America Movil, S.A.B. de C.V. Unsponsored ADR $AMX Shares Purchased by Northern Trust Corp

Northern Trust Corp raised its holdings in America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) by 23.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,290,960 shares of the Wireless communications provider’s stock after acquiring an additional 246,357 shares during the period. Northern Trust Corp’s holdings in America Movil were worth $18,357,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Crossmark Global Holdings Inc. raised its holdings in America Movil by 0.4% in the 1st quarter. Crossmark Global Holdings Inc. now owns 148,779 shares of the Wireless communications provider’s stock valued at $2,116,000 after acquiring an additional 585 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in America Movil by 21.9% in the 1st quarter. Farther Finance Advisors LLC now owns 3,813 shares of the Wireless communications provider’s stock valued at $55,000 after acquiring an additional 685 shares during the last quarter. US Bancorp DE raised its holdings in America Movil by 0.3% in the 1st quarter. US Bancorp DE now owns 232,570 shares of the Wireless communications provider’s stock valued at $3,307,000 after acquiring an additional 693 shares during the last quarter. Investors Research Corp raised its holdings in America Movil by 3.2% in the 1st quarter. Investors Research Corp now owns 25,701 shares of the Wireless communications provider’s stock valued at $365,000 after acquiring an additional 800 shares during the last quarter. Finally, Signaturefd LLC raised its holdings in America Movil by 10.4% in the 1st quarter. Signaturefd LLC now owns 9,976 shares of the Wireless communications provider’s stock valued at $142,000 after acquiring an additional 937 shares during the last quarter. Institutional investors and hedge funds own 6.30% of the company’s stock.

America Movil Stock Performance

America Movil stock opened at $19.94 on Tuesday. The firm has a 50 day simple moving average of $18.39 and a 200-day simple moving average of $16.70. 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 debt-to-equity ratio of 1.02, a current ratio of 0.75 and a quick ratio of 0.70. The stock has a market cap of $60.23 billion, a price-to-earnings ratio of 21.22 and a beta of 0.85.

America Movil (NYSE:AMX) last posted its quarterly earnings data 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). The company had revenue of $12.50 billion for the quarter, compared to analysts’ expectations of $233.77 billion. America Movil had a return on equity of 12.59% and a net margin of 6.11%. On average, analysts expect 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 business also recently disclosed a semi-annual dividend, which was paid on Monday, July 21st. Investors of record on Friday, July 11th were given a dividend of $0.2732 per share. This represents a dividend yield of 300.0%. The ex-dividend date of this dividend was Friday, July 11th. This is an increase from America Movil’s previous semi-annual dividend of $0.24. America Movil’s dividend payout ratio is 54.26%.

Wall Street Analysts Forecast Growth

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

America Movil 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.