AIA Group Ltd Buys 21,354 Shares of América Móvil, S.A.B. de C.V. (NYSE:AMX)

AIA Group Ltd boosted its stake in América Móvil, S.A.B. de C.V. (NYSE:AMX) by 18.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 136,948 shares of the Wireless communications provider’s stock after acquiring an additional 21,354 shares during the period. AIA Group Ltd’s holdings in América Móvil were worth $2,555,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in AMX. Envestnet Portfolio Solutions Inc. increased its holdings in América Móvil by 2.8% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 21,622 shares of the Wireless communications provider’s stock worth $400,000 after buying an additional 587 shares in the last quarter. NewEdge Wealth LLC grew its stake in shares of América Móvil by 5.9% during the 4th quarter. NewEdge Wealth LLC now owns 16,900 shares of the Wireless communications provider’s stock valued at $313,000 after purchasing an additional 944 shares during the period. Sound Income Strategies LLC grew its stake in shares of América Móvil by 43.5% during the 1st quarter. Sound Income Strategies LLC now owns 3,466 shares of the Wireless communications provider’s stock valued at $65,000 after purchasing an additional 1,051 shares during the period. Vestmark Advisory Solutions Inc. grew its stake in shares of América Móvil by 7.2% during the 4th quarter. Vestmark Advisory Solutions Inc. now owns 16,797 shares of the Wireless communications provider’s stock valued at $311,000 after purchasing an additional 1,133 shares during the period. Finally, Commonwealth Equity Services LLC grew its stake in shares of América Móvil by 1.2% during the 1st quarter. Commonwealth Equity Services LLC now owns 117,906 shares of the Wireless communications provider’s stock valued at $2,200,000 after purchasing an additional 1,377 shares during the period. Institutional investors own 6.30% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. StockNews.com assumed coverage on América Móvil in a research note on Saturday, July 6th. They set a “buy” rating for the company. The Goldman Sachs Group raised América Móvil from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $21.00 to $22.00 in a report on Monday, April 29th. Scotiabank lowered their price target on América Móvil from $19.60 to $19.00 and set a “sector perform” rating on the stock in a report on Tuesday, June 25th. Finally, JPMorgan Chase & Co. upped their price objective on América Móvil from $15.00 to $17.50 and gave the stock an “underweight” rating in a report on Monday, April 1st. One equities research 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’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $21.69.

América Móvil Trading Down 1.0 %

NYSE:AMX traded down $0.19 during midday trading on Friday, hitting $18.35. 1,287,122 shares of the company traded hands, compared to its average volume of 1,511,914. The firm’s fifty day moving average is $18.19 and its 200-day moving average is $18.37. América Móvil, S.A.B. de C.V. has a 12-month low of $15.99 and a 12-month high of $21.81. The firm has a market capitalization of $56.98 billion, a P/E ratio of 16.99, a P/E/G ratio of 1.07 and a beta of 0.94. The company has a current ratio of 0.65, a quick ratio of 0.61 and a debt-to-equity ratio of 0.81.

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

América Móvil Increases Dividend

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

About América Móvil

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.