15,329 Shares in América Móvil, S.A.B. de C.V. (NYSE:AMX) Bought by Caprock Group LLC

Caprock Group LLC bought a new position in América Móvil, S.A.B. de C.V. (NYSE:AMX) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 15,329 shares of the Wireless communications provider’s stock, valued at approximately $261,000.

Other large investors have also made changes to their positions in the company. Headlands Technologies LLC raised its position in shares of América Móvil by 448.5% in the 1st quarter. Headlands Technologies LLC now owns 4,328 shares of the Wireless communications provider’s stock worth $81,000 after buying an additional 3,539 shares during the period. Capital International Investors raised its position in América Móvil by 9.9% in the fourth quarter. Capital International Investors now owns 62,598,018 shares of the Wireless communications provider’s stock valued at $1,158,783,000 after purchasing an additional 5,627,860 shares during the period. Schroder Investment Management Group raised its position in América Móvil by 178.8% in the fourth quarter. Schroder Investment Management Group now owns 9,821,322 shares of the Wireless communications provider’s stock valued at $181,891,000 after purchasing an additional 6,298,239 shares during the period. Oaktree Capital Management LP purchased a new position in América Móvil in the fourth quarter valued at about $42,575,000. Finally, Capstone Investment Advisors LLC purchased a new position in América Móvil in the first quarter valued at about $1,353,000. 6.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have commented on AMX shares. UBS Group cut their price objective on América Móvil from $23.30 to $22.60 and set a “buy” rating on the stock in a research report on Thursday, July 18th. Scotiabank cut their price objective on América Móvil from $19.00 to $18.90 and set a “sector perform” rating on the stock in a research report on Wednesday, July 17th. Finally, StockNews.com raised América Móvil from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 9th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, América Móvil has a consensus rating of “Moderate Buy” and an average target price of $21.39.

América Móvil Stock Up 1.4 %

Shares of NYSE AMX opened at $16.85 on Friday. América Móvil, S.A.B. de C.V. has a 1 year low of $15.55 and a 1 year high of $20.31. The firm has a market cap of $51.98 billion, a price-to-earnings ratio of 15.60, a PEG ratio of 0.98 and a beta of 0.95. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.63 and a current ratio of 0.68. The stock’s 50-day simple moving average is $17.01 and its 200-day simple moving average is $17.96.

América Móvil (NYSE:AMX) last announced its earnings results on Tuesday, July 16th. The Wireless communications provider reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.36). América Móvil had a return on equity of 7.73% and a net margin of 3.98%. The business had revenue of $11.93 billion for the quarter, compared to analysts’ expectations of $12.37 billion. As a group, equities analysts anticipate that América Móvil, S.A.B. de C.V. will post 1.39 earnings per share for the current fiscal year.

América Móvil Increases Dividend

The company also recently declared a semi-annual dividend, which was paid on Monday, July 22nd. Investors of record on Friday, July 12th were paid a $0.2608 dividend. This represents a yield of 2.1%. This is an increase from América Móvil’s previous semi-annual dividend of $0.18. The ex-dividend date was Friday, July 12th. América Móvil’s dividend payout ratio (DPR) is 25.00%.

About América Móvil

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 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.