Allspring Global Investments Holdings LLC Has $63.03 Million Holdings in America Movil, S.A.B. de C.V. Unsponsored ADR $AMX

Allspring Global Investments Holdings LLC cut its position in America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) by 4.7% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 2,468,928 shares of the Wireless communications provider’s stock after selling 120,723 shares during the period. Allspring Global Investments Holdings LLC’s holdings in America Movil were worth $63,032,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AMX. Lazard Asset Management LLC lifted its stake in America Movil by 8.8% in the third quarter. Lazard Asset Management LLC now owns 17,703,513 shares of the Wireless communications provider’s stock valued at $371,774,000 after acquiring an additional 1,430,626 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its stake in shares of America Movil by 93.8% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 8,376,918 shares of the Wireless communications provider’s stock worth $173,151,000 after purchasing an additional 4,053,838 shares during the last quarter. Boston Partners increased its stake in shares of America Movil by 7.3% during the 4th quarter. Boston Partners now owns 4,835,629 shares of the Wireless communications provider’s stock worth $99,952,000 after purchasing an additional 326,890 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of America Movil by 1.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,215,162 shares of the Wireless communications provider’s stock valued at $87,129,000 after purchasing an additional 71,182 shares during the period. Finally, Morgan Stanley raised its holdings in shares of America Movil by 9.8% in the 4th quarter. Morgan Stanley now owns 3,970,788 shares of the Wireless communications provider’s stock valued at $82,076,000 after purchasing an additional 353,632 shares during the period. 6.30% of the stock is owned by institutional investors.

America Movil Stock Performance

NYSE:AMX opened at $26.29 on Friday. The company has a market cap of $79.13 billion, a price-to-earnings ratio of 16.74, a PEG ratio of 0.84 and a beta of 0.66. America Movil, S.A.B. de C.V. Unsponsored ADR has a fifty-two week low of $16.92 and a fifty-two week high of $28.46. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.67 and a current ratio of 0.72. The stock has a fifty day moving average price of $26.19 and a 200-day moving average price of $24.56.

America Movil (NYSE:AMX) last issued its quarterly earnings results on Tuesday, March 31st. The Wireless communications provider reported $0.02 EPS for the quarter. The company had revenue of $13.24 billion for the quarter. America Movil had a return on equity of 19.77% and a net margin of 9.23%. As a group, equities analysts anticipate that America Movil, S.A.B. de C.V. Unsponsored ADR will post 1.91 EPS for the current fiscal year.

America Movil Dividend Announcement

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

Wall Street Analysts Forecast Growth

AMX has been the subject of a number of research analyst reports. Scotiabank reduced their price target on America Movil from $21.80 to $20.80 and set a “sector perform” rating for the company in a report on Wednesday, May 27th. Weiss Ratings upgraded America Movil from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 18th. New Street Research reaffirmed a “buy” rating and issued a $35.00 price objective on shares of America Movil in a research report on Wednesday, June 17th. JPMorgan Chase & Co. lifted their target price on America Movil from $24.50 to $30.00 and gave the stock a “neutral” rating in a research note on Thursday, May 14th. Finally, UBS Group increased their price target on America Movil to $31.50 and gave the company a “buy” rating in a research note on Thursday, April 23rd. One investment 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’s stock. Based on data from MarketBeat, America Movil currently has a consensus rating of “Hold” and an average price target 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.