America Movil, S.A.B. de C.V. Unsponsored ADR $AMX Shares Sold by Boston Partners

Boston Partners decreased its holdings in shares of America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) by 59.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 63,285 shares of the Wireless communications provider’s stock after selling 91,224 shares during the quarter. Boston Partners’ holdings in America Movil were worth $900,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Crossmark Global Holdings Inc. increased its stake in America Movil by 0.4% during the first quarter. Crossmark Global Holdings Inc. now owns 148,779 shares of the Wireless communications provider’s stock worth $2,116,000 after acquiring an additional 585 shares during the last quarter. Farther Finance Advisors LLC increased its stake in America Movil by 21.9% during the first quarter. Farther Finance Advisors LLC now owns 3,813 shares of the Wireless communications provider’s stock worth $55,000 after acquiring an additional 685 shares during the last quarter. US Bancorp DE increased its stake in America Movil by 0.3% during the first quarter. US Bancorp DE now owns 232,570 shares of the Wireless communications provider’s stock worth $3,307,000 after acquiring an additional 693 shares during the last quarter. Investors Research Corp increased its stake in America Movil by 3.2% during the first quarter. Investors Research Corp now owns 25,701 shares of the Wireless communications provider’s stock worth $365,000 after acquiring an additional 800 shares during the last quarter. Finally, Signaturefd LLC increased its stake in America Movil by 10.4% during the first quarter. Signaturefd LLC now owns 9,976 shares of the Wireless communications provider’s stock worth $142,000 after acquiring an additional 937 shares during the last quarter. Institutional investors and hedge funds own 6.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on AMX shares. JPMorgan Chase & Co. raised America Movil from an “underweight” rating to a “neutral” rating and raised their target price for the stock from $15.00 to $21.00 in a research note on Friday, August 8th. UBS Group lifted their price objective on America Movil from $20.40 to $21.10 and gave the company a “neutral” rating in a research note on Monday, July 28th. Finally, Wall Street Zen raised America Movil from a “hold” rating to a “buy” rating in a research note on Saturday, July 12th. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $18.12.

America Movil Trading Up 1.1%

Shares of NYSE AMX opened at $19.07 on Monday. America Movil, S.A.B. de C.V. Unsponsored ADR has a twelve month low of $13.10 and a twelve month high of $19.30. The company has a current ratio of 0.75, a quick ratio of 0.70 and a debt-to-equity ratio of 1.02. The stock has a fifty day simple moving average of $17.83 and a 200-day simple moving average of $16.30. The stock has a market capitalization of $57.59 billion, a PE ratio of 20.29 and a beta of 0.80.

America Movil (NYSE:AMX) last issued its quarterly earnings data on Tuesday, July 22nd. The Wireless communications provider reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.11). America Movil had a net margin of 6.11% and a return on equity of 12.59%. The firm had revenue of $12.50 billion during the quarter, compared to analyst estimates of $233.77 billion. On average, equities analysts forecast 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 business also recently announced a semi-annual dividend, which was paid on Monday, July 21st. Investors of record on Friday, July 11th were issued a $0.2732 dividend. This represents a yield of 300.0%. This is a boost 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 (DPR) is 54.26%.

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.