LPL Financial LLC Has $1.72 Million Stock Holdings in America Movil, S.A.B. de C.V. Unsponsored ADR $AMX

LPL Financial LLC increased its holdings in shares of America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) by 10.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 120,915 shares of the Wireless communications provider’s stock after buying an additional 11,220 shares during the period. LPL Financial LLC’s holdings in America Movil were worth $1,719,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in AMX. Bank of America Corp DE boosted its position in America Movil by 278.8% during the 4th quarter. Bank of America Corp DE now owns 10,216,018 shares of the Wireless communications provider’s stock worth $146,191,000 after buying an additional 7,519,147 shares during the period. Lazard Asset Management LLC boosted its position in America Movil by 12.6% during the 4th quarter. Lazard Asset Management LLC now owns 14,089,624 shares of the Wireless communications provider’s stock worth $201,621,000 after buying an additional 1,571,290 shares during the period. BNP Paribas Financial Markets bought a new position in America Movil during the 4th quarter worth approximately $16,791,000. Wellington Management Group LLP bought a new position in America Movil during the 4th quarter worth approximately $15,149,000. Finally, Teacher Retirement System of Texas raised its holdings in America Movil by 93.0% during the 1st quarter. Teacher Retirement System of Texas now owns 1,585,100 shares of the Wireless communications provider’s stock worth $22,540,000 after purchasing an additional 764,000 shares during the last quarter. 6.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

America Movil Stock Performance

Shares of AMX stock opened at $19.3850 on Friday. The firm has a market capitalization of $58.54 billion, a PE ratio of 20.62 and a beta of 0.80. The firm has a fifty day simple moving average of $18.00 and a two-hundred day simple moving average of $16.41. The company has a current ratio of 0.75, a quick ratio of 0.70 and a debt-to-equity ratio of 1.02. America Movil, S.A.B. de C.V. Unsponsored ADR has a 12 month low of $13.10 and a 12 month high of $19.43.

America Movil (NYSE:AMX) last announced its quarterly earnings results on Tuesday, July 22nd. The Wireless communications provider reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.11). The business had revenue of $12.50 billion for the quarter, compared to the consensus estimate of $233.77 billion. America Movil had a net margin of 6.11% and a return on equity of 12.59%. Analysts forecast that America Movil, S.A.B. de C.V. Unsponsored ADR will post 1.51 EPS for the current fiscal year.

America Movil Increases Dividend

The firm also recently declared a semi-annual dividend, which was paid on Monday, July 21st. Shareholders of record on Friday, July 11th were paid a dividend of $0.2732 per share. This is a boost from America Movil’s previous semi-annual dividend of $0.24. The ex-dividend date was Friday, July 11th. This represents a yield of 300.0%. America Movil’s dividend payout ratio (DPR) is presently 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.