Yousif Capital Management LLC Has $230,000 Stock Holdings in America Movil, S.A.B. de C.V. Unsponsored ADR $AMX

Yousif Capital Management LLC trimmed its position in America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) by 73.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,818 shares of the Wireless communications provider’s stock after selling 34,809 shares during the quarter. Yousif Capital Management LLC’s holdings in America Movil were worth $230,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Lester Murray Antman dba SimplyRich bought a new position in shares of America Movil in the 2nd quarter valued at about $209,000. Hilltop National Bank acquired a new position in America Movil in the second quarter valued at approximately $27,000. Janney Montgomery Scott LLC boosted its stake in America Movil by 10.2% in the second quarter. Janney Montgomery Scott LLC now owns 12,303 shares of the Wireless communications provider’s stock valued at $221,000 after acquiring an additional 1,134 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in America Movil during the 2nd quarter worth $82,000. Finally, Maseco LLP bought a new stake in shares of America Movil during the 2nd quarter valued at $54,000. 6.30% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on AMX. Citigroup lowered America Movil from a “buy” rating to a “neutral” rating and raised their price target for the stock from $20.00 to $22.00 in a research report on Wednesday, September 10th. Zacks Research upgraded America Movil from a “hold” rating to a “strong-buy” rating in a report on Wednesday. JPMorgan Chase & Co. upped their price target on America Movil from $21.00 to $23.50 and gave the company a “neutral” rating in a research note on Monday, October 20th. Scotiabank increased their price target on shares of America Movil from $17.10 to $19.50 and gave the company a “sector perform” rating in a research report on Thursday, October 16th. Finally, The Goldman Sachs Group set a $24.30 price objective on shares of America Movil and gave the company a “buy” rating in a report on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $21.73.

America Movil Price Performance

Shares of NYSE AMX opened at $22.65 on Friday. The company has a fifty day moving average price of $20.64 and a 200 day moving average price of $18.41. The firm has a market cap of $68.41 billion, a PE ratio of 18.42 and a beta of 0.88. The company has a current ratio of 0.81, a quick ratio of 0.76 and a debt-to-equity ratio of 1.02. America Movil, S.A.B. de C.V. Unsponsored ADR has a 1-year low of $13.10 and a 1-year high of $22.88.

America Movil (NYSE:AMX) last issued its quarterly earnings results on Wednesday, October 15th. The Wireless communications provider reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.04. The company had revenue of $12.71 billion for the quarter, compared to analyst estimates of $235.15 billion. America Movil had a return on equity of 16.59% and a net margin of 7.87%. Research analysts predict 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 Dividend Announcement

The company also recently declared a special dividend, which will be paid on Monday, November 17th. Shareholders of record on Friday, November 7th will be given a dividend of $0.2811 per share. The ex-dividend date of this dividend is Friday, November 7th. America Movil’s dividend payout ratio is 64.23%.

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.