American Century Companies Inc. Grows Stock Holdings in America Movil, S.A.B. de C.V. Unsponsored ADR $AMX

American Century Companies Inc. raised its position in shares of America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) by 7.0% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,144,560 shares of the Wireless communications provider’s stock after purchasing an additional 74,920 shares during the period. American Century Companies Inc.’s holdings in America Movil were worth $16,276,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Lazard Asset Management LLC raised its position in America Movil by 12.6% during the fourth quarter. Lazard Asset Management LLC now owns 14,089,624 shares of the Wireless communications provider’s stock valued at $201,621,000 after purchasing an additional 1,571,290 shares in the last quarter. Bank of America Corp DE raised its position in America Movil by 278.8% during the fourth quarter. Bank of America Corp DE now owns 10,216,018 shares of the Wireless communications provider’s stock valued at $146,191,000 after purchasing an additional 7,519,147 shares in the last quarter. Teacher Retirement System of Texas raised its position in America Movil by 93.0% during the first quarter. Teacher Retirement System of Texas now owns 1,585,100 shares of the Wireless communications provider’s stock valued at $22,540,000 after purchasing an additional 764,000 shares in the last quarter. BNP Paribas Financial Markets purchased a new stake in America Movil during the fourth quarter valued at about $16,791,000. Finally, Wellington Management Group LLP purchased a new stake in America Movil during the fourth quarter valued at about $15,149,000. Hedge funds and other institutional investors own 6.30% of the company’s stock.

Wall Street Analyst Weigh In

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

America Movil Trading Up 3.7%

NYSE AMX opened at $20.1370 on Monday. America Movil, S.A.B. de C.V. Unsponsored ADR has a 1-year low of $13.10 and a 1-year high of $20.31. 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 50-day moving average of $18.05 and a 200-day moving average of $16.48. The firm has a market cap of $60.81 billion, a PE ratio of 21.42 and a beta of 0.80.

America Movil (NYSE:AMX) last released its earnings results 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 company had revenue of $12.50 billion during the quarter, compared to the consensus estimate of $233.77 billion. As a group, 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 firm also recently declared a semi-annual dividend, which was paid on Monday, July 21st. Investors of record on Friday, July 11th were issued a dividend of $0.2732 per share. The ex-dividend date was Friday, July 11th. This represents a yield of 300.0%. This is a boost from America Movil’s previous semi-annual dividend of $0.24. 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.