Advantage Trust Co Makes New $30,000 Investment in America Movil, S.A.B. de C.V. Unsponsored ADR $AMX

Advantage Trust Co acquired a new position in America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) during the second quarter, Holdings Channel.com reports. The firm acquired 1,680 shares of the Wireless communications provider’s stock, valued at approximately $30,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Teacher Retirement System of Texas increased its stake in shares of America Movil by 93.0% in the first quarter. Teacher Retirement System of Texas now owns 1,585,100 shares of the Wireless communications provider’s stock worth $22,540,000 after acquiring an additional 764,000 shares during the period. Millennium Management LLC increased its stake in shares of America Movil by 279.3% in the first quarter. Millennium Management LLC now owns 1,447,032 shares of the Wireless communications provider’s stock worth $20,577,000 after acquiring an additional 1,065,538 shares during the period. Northern Trust Corp increased its stake in shares of America Movil by 23.6% in the first quarter. Northern Trust Corp now owns 1,290,960 shares of the Wireless communications provider’s stock worth $18,357,000 after acquiring an additional 246,357 shares during the period. Wellington Management Group LLP increased its stake in shares of America Movil by 21.6% in the first quarter. Wellington Management Group LLP now owns 1,287,526 shares of the Wireless communications provider’s stock worth $18,309,000 after acquiring an additional 228,908 shares during the period. Finally, American Century Companies Inc. increased its stake in shares of America Movil by 7.0% in the first quarter. American Century Companies Inc. now owns 1,144,560 shares of the Wireless communications provider’s stock worth $16,276,000 after acquiring an additional 74,920 shares during the period. Institutional investors and hedge funds own 6.30% of the company’s stock.

America Movil Price Performance

Shares of AMX opened at $22.36 on Tuesday. America Movil, S.A.B. de C.V. Unsponsored ADR has a 1-year low of $13.10 and a 1-year high of $22.70. The stock has a market cap of $67.53 billion, a PE ratio of 18.18 and a beta of 0.88. The firm has a 50-day simple moving average of $20.35 and a two-hundred day simple moving average of $18.23. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.81 and a quick ratio of 0.76.

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

America Movil Dividend Announcement

The firm also recently disclosed a special dividend, which will be paid on Monday, November 17th. Investors of record on Friday, November 7th will be issued a $0.2811 dividend. The ex-dividend date is Friday, November 7th. America Movil’s payout ratio is 41.46%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on AMX shares. JPMorgan Chase & Co. increased their price objective on shares of America Movil from $21.00 to $23.50 and gave the stock a “neutral” rating in a research note on Monday. Scotiabank raised 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. UBS Group lifted their target price on shares of America Movil from $21.10 to $23.60 and gave the company a “neutral” rating in a research report on Thursday. The Goldman Sachs Group lifted their target price on shares of America Movil from $21.40 to $23.20 and gave the company a “buy” rating in a research report on Monday, October 6th. Finally, Citigroup downgraded shares of 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 note on Wednesday, September 10th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, America Movil has a consensus rating of “Moderate Buy” and an average target price of $21.55.

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.