ABC Arbitrage SA Buys 316,767 Shares of America Movil, S.A.B. de C.V. Unsponsored ADR $AMX

ABC Arbitrage SA lifted its position in America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) by 316.3% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 416,914 shares of the Wireless communications provider’s stock after purchasing an additional 316,767 shares during the period. America Movil accounts for about 1.4% of ABC Arbitrage SA’s investment portfolio, making the stock its 16th biggest position. ABC Arbitrage SA’s holdings in America Movil were worth $10,623,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of AMX. Brighton Jones LLC purchased a new position in shares of America Movil during the fourth quarter valued at $154,000. Royal Bank of Canada increased its position in America Movil by 16.9% during the 1st quarter. Royal Bank of Canada now owns 375,504 shares of the Wireless communications provider’s stock valued at $5,339,000 after purchasing an additional 54,152 shares during the period. Jones Financial Companies Lllp raised its holdings in shares of America Movil by 2,189.8% in the 1st quarter. Jones Financial Companies Lllp now owns 23,241 shares of the Wireless communications provider’s stock valued at $330,000 after purchasing an additional 22,226 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of America Movil by 15.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 778,584 shares of the Wireless communications provider’s stock valued at $11,071,000 after purchasing an additional 102,545 shares in the last quarter. Finally, Jane Street Group LLC lifted its position in shares of America Movil by 9.5% in the 1st quarter. Jane Street Group LLC now owns 50,584 shares of the Wireless communications provider’s stock worth $719,000 after purchasing an additional 4,373 shares during the period. Institutional investors own 6.30% of the company’s stock.

America Movil Trading Down 0.1%

NYSE AMX opened at $25.97 on Tuesday. America Movil, S.A.B. de C.V. Unsponsored ADR has a 52 week low of $16.92 and a 52 week high of $28.46. The company has a 50 day moving average price of $26.27 and a 200 day moving average price of $24.43. The company has a quick ratio of 0.67, a current ratio of 0.72 and a debt-to-equity ratio of 0.97. The firm has a market cap of $78.18 billion, a PE ratio of 16.54, a price-to-earnings-growth ratio of 0.83 and a beta of 0.66.

America Movil (NYSE:AMX) last announced its earnings results on Tuesday, March 31st. The Wireless communications provider reported $0.02 earnings per share for the quarter. America Movil had a net margin of 9.23% and a return on equity of 19.77%. The company had revenue of $13.24 billion during the quarter. As a group, sell-side analysts forecast 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 firm also recently disclosed a special dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Tuesday, July 14th will be issued a dividend of $0.3078 per share. The ex-dividend date is Tuesday, July 14th. America Movil’s dividend payout ratio is currently 35.67%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on AMX shares. Weiss Ratings upgraded shares of America Movil from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 18th. New Street Research reissued a “buy” rating and issued a $35.00 price objective on shares of America Movil in a research note on Wednesday, June 17th. UBS Group upped their target price on America Movil to $31.50 and gave the stock a “buy” rating in a report on Thursday, April 23rd. Scotiabank dropped their target price on America Movil from $21.80 to $20.80 and set a “sector perform” rating on the stock in a research report on Wednesday, May 27th. Finally, The Goldman Sachs Group assumed coverage on America Movil in a report on Monday, May 18th. They issued a “buy” rating and a $31.80 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, America Movil has an average rating of “Hold” and a consensus 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.