JPMorgan Chase & Co. Purchases 386,391 Shares of America Movil SAB de CV ADR Series L (AMX)

JPMorgan Chase & Co. increased its position in America Movil SAB de CV ADR Series L (NYSE:AMX) by 69.5% in the third quarter, Holdings Channel reports. The institutional investor owned 942,559 shares of the Wireless communications provider’s stock after buying an additional 386,391 shares during the quarter. JPMorgan Chase & Co.’s holdings in America Movil SAB de CV ADR Series L were worth $15,137,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Schroder Investment Management Group lifted its position in America Movil SAB de CV ADR Series L by 1,333.7% in the 2nd quarter. Schroder Investment Management Group now owns 9,843,758 shares of the Wireless communications provider’s stock worth $164,391,000 after buying an additional 9,157,166 shares during the last quarter. Morgan Stanley lifted its position in America Movil SAB de CV ADR Series L by 505.0% in the 2nd quarter. Morgan Stanley now owns 9,078,471 shares of the Wireless communications provider’s stock worth $151,248,000 after buying an additional 7,577,793 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in America Movil SAB de CV ADR Series L by 5.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,594,342 shares of the Wireless communications provider’s stock worth $76,549,000 after buying an additional 226,445 shares during the last quarter. USS Investment Management Ltd lifted its position in America Movil SAB de CV ADR Series L by 20.8% in the 3rd quarter. USS Investment Management Ltd now owns 4,063,185 shares of the Wireless communications provider’s stock worth $65,275,000 after buying an additional 700,000 shares during the last quarter. Finally, Northcape Capital Pty Ltd lifted its position in America Movil SAB de CV ADR Series L by 11.0% in the 2nd quarter. Northcape Capital Pty Ltd now owns 2,761,310 shares of the Wireless communications provider’s stock worth $46,003,000 after buying an additional 273,451 shares during the last quarter. Institutional investors own 7.62% of the company’s stock.

Shares of AMX stock opened at $13.90 on Friday. The company has a quick ratio of 0.68, a current ratio of 0.78 and a debt-to-equity ratio of 2.94. America Movil SAB de CV ADR Series L has a fifty-two week low of $12.00 and a fifty-two week high of $19.91. The company has a market capitalization of $44.80 billion, a price-to-earnings ratio of 30.82, a P/E/G ratio of 0.87 and a beta of 0.50.

America Movil SAB de CV ADR Series L (NYSE:AMX) last announced its quarterly earnings data on Tuesday, October 16th. The Wireless communications provider reported $0.30 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by ($0.03). America Movil SAB de CV ADR Series L had a net margin of 2.57% and a return on equity of 12.80%. The company had revenue of $13.15 billion during the quarter, compared to the consensus estimate of $12.94 billion. On average, equities analysts predict that America Movil SAB de CV ADR Series L will post 0.82 EPS for the current year.

The business also recently disclosed a dividend, which was paid on Friday, November 9th. Shareholders of record on Friday, November 9th were given a $0.161 dividend. The ex-dividend date was Thursday, November 8th. America Movil SAB de CV ADR Series L’s payout ratio is currently 45.59%.

A number of analysts recently weighed in on the company. UBS Group downgraded America Movil SAB de CV ADR Series L from a “neutral” rating to an “underperform” rating in a research report on Thursday, September 13th. ValuEngine upgraded America Movil SAB de CV ADR Series L from a “sell” rating to a “hold” rating in a research report on Tuesday, October 9th. Zacks Investment Research downgraded America Movil SAB de CV ADR Series L from a “hold” rating to a “strong sell” rating in a research report on Friday, October 5th. TheStreet upgraded America Movil SAB de CV ADR Series L from a “c” rating to a “b-” rating in a research report on Monday, October 22nd. Finally, Bradesco Corretora upgraded America Movil SAB de CV ADR Series L to a “neutral” rating in a research report on Monday, November 26th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company. America Movil SAB de CV ADR Series L currently has an average rating of “Hold” and an average price target of $19.75.

ILLEGAL ACTIVITY NOTICE: This article was published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this article on another website, it was illegally stolen and republished in violation of international copyright and trademark laws. The legal version of this article can be read at https://www.dispatchtribunal.com/2018/12/07/jpmorgan-chase-co-purchases-386391-shares-of-america-movil-sab-de-cv-adr-series-l-amx.html.

About America Movil SAB de CV ADR Series L

América Móvil, SAB. de C.V. provides telecommunications services in Latin America, the United States, the Caribbean, and Europe. 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 Internet access, messaging, and other wireless entertainment and corporate services; data transmission, email services, instant messaging, content streaming, and interactive applications; and data center, data administration, and hosting services to residential and corporate clients, as well as residential broadband services.

Recommended Story: Compound Interest and Why It Matters When Investing

Want to see what other hedge funds are holding AMX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for America Movil SAB de CV ADR Series L (NYSE:AMX).

Institutional Ownership by Quarter for America Movil SAB de CV ADR Series L (NYSE:AMX)

Receive News & Ratings for America Movil SAB de CV ADR Series L Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for America Movil SAB de CV ADR Series L and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply