Sei Investments Co. boosted its stake in shares of America Movil, S.A.B. de C.V. (NYSE:AMX) by 72.9% during the second quarter, Holdings Channel reports. The institutional investor owned 520,857 shares of the Wireless communications provider’s stock after buying an additional 219,529 shares during the period. Sei Investments Co.’s holdings in America Movil, S.A.B. de C.V. were worth $8,292,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently made changes to their positions in AMX. BlackRock Inc. increased its stake in shares of America Movil, S.A.B. de C.V. by 6,024.0% in the first quarter. BlackRock Inc. now owns 9,319,238 shares of the Wireless communications provider’s stock valued at $132,054,000 after buying an additional 9,167,062 shares in the last quarter. Wellington Management Group LLP increased its stake in shares of America Movil, S.A.B. de C.V. by 109.5% in the first quarter. Wellington Management Group LLP now owns 14,134,130 shares of the Wireless communications provider’s stock valued at $200,282,000 after buying an additional 7,387,101 shares in the last quarter. Acadian Asset Management LLC purchased a new stake in shares of America Movil, S.A.B. de C.V. during the second quarter valued at approximately $69,655,000. Lazard Asset Management LLC increased its stake in shares of America Movil, S.A.B. de C.V. by 7.2% in the first quarter. Lazard Asset Management LLC now owns 44,102,428 shares of the Wireless communications provider’s stock valued at $624,930,000 after buying an additional 2,956,339 shares in the last quarter. Finally, AQR Capital Management LLC increased its stake in shares of America Movil, S.A.B. de C.V. by 61.7% in the first quarter. AQR Capital Management LLC now owns 4,007,189 shares of the Wireless communications provider’s stock valued at $56,782,000 after buying an additional 1,528,441 shares in the last quarter. Institutional investors own 8.12% of the company’s stock.

Shares of America Movil, S.A.B. de C.V. (AMX) opened at 18.00 on Friday. The company’s 50-day moving average is $17.03 and its 200-day moving average is $15.06. America Movil, S.A.B. de C.V. has a 12-month low of $11.02 and a 12-month high of $18.12. The stock has a market cap of $59.18 billion, a P/E ratio of 23.08 and a beta of 0.54.

The firm also recently announced a None dividend, which was paid on Monday, July 24th. Shareholders of record on Friday, June 30th were given a $0.17 dividend. The ex-dividend date was Wednesday, June 28th. America Movil, S.A.B. de C.V.’s dividend payout ratio (DPR) is 42.86%.

TRADEMARK VIOLATION WARNING: This news story was reported by Daily Political and is owned by of Daily Political. If you are viewing this news story on another publication, it was copied illegally and reposted in violation of United States and international trademark & copyright legislation. The legal version of this news story can be viewed at https://www.dailypolitical.com/2017/08/13/sei-investments-co-has-8-29-million-position-in-america-movil-s-a-b-de-c-v-nyseamx.html.

AMX has been the subject of several analyst reports. Zacks Investment Research downgraded shares of America Movil, S.A.B. de C.V. from a “hold” rating to a “sell” rating in a report on Tuesday, June 6th. Deutsche Bank AG upgraded shares of America Movil, S.A.B. de C.V. from a “sell” rating to a “hold” rating and set a $10.00 target price for the company in a report on Monday, April 24th. Royal Bank Of Canada set a $12.00 target price on shares of America Movil, S.A.B. de C.V. and gave the company a “sell” rating in a report on Wednesday, May 3rd. Credit Suisse Group reiterated a “hold” rating and issued a $16.00 target price on shares of America Movil, S.A.B. de C.V. in a report on Wednesday, April 26th. Finally, J P Morgan Chase & Co reiterated an “underweight” rating and issued a $13.00 target price (up previously from $11.00) on shares of America Movil, S.A.B. de C.V. in a report on Monday, June 5th. Four investment analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $14.51.

About America Movil, S.A.B. de C.V.

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.

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, S.A.B. de C.V. (NYSE:AMX).

Institutional Ownership by Quarter for America Movil, S.A.B. de C.V. (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.