Bessemer Group Inc. Has $229,000 Stake in America Movil, S.A.B. de C.V. Unsponsored ADR $AMX

Bessemer Group Inc. grew its holdings in America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) by 63.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,812 shares of the Wireless communications provider’s stock after purchasing an additional 4,958 shares during the period. Bessemer Group Inc.’s holdings in America Movil were worth $229,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in AMX. Brighton Jones LLC acquired a new position in shares of America Movil in the 4th quarter valued at about $154,000. Cambridge Investment Research Advisors Inc. grew its stake in shares of America Movil by 41.4% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 21,376 shares of the Wireless communications provider’s stock valued at $304,000 after buying an additional 6,263 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in shares of America Movil by 18.4% in the 1st quarter. Envestnet Asset Management Inc. now owns 703,569 shares of the Wireless communications provider’s stock valued at $10,005,000 after buying an additional 109,298 shares in the last quarter. Crossmark Global Holdings Inc. grew its stake in shares of 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 buying an additional 585 shares in the last quarter. Finally, Axxcess Wealth Management LLC increased its stake in shares of America Movil by 16.4% during the 1st quarter. Axxcess Wealth Management LLC now owns 35,515 shares of the Wireless communications provider’s stock worth $505,000 after purchasing an additional 5,000 shares during the last quarter. Institutional investors and hedge funds own 6.30% of the company’s stock.

America Movil Stock Down 0.8%

Shares of America Movil stock opened at $22.60 on Tuesday. The stock has a market capitalization of $68.13 billion, a P/E ratio of 18.37 and a beta of 0.88. The company has a quick ratio of 0.76, a current ratio of 0.81 and a debt-to-equity ratio of 1.02. The stock has a 50 day moving average price of $21.04 and a two-hundred day moving average price of $18.85. America Movil, S.A.B. de C.V. Unsponsored ADR has a 12-month low of $13.10 and a 12-month high of $23.61.

America Movil (NYSE:AMX) last announced its earnings results on Wednesday, October 15th. The Wireless communications provider reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.04. The firm had revenue of $12.71 billion during the quarter, compared to analysts’ expectations of $235.15 billion. America Movil had a return on equity of 16.59% and a net margin of 7.87%. Equities analysts expect that America Movil, S.A.B. de C.V. Unsponsored ADR will post 1.51 earnings per share for the current year.

America Movil Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. The Goldman Sachs Group set a $24.30 price target on shares of America Movil and gave the stock a “buy” rating in a research note on Wednesday, October 22nd. Citigroup lowered shares of America Movil from a “buy” rating to a “neutral” rating and increased their price target for the stock from $20.00 to $22.00 in a research note on Wednesday, September 10th. Wall Street Zen upgraded shares of America Movil from a “hold” rating to a “buy” rating in a research note on Saturday, July 12th. Weiss Ratings restated a “hold (c)” rating on shares of America Movil in a research note on Wednesday, October 8th. Finally, Zacks Research upgraded shares of America Movil from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 22nd. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $21.73.

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.