Genus Capital Management Inc. Has $253,000 Position in America Movil, S.A.B. de C.V. Unsponsored ADR $AMX

Genus Capital Management Inc. cut its holdings in America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) by 26.4% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 14,079 shares of the Wireless communications provider’s stock after selling 5,052 shares during the quarter. Genus Capital Management Inc.’s holdings in America Movil were worth $253,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Brighton Jones LLC acquired a new position in shares of America Movil in the fourth quarter valued at approximately $154,000. Cambridge Investment Research Advisors Inc. raised its holdings in shares of America Movil by 41.4% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 21,376 shares of the Wireless communications provider’s stock worth $304,000 after acquiring an additional 6,263 shares during the period. Envestnet Asset Management Inc. lifted its position in 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 acquiring an additional 109,298 shares in the last quarter. Crossmark Global Holdings Inc. boosted its stake 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 worth $2,116,000 after purchasing an additional 585 shares during the period. Finally, Axxcess Wealth Management LLC boosted its stake in America Movil by 16.4% in 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 period. 6.30% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AMX has been the topic of several recent research reports. UBS Group lifted their price target on America Movil from $21.10 to $23.60 and gave the company a “neutral” rating in a research note on Thursday, October 16th. The Goldman Sachs Group set a $24.30 target price on America Movil and gave the company a “buy” rating in a research report on Wednesday, October 22nd. Scotiabank boosted their target price on America Movil from $17.10 to $19.50 and gave the company a “sector perform” rating in a research note on Thursday, October 16th. JPMorgan Chase & Co. upped their price target on America Movil from $21.00 to $23.50 and gave the stock a “neutral” rating in a research report on Monday, October 20th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of America Movil in a research note on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, America Movil has a consensus rating of “Moderate Buy” and an average target price of $21.73.

America Movil Stock Performance

Shares of NYSE AMX opened at $23.02 on Thursday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.76 and a current ratio of 0.81. The stock has a 50 day moving average price of $21.16 and a 200 day moving average price of $18.92. The stock has a market capitalization of $69.39 billion, a PE ratio of 18.71 and a beta of 0.88. America Movil, S.A.B. de C.V. Unsponsored ADR has a 52 week low of $13.10 and a 52 week high of $23.61.

America Movil (NYSE:AMX) last announced its quarterly earnings data 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 company had revenue of $12.71 billion for 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%. 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 paid a $0.2811 dividend. The ex-dividend date is Friday, November 7th. America Movil’s dividend payout ratio (DPR) is currently 64.23%.

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.