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.
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