TIAA Trust National Association Acquires Shares of 10,013 America Movil, S.A.B. de C.V. Unsponsored ADR $AMX

TIAA Trust National Association bought a new position in America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 10,013 shares of the Wireless communications provider’s stock, valued at approximately $180,000.

A number of other hedge funds have also made changes to their positions in the company. Hilltop National Bank bought a new position in America Movil during the 2nd quarter valued at about $27,000. Advantage Trust Co acquired a new stake in shares of America Movil during the second quarter worth approximately $30,000. Maseco LLP bought a new position in shares of America Movil in the second quarter valued at approximately $54,000. Public Employees Retirement System of Ohio bought a new position in shares of America Movil in the second quarter valued at approximately $82,000. Finally, Farther Finance Advisors LLC boosted its holdings in shares of America Movil by 34.9% in the 2nd quarter. Farther Finance Advisors LLC now owns 5,145 shares of the Wireless communications provider’s stock worth $92,000 after acquiring an additional 1,332 shares in the last quarter. Institutional investors and hedge funds own 6.30% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on AMX shares. The Goldman Sachs Group set a $24.30 price target on America Movil and gave the company a “buy” rating in a report on Wednesday, October 22nd. Weiss Ratings reissued a “hold (c)” rating on shares of America Movil in a research note on Wednesday, October 8th. Scotiabank raised their target price on America Movil from $17.10 to $19.50 and gave the company a “sector perform” rating in a research note on Thursday, October 16th. JPMorgan Chase & Co. lifted their price target on America Movil from $21.00 to $23.50 and gave the company a “neutral” rating in a report on Monday, October 20th. Finally, Citigroup downgraded shares of America Movil from a “buy” rating to a “neutral” rating and upped their price target for the stock from $20.00 to $22.00 in a research report on Wednesday, September 10th. Two investment analysts have 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 MarketBeat, America Movil currently has an average rating of “Moderate Buy” and an average target price of $21.73.

America Movil Trading Down 1.0%

AMX stock opened at $22.74 on Friday. The company has a quick ratio of 0.76, a current ratio of 0.81 and a debt-to-equity ratio of 1.02. America Movil, S.A.B. de C.V. Unsponsored ADR has a twelve month low of $13.10 and a twelve month high of $23.61. The company has a market cap of $68.56 billion, a P/E ratio of 18.49 and a beta of 0.88. The business has a fifty day moving average of $21.21 and a 200-day moving average of $18.95.

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

America Movil Dividend Announcement

The firm also recently declared a special dividend, which will be paid on Monday, November 17th. Stockholders of record on Friday, November 7th will be given a dividend of $0.2811 per share. The ex-dividend date is Friday, November 7th. America Movil’s payout ratio is currently 64.23%.

America Movil Company Profile

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.