21,709 Shares in America Movil, S.A.B. de C.V. Unsponsored ADR $AMX Bought by Diversify Wealth Management LLC

Diversify Wealth Management LLC bought a new stake in America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) during the first quarter, HoldingsChannel reports. The firm bought 21,709 shares of the Wireless communications provider’s stock, valued at approximately $567,000.

Several other large investors have also recently added to or reduced their stakes in AMX. Robeco Institutional Asset Management B.V. raised its stake in shares of America Movil by 93.8% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 8,376,918 shares of the Wireless communications provider’s stock valued at $173,151,000 after purchasing an additional 4,053,838 shares in the last quarter. Lazard Asset Management LLC increased its stake in America Movil by 8.8% in the third quarter. Lazard Asset Management LLC now owns 17,703,513 shares of the Wireless communications provider’s stock valued at $371,774,000 after acquiring an additional 1,430,626 shares during the period. Canada Pension Plan Investment Board acquired a new position in America Movil in the second quarter valued at about $11,252,000. Marshall Wace LLP acquired a new position in America Movil in the fourth quarter worth $9,749,000. Finally, Itau Unibanco Holding S.A. lifted its stake in shares of America Movil by 23.6% during the fourth quarter. Itau Unibanco Holding S.A. now owns 2,450,123 shares of the Wireless communications provider’s stock valued at $50,758,000 after acquiring an additional 467,811 shares during the period. 6.30% of the stock is owned by institutional investors and hedge funds.

America Movil Trading Up 0.6%

NYSE:AMX opened at $26.29 on Friday. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.72 and a quick ratio of 0.67. The firm has a 50-day moving average of $26.19 and a 200-day moving average of $24.56. America Movil, S.A.B. de C.V. Unsponsored ADR has a one year low of $16.92 and a one year high of $28.46. The company has a market cap of $79.13 billion, a PE ratio of 16.74, a PEG ratio of 0.83 and a beta of 0.66.

America Movil (NYSE:AMX) last issued its earnings results on Tuesday, March 31st. The Wireless communications provider reported $0.02 earnings per share (EPS) for the quarter. America Movil had a return on equity of 19.77% and a net margin of 9.23%.The firm had revenue of $13.24 billion for the quarter. As a group, equities research analysts expect that America Movil, S.A.B. de C.V. Unsponsored ADR will post 1.91 EPS for the current fiscal year.

America Movil Announces Dividend

The business also recently disclosed a special dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Tuesday, July 14th will be given a $0.3078 dividend. The ex-dividend date is Tuesday, July 14th. America Movil’s payout ratio is presently 37.58%.

Analysts Set New Price Targets

AMX has been the subject of a number of research reports. Weiss Ratings upgraded America Movil from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 18th. UBS Group lifted their price objective on America Movil to $31.50 and gave the company a “buy” rating in a report on Thursday, April 23rd. The Goldman Sachs Group initiated coverage on America Movil in a report on Monday, May 18th. They issued a “buy” rating and a $31.80 target price on the stock. Scotiabank decreased their price target on America Movil from $21.80 to $20.80 and set a “sector perform” rating on the stock in a research note on Wednesday, May 27th. Finally, JPMorgan Chase & Co. boosted their target price on shares of America Movil from $24.50 to $30.00 and gave the stock a “neutral” rating in a research note on Thursday, May 14th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $28.16.

America Movil Company Profile

América Móvil is a Mexican telecommunications company headquartered in Mexico City that provides a broad range of communications services. Established in the early 2000s out of the expansion of the Slim family’s telecommunications holdings, the company is a major provider of mobile and fixed-line telephony, broadband internet and pay-television services in the region. Its operations span retail consumer services as well as wholesale and enterprise solutions, positioning it as an integrated communications provider across multiple customer segments.

The company markets services under several regional brands—most notably Telcel in Mexico and Claro across many Latin American markets—and offers both prepaid and postpaid mobile plans, fixed and mobile broadband, fiber-to-the-home where available, and video/broadcast distribution services.