1,419 Shares in América Móvil, S.A.B. de C.V. (NYSE:AMX) Acquired by Private Ocean LLC

Private Ocean LLC bought a new position in shares of América Móvil, S.A.B. de C.V. (NYSE:AMX) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 1,419 shares of the Wireless communications provider’s stock, valued at approximately $26,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Capital International Investors increased its stake in shares of América Móvil by 9.9% during the fourth quarter. Capital International Investors now owns 62,598,018 shares of the Wireless communications provider’s stock worth $1,158,783,000 after buying an additional 5,627,860 shares during the period. Schroder Investment Management Group increased its position in shares of América Móvil by 178.8% in the 4th quarter. Schroder Investment Management Group now owns 9,821,322 shares of the Wireless communications provider’s stock valued at $181,891,000 after purchasing an additional 6,298,239 shares during the last quarter. Oaktree Capital Management LP purchased a new stake in shares of América Móvil in the 4th quarter valued at approximately $42,575,000. Capital International Sarl grew its stake in shares of América Móvil by 13.5% during the fourth quarter. Capital International Sarl now owns 1,128,480 shares of the Wireless communications provider’s stock worth $20,899,000 after purchasing an additional 134,047 shares in the last quarter. Finally, Sei Investments Co. increased its holdings in América Móvil by 15.4% in the third quarter. Sei Investments Co. now owns 874,457 shares of the Wireless communications provider’s stock valued at $15,146,000 after buying an additional 117,008 shares during the last quarter. Hedge funds and other institutional investors own 6.30% of the company’s stock.

América Móvil Stock Performance

Shares of AMX traded up $0.23 during mid-day trading on Friday, reaching $17.00. 1,003,763 shares of the company’s stock were exchanged, compared to its average volume of 2,009,287. The business’s fifty day simple moving average is $18.42 and its 200-day simple moving average is $18.43. América Móvil, S.A.B. de C.V. has a 52-week low of $15.99 and a 52-week high of $22.26. The stock has a market capitalization of $52.79 billion, a PE ratio of 15.74, a price-to-earnings-growth ratio of 0.98 and a beta of 0.95. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.65 and a quick ratio of 0.61.

América Móvil (NYSE:AMX) last issued its quarterly earnings data on Tuesday, April 16th. The Wireless communications provider reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.17). América Móvil had a return on equity of 13.93% and a net margin of 7.28%. The business had revenue of $11.98 billion for the quarter, compared to analysts’ expectations of $11.96 billion. On average, equities research analysts expect that América Móvil, S.A.B. de C.V. will post 1.45 earnings per share for the current year.

América Móvil Increases Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Monday, July 22nd. Shareholders of record on Friday, July 12th will be paid a dividend of $0.2608 per share. The ex-dividend date of this dividend is Friday, July 12th. This is an increase from América Móvil’s previous semi-annual dividend of $0.18. This represents a yield of 2.1%. América Móvil’s dividend payout ratio is currently 24.07%.

Analyst Ratings Changes

A number of analysts have issued reports on AMX shares. The Goldman Sachs Group raised América Móvil from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $21.00 to $22.00 in a report on Monday, April 29th. JPMorgan Chase & Co. increased their price target on shares of América Móvil from $15.00 to $17.50 and gave the company an “underweight” rating in a research note on Monday, April 1st. StockNews.com assumed coverage on shares of América Móvil in a research report on Friday. They set a “buy” rating for the company. Finally, Scotiabank dropped their target price on shares of América Móvil from $19.60 to $19.00 and set a “sector perform” rating on the stock in a research report on Tuesday. One analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $21.69.

América Móvil 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 also 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.