Private Advisory Group LLC Invests $307,000 in America Movil, S.A.B. de C.V. (AMX)

Private Advisory Group LLC acquired a new position in shares of America Movil, S.A.B. de C.V. (NYSE:AMX) in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 17,274 shares of the Wireless communications provider’s stock, valued at approximately $307,000.

A number of other institutional investors and hedge funds also recently modified their holdings of AMX. BlackRock Inc. grew its stake in America Movil by 6,024.0% during the 1st quarter. BlackRock Inc. now owns 9,319,238 shares of the Wireless communications provider’s stock worth $132,054,000 after buying an additional 9,167,062 shares during the last quarter. KCG Holdings Inc. bought a new position in America Movil during the 1st quarter worth $283,000. Paloma Partners Management Co grew its stake in America Movil by 58.1% during the 1st quarter. Paloma Partners Management Co now owns 16,105 shares of the Wireless communications provider’s stock worth $228,000 after buying an additional 5,921 shares during the last quarter. Bank of Montreal Can grew its stake in America Movil by 17.8% during the 2nd quarter. Bank of Montreal Can now owns 480,537 shares of the Wireless communications provider’s stock worth $7,650,000 after buying an additional 72,738 shares during the last quarter. Finally, Aperio Group LLC grew its stake in America Movil by 9.8% during the 2nd quarter. Aperio Group LLC now owns 242,658 shares of the Wireless communications provider’s stock worth $3,863,000 after buying an additional 21,672 shares during the last quarter. Hedge funds and other institutional investors own 7.50% of the company’s stock.

Shares of America Movil, S.A.B. de C.V. (NYSE:AMX) opened at $16.92 on Friday. The company has a quick ratio of 0.67, a current ratio of 0.75 and a debt-to-equity ratio of 2.39. The firm has a market capitalization of $56,327.77, a price-to-earnings ratio of 24.36, a PEG ratio of 0.21 and a beta of 0.52. America Movil, S.A.B. de C.V. has a twelve month low of $12.00 and a twelve month high of $19.50.

The company also recently disclosed a semiannual dividend, which was paid on Monday, November 20th. Stockholders of record on Friday, October 27th were issued a $0.1599 dividend. The ex-dividend date of this dividend was Thursday, October 26th. This represents a dividend yield of 1.75%. America Movil’s dividend payout ratio (DPR) is 24.29%.

Several research firms have recently issued reports on AMX. ValuEngine cut America Movil from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. TheStreet cut America Movil from a “b-” rating to a “c+” rating in a research note on Thursday, November 9th. Credit Suisse Group raised America Movil from a “neutral” rating to an “outperform” rating in a research note on Friday, October 20th. Zacks Investment Research cut America Movil from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 16th. Finally, Deutsche Bank raised America Movil from a “hold” rating to a “buy” rating and increased their price target for the stock from $20.00 to $21.00 in a research note on Monday, October 16th. Four analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $17.20.

ILLEGAL ACTIVITY WARNING: “Private Advisory Group LLC Invests $307,000 in America Movil, S.A.B. de C.V. (AMX)” was originally posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this story on another domain, it was stolen and republished in violation of international copyright and trademark legislation. The legal version of this story can be viewed at https://www.dispatchtribunal.com/2017/12/08/private-advisory-group-llc-invests-307000-in-america-movil-s-a-b-de-c-v-amx.html.

About America Movil

America Movil, SAB. de C.V. is a holding company. The Company provides telecommunications services. Its services include mobile and fixed-line voice services, wireless and fixed data services, Internet access and pay television, sales of equipment, accessories and computers, as well as other related services.

Institutional Ownership by Quarter for America Movil (NYSE:AMX)

Receive News & Ratings for America Movil S.A.B. de C.V. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for America Movil S.A.B. de C.V. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply