America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) Shares Acquired by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. raised its position in America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) by 41.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,376 shares of the Wireless communications provider’s stock after buying an additional 6,263 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in America Movil were worth $304,000 at the end of the most recent quarter.

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

America Movil Stock Performance

NYSE AMX opened at $17.55 on Friday. The firm’s 50 day simple moving average is $17.36 and its 200 day simple moving average is $15.59. The firm has a market capitalization of $53.26 billion, a price-to-earnings ratio of 32.50, a P/E/G ratio of 1.11 and a beta of 0.79. America Movil, S.A.B. de C.V. Unsponsored ADR has a 1 year low of $13.10 and a 1 year high of $18.43. The company has a current ratio of 0.71, a quick ratio of 0.66 and a debt-to-equity ratio of 1.05.

America Movil (NYSE:AMX) last released its earnings results on Wednesday, April 30th. The Wireless communications provider reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.02). America Movil had a net margin of 3.55% and a return on equity of 7.19%. The company had revenue of $11.36 billion during the quarter, compared to analysts’ expectations of $11.28 billion. As a group, research analysts expect 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 company also recently declared a semi-annual dividend, which will be paid on Monday, July 21st. Shareholders of record on Friday, July 11th will be issued a $0.2732 dividend. This represents a yield of 3%. The ex-dividend date of this dividend is Friday, July 11th. This is a positive change from America Movil’s previous semi-annual dividend of $0.24. America Movil’s dividend payout ratio (DPR) is 44.44%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Hsbc Global Res upgraded shares of America Movil from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 14th. HSBC raised shares of America Movil from a “hold” rating to a “buy” rating and upped their price objective for the stock from $15.50 to $17.50 in a report on Monday, April 14th. Wall Street Zen raised shares of America Movil from a “hold” rating to a “buy” rating in a report on Saturday. Finally, UBS Group increased their price target on shares of America Movil from $19.60 to $20.40 and gave the company a “neutral” rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating, two have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $16.78.

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.