Commonwealth Equity Services LLC Acquires 2,873 Shares of América Móvil, S.A.B. de C.V. (NYSE:AMX)

Posted by Defense World Staff on May 18th, 2023

Commonwealth Equity Services LLC boosted its holdings in América Móvil, S.A.B. de C.V. (NYSE:AMX – Get Rating) by 2.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 110,659 shares of the Wireless communications provider’s stock after acquiring an additional 2,873 shares during the quarter. Commonwealth Equity Services LLC’s holdings in América Móvil were worth $2,014,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of AMX. Invesco Ltd. grew its stake in América Móvil by 437.3% during the first quarter. Invesco Ltd. now owns 17,657,861 shares of the Wireless communications provider’s stock worth $373,465,000 after buying an additional 14,371,448 shares during the last quarter. Lazard Asset Management LLC grew its stake in América Móvil by 13.1% during the third quarter. Lazard Asset Management LLC now owns 9,507,900 shares of the Wireless communications provider’s stock worth $156,594,000 after buying an additional 1,099,601 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in América Móvil by 3.6% during the third quarter. Dimensional Fund Advisors LP now owns 4,950,879 shares of the Wireless communications provider’s stock worth $81,583,000 after buying an additional 170,729 shares during the last quarter. BNP Paribas Arbitrage SNC grew its holdings in shares of América Móvil by 210,488.6% during the third quarter. BNP Paribas Arbitrage SNC now owns 4,001,183 shares of the Wireless communications provider’s stock worth $65,899,000 after purchasing an additional 3,999,283 shares during the last quarter. Finally, Renaissance Technologies LLC grew its holdings in shares of América Móvil by 10.2% during the first quarter. Renaissance Technologies LLC now owns 2,739,475 shares of the Wireless communications provider’s stock worth $57,940,000 after purchasing an additional 254,000 shares during the last quarter. 5.55% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently commented on the company. StockNews.com upgraded América Móvil from a “hold” rating to a “strong-buy” rating in a report on Tuesday. JPMorgan Chase & Co. cut shares of América Móvil from a “neutral” rating to an “underweight” rating and set a $19.00 price target on the stock. in a research note on Thursday, February 23rd. HSBC cut shares of América Móvil from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $22.50 to $21.50 in a research report on Monday, April 10th. Citigroup lowered América Móvil from a “buy” rating to a “neutral” rating in a research report on Wednesday, May 3rd. Finally, New Street Research upgraded América Móvil from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $21.00 to $27.00 in a research report on Tuesday. One research analyst has rated the stock with a sell rating, three have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $22.43.

América Móvil Stock Down 0.8 %

Shares of NYSE AMX opened at $22.77 on Thursday. The firm has a market capitalization of $71.95 billion, a PE ratio of 18.82, a price-to-earnings-growth ratio of 0.74 and a beta of 0.88. The company has a current ratio of 0.67, a quick ratio of 0.62 and a debt-to-equity ratio of 0.81. América Móvil, S.A.B. de C.V. has a 1 year low of $16.13 and a 1 year high of $23.07. The firm’s 50-day moving average is $21.30 and its 200-day moving average is $20.31.

América Móvil (NYSE:AMX – Get Rating) last posted its quarterly earnings results on Tuesday, February 14th. The Wireless communications provider reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.01. América Móvil had a return on equity of 19.11% and a net margin of 8.90%. The business had revenue of $10.97 billion for the quarter, compared to analyst estimates of $10.62 billion. Equities analysts expect that América Móvil, S.A.B. de C.V. will post 1.44 EPS for the current year.

América Móvil Announces Dividend

The business also recently declared a semi-annual dividend, which will be paid on Monday, November 13th. Stockholders of record on Friday, November 10th will be given a $0.3605 dividend. The ex-dividend date is Thursday, November 9th. This represents a dividend yield of 1.5%. América Móvil’s dividend payout ratio is currently 47.11%.

América Móvil Profile

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America Movil SAB de CV engages in the provision of telecommunications services. The firm operates through the following segments: Mexico Wireless, Mexico Fixed, Brazil, Colombia, Southern Cone (Argentina, Chile, Paraguay and Uruguay), Andean Region (Ecuador and Peru), Central America (Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama), the Caribbean (the Dominican Republic and Puerto Rico) and Europe (Austria, Belarus, Bulgaria, Croatia, Macedonia, Serbia and Slovenia).