted their price target for the stock from $15.50 to $17.50 in a research report on Monday, April 14th. Finally, Wall Street Zen lowered America Movil from a "buy" rating to a "hold" rating in a research report on Saturday, June 14th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $16.62.

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.