América Móvil, S.A.B. de C.V. (NYSE:AMX) Shares Acquired by NBC Securities Inc.

NBC Securities Inc. grew its holdings in América Móvil, S.A.B. de C.V. (NYSE:AMX) by 655.3% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,717 shares of the Wireless communications provider’s stock after buying an additional 11,901 shares during the period. NBC Securities Inc.’s holdings in América Móvil were worth $255,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Sierra Summit Advisors LLC acquired a new position in shares of América Móvil during the 4th quarter valued at about $199,000. True Wealth Design LLC boosted its position in shares of América Móvil by 5.1% during the 4th quarter. True Wealth Design LLC now owns 40,423 shares of the Wireless communications provider’s stock valued at $749,000 after acquiring an additional 1,947 shares during the last quarter. Schroder Investment Management Group boosted its position in shares of América Móvil by 178.8% during the 4th quarter. Schroder Investment Management Group now owns 9,821,322 shares of the Wireless communications provider’s stock valued at $181,891,000 after acquiring an additional 6,298,239 shares during the last quarter. Oaktree Fund Advisors LLC acquired a new position in shares of América Móvil during the 4th quarter valued at about $4,572,000. Finally, Oaktree Capital Management LP acquired a new position in shares of América Móvil during the 4th quarter valued at about $42,575,000. 6.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. JPMorgan Chase & Co. boosted their price target on shares of América Móvil from $15.00 to $17.50 and gave the company an “underweight” rating in a research report on Monday, April 1st. Scotiabank upped their target price on shares of América Móvil from $16.60 to $17.20 and gave the company a “sector perform” rating in a research report on Thursday, April 25th. Finally, The Goldman Sachs Group raised shares of América Móvil from a “neutral” rating to a “buy” rating and upped their target price for the company from $21.00 to $22.00 in a research report on Monday, April 29th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $21.47.

América Móvil Stock Up 0.8 %

América Móvil stock opened at $16.90 on Friday. América Móvil, S.A.B. de C.V. has a fifty-two week low of $15.99 and a fifty-two week high of $22.26. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.61 and a current ratio of 0.65. The firm has a 50 day moving average price of $18.53 and a 200 day moving average price of $18.49. The company has a market capitalization of $52.47 billion, a PE ratio of 15.65, a price-to-earnings-growth ratio of 0.98 and a beta of 0.95.

América Móvil (NYSE:AMX) last posted its quarterly earnings results on Tuesday, April 16th. The Wireless communications provider reported $0.25 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.17). The business had revenue of $11.98 billion during the quarter, compared to analyst estimates of $11.96 billion. América Móvil had a return on equity of 13.93% and a net margin of 7.28%. Research analysts expect that América Móvil, S.A.B. de C.V. will post 1.45 earnings per share for the current year.

América Móvil Increases Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Monday, July 22nd. Shareholders of record on Friday, July 12th will be paid a $0.2608 dividend. This is an increase from América Móvil’s previous semi-annual dividend of $0.18. The ex-dividend date of this dividend is Friday, July 12th. This represents a dividend yield of 2.1%. América Móvil’s payout ratio is 24.07%.

América Móvil 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 also 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.