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

Several other large investors have also recently bought and sold shares of AMX. Brighton Jones LLC purchased a new position in America Movil in the fourth quarter valued at $154,000. Northern Trust Corp increased its holdings 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 during the last quarter. AQR Capital Management LLC increased its holdings 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 during the last quarter. BNP Paribas Financial Markets purchased a new position in America Movil in the fourth quarter valued at $16,791,000. Finally, Bank of America Corp DE increased its holdings 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 during the last quarter. Hedge funds and other institutional investors own 6.30% of the company's stock.

America Movil Price Performance

Shares of AMX opened at $19.50 on Friday. 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. The company has a market capitalization of $58.87 billion, a price-to-earnings ratio of 20.74 and a beta of 0.86. The firm has a 50-day simple moving average of $18.52 and a 200-day simple moving average of $16.77. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.70 and a current ratio of 0.75.

America Movil (NYSE:AMX - Get Free Report) last announced its earnings results on Tuesday, July 22nd. The Wireless communications provider reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.11). America Movil had a return on equity of 12.59% and a net margin of 6.11%.The business had revenue of $12.50 billion for the quarter, compared to analyst estimates of $233.77 billion. On average, equities research analysts anticipate that America Movil, S.A.B. de C.V. Unsponsored ADR will post 1.51 earnings per share for the current year.

America Movil Increases Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Monday, July 21st. Investors of record on Friday, July 11th were given a $0.2732 dividend. The ex-dividend date was Friday, July 11th. This is an increase from America Movil's previous semi-annual dividend of $0.24. This represents a yield of 300.0%. America Movil's payout ratio is 54.26%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on AMX shares. UBS Group increased their target price on America Movil from $20.40 to $21.10 and gave the company a "neutral" rating in a report on Monday, July 28th. Wall Street Zen raised America Movil from a "hold" rating to a "buy" rating in a report on Saturday, July 12th. Finally, JPMorgan Chase & Co. raised America Movil from an "underweight" rating to a "neutral" rating and raised their price objective for the stock from $15.00 to $21.00 in a report on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $18.12.

About America Movil

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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