Private Ocean LLC Makes New $26,000 Investment in América Móvil, S.A.B. de C.V. (NYSE:AMX)

Private Ocean LLC purchased a new stake in América Móvil, S.A.B. de C.V. (NYSE:AMX) in the first quarter, according to its most recent filing with the SEC. The fund purchased 1,419 shares of the Wireless communications provider’s stock, valued at approximately $26,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Capital International Investors lifted its holdings in América Móvil by 9.9% in 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 acquiring an additional 5,627,860 shares during the last quarter. Lazard Asset Management LLC raised its position in shares of América Móvil by 9.1% during the 3rd quarter. Lazard Asset Management LLC now owns 11,441,133 shares of the Wireless communications provider’s stock worth $198,159,000 after purchasing an additional 952,521 shares during the period. Schroder Investment Management Group lifted its holdings 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 worth $181,891,000 after purchasing an additional 6,298,239 shares during the last quarter. Oaktree Capital Management LP bought a new stake in shares of América Móvil in the 4th quarter worth approximately $42,575,000. Finally, Capital International Sarl boosted its position in América Móvil by 13.5% during the 4th quarter. Capital International Sarl now owns 1,128,480 shares of the Wireless communications provider’s stock valued at $20,899,000 after purchasing an additional 134,047 shares during the period. 6.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

América Móvil Price Performance

AMX stock traded up $0.23 during trading on Friday, hitting $17.00. The company had a trading volume of 1,003,763 shares, compared to its average volume of 2,009,287. The firm has a market capitalization of $52.79 billion, a price-to-earnings ratio of 15.74, a P/E/G ratio of 0.98 and a beta of 0.95. The company has a current ratio of 0.65, a quick ratio of 0.61 and a debt-to-equity ratio of 0.81. The business has a 50 day moving average of $18.42 and a 200 day moving average of $18.43. América Móvil, S.A.B. de C.V. has a fifty-two week low of $15.99 and a fifty-two week high of $22.26.

América Móvil (NYSE:AMX) last issued its quarterly earnings results on Tuesday, April 16th. The Wireless communications provider reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.17). The company had revenue of $11.98 billion during the quarter, compared to analyst estimates of $11.96 billion. América Móvil had a return on equity of 13.93% and a net margin of 7.28%. As a group, research analysts predict 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 company also recently declared 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. This is a positive change from América Móvil’s previous semi-annual dividend of $0.18. This represents a yield of 2.1%. The ex-dividend date is Friday, July 12th. América Móvil’s dividend payout ratio (DPR) is presently 24.07%.

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.