Whittier Trust Co. Buys 582 Shares of America Movil, S.A.B. de C.V. Unsponsored ADR $AMX

Whittier Trust Co. raised its stake in shares of America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) by 2.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,198 shares of the Wireless communications provider’s stock after acquiring an additional 582 shares during the period. Whittier Trust Co.’s holdings in America Movil were worth $380,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Sequoia Financial Advisors LLC raised its stake in shares of America Movil by 28.0% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 19,177 shares of the Wireless communications provider’s stock worth $344,000 after purchasing an additional 4,199 shares during the period. Lester Murray Antman dba SimplyRich bought a new stake in shares of America Movil during the 2nd quarter worth $209,000. Hilltop National Bank bought a new stake in shares of America Movil during the 2nd quarter worth $27,000. Janney Montgomery Scott LLC raised its stake in shares of America Movil by 10.2% during the 2nd quarter. Janney Montgomery Scott LLC now owns 12,303 shares of the Wireless communications provider’s stock worth $221,000 after purchasing an additional 1,134 shares during the period. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of America Movil during the 2nd quarter worth $82,000. 6.30% of the stock is currently owned by institutional investors.

America Movil Trading Up 1.0%

Shares of AMX opened at $22.73 on Friday. The business has a 50-day moving average of $20.57 and a 200 day moving average of $18.35. America Movil, S.A.B. de C.V. Unsponsored ADR has a fifty-two week low of $13.10 and a fifty-two week high of $22.76. The firm has a market cap of $68.63 billion, a P/E ratio of 18.48 and a beta of 0.88. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.76 and a current ratio of 0.81.

America Movil (NYSE:AMX) last posted its earnings results on Wednesday, October 15th. The Wireless communications provider reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.04. The business had revenue of $12.71 billion during the quarter, compared to analyst estimates of $235.15 billion. America Movil had a return on equity of 16.59% and a net margin of 7.87%. As a group, research analysts forecast that America Movil, S.A.B. de C.V. Unsponsored ADR will post 1.51 EPS for the current year.

America Movil Announces Dividend

The business also recently announced a special dividend, which will be paid on Monday, November 17th. Shareholders of record on Friday, November 7th will be issued a dividend of $0.2811 per share. The ex-dividend date of this dividend is Friday, November 7th. America Movil’s payout ratio is presently 41.46%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Citigroup cut America Movil from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $20.00 to $22.00 in a research note on Wednesday, September 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of America Movil in a research note on Wednesday, October 8th. Scotiabank lifted their target price on America Movil from $17.10 to $19.50 and gave the stock a “sector perform” rating in a research note on Thursday, October 16th. Wall Street Zen raised America Movil from a “hold” rating to a “buy” rating in a report on Saturday, July 12th. Finally, The Goldman Sachs Group set a $24.30 price objective on America Movil and gave the stock a “buy” rating in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, America Movil presently has a consensus rating of “Moderate Buy” and a consensus price target of $21.73.

About America Movil

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 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.