Sequoia Financial Advisors LLC Buys 4,154 Shares of America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX)

Sequoia Financial Advisors LLC grew its stake in shares of America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) by 38.4% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 14,978 shares of the Wireless communications provider’s stock after purchasing an additional 4,154 shares during the period. Sequoia Financial Advisors LLC’s holdings in America Movil were worth $213,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AMX. Transce3nd LLC bought a new stake in America Movil during the 4th quarter worth approximately $26,000. Lee Danner & Bass Inc. bought a new stake in America Movil during the 4th quarter worth approximately $29,000. Parvin Asset Management LLC bought a new stake in America Movil during the 4th quarter worth approximately $39,000. Garde Capital Inc. bought a new stake in America Movil during the 1st quarter worth approximately $40,000. Finally, Farther Finance Advisors LLC increased its holdings in America Movil by 82.5% during the 4th quarter. Farther Finance Advisors LLC now owns 3,128 shares of the Wireless communications provider’s stock worth $45,000 after purchasing an additional 1,414 shares in the last quarter. 6.30% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

AMX has been the subject of several recent analyst reports. Wall Street Zen lowered America Movil from a “buy” rating to a “hold” rating in a report on Saturday, June 14th. UBS Group set a $19.60 target price on America Movil in a report on Wednesday, May 21st. HSBC raised America Movil from a “hold” rating to a “buy” rating and upped their target price for the company from $15.50 to $17.50 in a report on Monday, April 14th. Finally, Hsbc Global Res raised America Movil from a “hold” rating to a “strong-buy” rating in a report on Monday, April 14th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $16.62.

America Movil Price Performance

America Movil stock opened at $18.39 on Friday. 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 company has a current ratio of 0.71, a quick ratio of 0.66 and a debt-to-equity ratio of 1.05. The business’s 50 day simple moving average is $17.31 and its 200 day simple moving average is $15.46. The company has a market cap of $55.81 billion, a price-to-earnings ratio of 34.06, a PEG ratio of 1.14 and a beta of 0.79.

America Movil (NYSE:AMX) last posted its quarterly earnings data on Wednesday, April 30th. The Wireless communications provider reported $0.30 EPS for the quarter, missing the consensus estimate 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 analysts’ expectations of $11.28 billion. Sell-side analysts forecast 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 disclosed a semi-annual dividend, which will be paid on Monday, July 21st. Investors of record on Friday, July 11th will be paid a $0.2732 dividend. This is an increase from America Movil’s previous semi-annual dividend of $0.24. The ex-dividend date is Friday, July 11th. This represents a yield of 3%. America Movil’s dividend payout ratio is presently 44.44%.

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.