Lazard Asset Management LLC Buys 3,140,360 Shares of America Movil, S.A.B. de C.V. Unsponsored ADR $AMX

Lazard Asset Management LLC increased its holdings in shares of America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) by 17.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 20,807,915 shares of the Wireless communications provider’s stock after acquiring an additional 3,140,360 shares during the quarter. America Movil makes up about 0.9% of Lazard Asset Management LLC’s holdings, making the stock its 21st largest position. Lazard Asset Management LLC’s holdings in America Movil were worth $530,186,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of AMX. Robeco Institutional Asset Management B.V. raised its stake in America Movil by 93.8% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 8,376,918 shares of the Wireless communications provider’s stock valued at $173,151,000 after acquiring an additional 4,053,838 shares during the period. Canada Pension Plan Investment Board purchased a new stake in shares of America Movil in the 2nd quarter valued at about $11,252,000. Marshall Wace LLP purchased a new position in America Movil in the 4th quarter worth approximately $9,749,000. Itau Unibanco Holding S.A. increased its stake in America Movil by 23.6% in the fourth quarter. Itau Unibanco Holding S.A. now owns 2,450,123 shares of the Wireless communications provider’s stock valued at $50,758,000 after acquiring an additional 467,811 shares during the last quarter. Finally, Rockefeller Capital Management L.P. raised its holdings in shares of America Movil by 55.0% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,150,649 shares of the Wireless communications provider’s stock valued at $23,784,000 after buying an additional 408,125 shares in the last quarter. Hedge funds and other institutional investors own 6.30% of the company’s stock.

Analysts Set New Price Targets

AMX has been the topic of a number of analyst reports. JPMorgan Chase & Co. lifted their price target on America Movil from $24.50 to $30.00 and gave the stock a “neutral” rating in a research note on Thursday, May 14th. The Goldman Sachs Group started coverage on shares of America Movil in a report on Monday, May 18th. They set a “buy” rating and a $31.80 target price on the stock. Scotiabank reduced their price objective on America Movil from $21.80 to $20.80 and set a “sector perform” rating for the company in a research report on Wednesday, May 27th. Wall Street Zen cut shares of America Movil from a “strong-buy” rating to a “buy” rating in a report on Monday, July 20th. Finally, New Street Research reaffirmed a “buy” rating and set a $35.00 price objective on shares of America Movil in a research report on Wednesday, June 17th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $28.16.

America Movil Price Performance

Shares of America Movil stock opened at $26.02 on Monday. The company has a market capitalization of $78.33 billion, a price-to-earnings ratio of 15.68, a PEG ratio of 0.83 and a beta of 0.66. The company has a quick ratio of 0.66, a current ratio of 0.71 and a debt-to-equity ratio of 0.90. The stock’s 50-day simple moving average is $26.09 and its 200-day simple moving average is $24.77. America Movil, S.A.B. de C.V. Unsponsored ADR has a 52 week low of $17.80 and a 52 week high of $28.46.

America Movil (NYSE:AMX) last posted its quarterly earnings results on Wednesday, July 1st. The Wireless communications provider reported $0.02 earnings per share for the quarter. America Movil had a return on equity of 20.33% and a net margin of 9.38%.The business had revenue of $13.78 billion during the quarter. As a group, analysts expect that America Movil, S.A.B. de C.V. Unsponsored ADR will post 1.92 earnings per share for the current fiscal year.

America Movil Dividend Announcement

The company also recently declared a special dividend, which was paid on Wednesday, July 22nd. Investors of record on Tuesday, July 14th were paid a dividend of $0.3078 per share. The ex-dividend date of this dividend was Tuesday, July 14th. America Movil’s dividend payout ratio is presently 35.54%.

America Movil Profile

América Móvil is a Mexican telecommunications company headquartered in Mexico City that provides a broad range of communications services. Established in the early 2000s out of the expansion of the Slim family’s telecommunications holdings, the company is a major provider of mobile and fixed-line telephony, broadband internet and pay-television services in the region. Its operations span retail consumer services as well as wholesale and enterprise solutions, positioning it as an integrated communications provider across multiple customer segments.

The company markets services under several regional brands—most notably Telcel in Mexico and Claro across many Latin American markets—and offers both prepaid and postpaid mobile plans, fixed and mobile broadband, fiber-to-the-home where available, and video/broadcast distribution services.