Walleye Capital LLC Makes New $189,000 Investment in America Movil, S.A.B. de C.V. Unsponsored ADR $AMX

Key Points

• Walleye Capital LLC has invested $189,000 in America Movil, acquiring 13,300 shares during the first quarter, indicating increasing institutional interest in the company.
• America Movil recently announced an increase in its semi-annual dividend from $0.24 to $0.2732, reflecting a payout ratio of 54.26% and a significant yield of 300.0%.
• Analysts have revised their ratings on America Movil stock, with notable upgrades from UBS Group and JPMorgan Chase, suggesting a consensus price target of $18.12 and an overall rating of "Moderate Buy."

Walleye Capital LLC acquired a new stake in America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 13,300 shares of the Wireless communications provider's stock, valued at approximately $189,000.

Several other large investors have also bought and sold shares of AMX. Brighton Jones LLC acquired a new stake in America Movil in the fourth quarter valued at about $154,000. Northern Trust Corp boosted its stake in America Movil by 29.7% in the fourth quarter. Northern Trust Corp now owns 1,044,603 shares of the Wireless communications provider's stock valued at $14,948,000 after buying an additional 238,895 shares in the last quarter. AQR Capital Management LLC boosted its stake in America Movil by 23.8% in the fourth quarter. AQR Capital Management LLC now owns 378,649 shares of the Wireless communications provider's stock valued at $5,418,000 after buying an additional 72,826 shares in the last quarter. BNP Paribas Financial Markets acquired a new stake in America Movil in the fourth quarter valued at about $16,791,000. Finally, Bank of America Corp DE boosted its stake in America Movil by 278.8% in the fourth 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 buying an additional 7,519,147 shares in the last quarter. 6.30% of the stock is owned by institutional investors and hedge funds.

America Movil Trading Up 0.0%

Shares of AMX traded up $0.01 during mid-day trading on Wednesday, reaching $19.77. 1,013,972 shares of the company were exchanged, compared to its average volume of 1,815,176. America Movil, S.A.B. de C.V. Unsponsored ADR has a 52 week low of $13.10 and a 52 week high of $20.31. 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 stock has a market capitalization of $59.69 billion, a PE ratio of 21.03 and a beta of 0.86. The business has a 50 day simple moving average of $18.67 and a two-hundred day simple moving average of $16.91.

America Movil (NYSE:AMX - Get Free Report) last issued its quarterly earnings data 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 return on equity of 12.59% and a net margin of 6.11%.The company had revenue of $12.50 billion for the quarter, compared to the consensus estimate of $233.77 billion. On average, 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 business also recently disclosed a semi-annual dividend, which was paid on Monday, July 21st. Stockholders of record on Friday, July 11th were given a dividend of $0.2732 per share. This represents a dividend yield of 300.0%. This is a positive change from America Movil's previous semi-annual dividend of $0.24. The ex-dividend date was Friday, July 11th. America Movil's dividend payout ratio is 54.26%.

Wall Street Analyst Weigh In

Several equities analysts have commented on AMX shares. Citigroup downgraded America Movil from a "buy" rating to a "neutral" rating and increased their target price for the company from $20.00 to $22.00 in a research report on Wednesday. Wall Street Zen upgraded America Movil from a "hold" rating to a "buy" rating in a research report on Saturday, July 12th. JPMorgan Chase & Co. upgraded America Movil from an "underweight" rating to a "neutral" rating and increased their target price for the company from $15.00 to $21.00 in a research report on Friday, August 8th. Finally, UBS Group increased their target price on America Movil from $20.40 to $21.10 and gave the company a "neutral" rating in a research report on Monday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, America Movil currently has an average rating of "Moderate Buy" and an average target price of $18.77.

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.