Qube Research & Technologies Ltd Acquires New Stakes in América Móvil, SAB de CV (NYSE: AMX)


Qube Research & Technologies Ltd acquired a new stake in América Móvil, SAB de CV (NYSE: AMX – Get Rating) in Q1, according to its latest SEC filing. The fund acquired 22,133 shares of the wireless communications provider, valued at around $468,000.

Several other institutional investors and hedge funds also changed their AMX holdings. Northwestern Mutual Wealth Management Co. increased its position in América Móvil shares by 34.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 10,522 shares of the wireless communications provider valued at $222,000 after purchasing an additional 2,692 shares during the period. Advisor Group Holdings Inc. increased its position in América Móvil shares by 1.0% in the 4th quarter. Advisor Group Holdings Inc. now owns 81,713 shares of the wireless communications provider valued at $1,724,000 after purchasing an additional 783 shares during the period. Cambridge Investment Research Advisors Inc. acquired a new stake in América Móvil in Q4 valued at approximately $242,000. Mercer Global Advisors Inc. ADV purchased a new stake in América Móvil in Q4, valued at approximately $388,000. Finally, Envestnet Asset Management Inc. increased its stake in América Móvil by 40.0% in the 4th quarter. Envestnet Asset Management Inc. now owns 576,845 shares of the wireless communications provider valued at $12,177,000 after acquiring an additional 164,834 shares last quarter. 6.02% of the shares are currently held by institutional investors and hedge funds.

Analyst upgrades and downgrades

Several research companies have commented on AMX. StockNews.com upgraded América Móvil from a “strong buy” rating to a “buy” rating in a Thursday, August 18 research rating. Barclays lowered its price target on América Móvil from $23.00 to $22.00 and set an “overweight” rating on the stock in a Thursday July 14 research note. Finally, Citigroup upgraded América Móvil from a “neutral” rating to a “buy” rating and set a price target of $23.00 on the stock in a Thursday, August 4 research note. Four investment analysts gave the stock a hold rating and three gave the company a buy rating. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $20.80.

América Móvil share performance

NYSE AMX shares opened at $19.08 on Tuesday. The company has a debt ratio of 0.95, a current ratio of 0.77 and a quick ratio of 0.71. The stock’s fifty-day moving average price is $19.24 and its two-hundred-day moving average price is $19.77. América Móvil, SAB de CV has a one-year minimum of $16.90 and a one-year maximum of $22.65. The company has a market capitalization of $61.27 billion, a price/earnings ratio of 6.51, a P/E/G ratio of 0.60 and a beta of 0.83.

América Móvil (NYSE:AMX – Get Rating) last released quarterly earnings data on Tuesday, July 12. The wireless communications provider reported EPS of $0.21 for the quarter, missing analyst consensus estimates of $0.39 per ($0.18). América Móvil achieved a net margin of 21.24% and a return on equity of 20.04%. The company posted revenue of $10.86 billion in the quarter, versus analyst estimates of $10.74 billion. On average, stock analysts expect América Móvil, SAB de CV to post 1.24 EPS for the current year.

América Móvil cuts its dividends

The company also recently announced a semi-annual dividend, which will be paid on Tuesday, September 6. Shareholders of record on Friday August 26 will receive a dividend of $0.1964 per share. This represents a dividend yield of 1.8%. The ex-dividend date is Thursday, August 25. América Móvil’s dividend payout ratio (DPR) is currently 6.83%.

América Móvil company profile

(Get a rating)

America Movil, SAB. de CV provides telecommunications services in Latin America and internationally. The company offers fixed and wireless voice services, including local, national and international long distance services; and network interconnection services. It also provides data services, such as data centers, data administration and hosting services to residential and business customers; value-added services, including Internet access, messaging and other wireless entertainment and business services; data transmission, electronic mail services, instant messaging, content distribution and interactive applications; and wireless security services, mobile payment solutions, machine-to-machine services, mobile banking, virtual private network services, and video calling and personal communications services.

See also

Want to see which other hedge funds hold AMX? Visit HoldingsChannel.com for the latest 13F filings and insider trading for América Móvil, SAB de CV (NYSE:AMX – Get Rating).

Institutional ownership by quarter for América Móvil (NYSE: AMX)



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