Diversify Wealth Management LLC Acquires New Shares in America Movil, S.A.B. de C.V. Unsponsored ADR $AMX

Diversify Wealth Management LLC acquired a new stake in America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 21,709 shares of the Wireless communications provider’s stock, valued at approximately $567,000.

A number of other hedge funds have also recently made changes to their positions in AMX. Camelot Portfolios LLC purchased a new stake in America Movil during the fourth quarter worth about $31,000. Atlas Capital Advisors Inc. acquired a new stake in America Movil during the 4th quarter worth approximately $37,000. EverSource Wealth Advisors LLC lifted its holdings in America Movil by 142.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,103 shares of the Wireless communications provider’s stock worth $38,000 after buying an additional 1,235 shares in the last quarter. Beacon Financial Strategies CORP purchased a new position in America Movil in the 4th quarter valued at approximately $43,000. Finally, Arax Advisory Partners boosted its position in America Movil by 34.0% in the 4th quarter. Arax Advisory Partners now owns 2,412 shares of the Wireless communications provider’s stock valued at $50,000 after buying an additional 612 shares during the period. Hedge funds and other institutional investors own 6.30% of the company’s stock.

America Movil Stock Up 0.6%

Shares of NYSE:AMX opened at $26.29 on Friday. The company has a quick ratio of 0.67, a current ratio of 0.72 and a debt-to-equity ratio of 0.97. 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 stock’s fifty day simple moving average is $26.19 and its 200-day simple moving average is $24.56. The company has a market capitalization of $79.13 billion, a P/E ratio of 16.74, a P/E/G ratio of 0.83 and a beta of 0.66.

America Movil (NYSE:AMX) last posted its quarterly earnings data on Tuesday, March 31st. The Wireless communications provider reported $0.02 EPS 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, equities research analysts forecast that America Movil, S.A.B. de C.V. Unsponsored ADR will post 1.91 earnings per share for the current fiscal year.

America Movil Announces Dividend

The company also recently announced a special dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Tuesday, July 14th will be paid a $0.3078 dividend. The ex-dividend date is Tuesday, July 14th. America Movil’s dividend payout ratio is 37.58%.

Wall Street Analyst Weigh In

AMX has been the topic of a number of analyst reports. Scotiabank cut their price target on America Movil from $21.80 to $20.80 and set a “sector perform” rating on the stock in a research note on Wednesday, May 27th. The Goldman Sachs Group began coverage on America Movil in a research note on Monday, May 18th. They set a “buy” rating and a $31.80 target price for the company. 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. JPMorgan Chase & Co. raised their target price on shares of America Movil from $24.50 to $30.00 and gave the stock a “neutral” rating in a research report on Thursday, May 14th. Finally, UBS Group raised their price target on America Movil to $31.50 and gave the stock a “buy” rating in a report on Thursday, April 23rd. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $28.16.

America Movil 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.