Gateway Investment Advisers LLC Acquires New Shares in América Móvil, S.A.B. de C.V. (NYSE:AMX)

Gateway Investment Advisers LLC acquired a new stake in América Móvil, S.A.B. de C.V. (NYSE:AMX) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 10,942 shares of the Wireless communications provider’s stock, valued at approximately $204,000.

Several other institutional investors and hedge funds have also modified their holdings of AMX. Principal Securities Inc. acquired a new position in América Móvil during the 4th quarter worth $41,000. Sound Income Strategies LLC lifted its position in América Móvil by 1,729.5% during the 4th quarter. Sound Income Strategies LLC now owns 2,415 shares of the Wireless communications provider’s stock worth $45,000 after acquiring an additional 2,283 shares during the last quarter. First United Bank & Trust acquired a new position in América Móvil during the 4th quarter worth $53,000. Benjamin F. Edwards & Company Inc. acquired a new position in América Móvil during the 4th quarter worth $114,000. Finally, Bank of Nova Scotia acquired a new position in América Móvil during the 3rd quarter worth $173,000. Institutional investors and hedge funds own 6.30% of the company’s stock.

América Móvil Stock Performance

NYSE AMX opened at $16.88 on Thursday. The stock has a market cap of $52.41 billion, a P/E ratio of 15.63, a PEG ratio of 0.99 and a beta of 0.95. The company’s 50-day simple moving average is $18.49 and its 200 day simple moving average is $18.46. América Móvil, S.A.B. de C.V. has a twelve month low of $15.99 and a twelve month high of $22.26. The company has a quick ratio of 0.61, a current ratio of 0.65 and a debt-to-equity ratio of 0.81.

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

América Móvil Increases Dividend

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

Wall Street Analysts Forecast Growth

AMX has been the subject of a number of research analyst reports. The Goldman Sachs Group raised shares of América Móvil from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $21.00 to $22.00 in a research report on Monday, April 29th. Scotiabank cut their price objective on shares of América Móvil from $19.60 to $19.00 and set a “sector perform” rating for the company in a research report on Tuesday. Finally, JPMorgan Chase & Co. upped their price objective 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. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $21.69.

América Móvil 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 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.