Renaissance Technologies LLC Has $30.36 Million Stock Position in America Movil, S.A.B. de C.V. Unsponsored ADR $AMX

Renaissance Technologies LLC lowered its stake in shares of America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) by 16.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,191,628 shares of the Wireless communications provider’s stock after selling 236,900 shares during the quarter. Renaissance Technologies LLC’s holdings in America Movil were worth $30,363,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Robeco Institutional Asset Management B.V. grew its position in America Movil by 93.8% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 8,376,918 shares of the Wireless communications provider’s stock worth $173,151,000 after buying an additional 4,053,838 shares in the last quarter. ABS Direct Equity Fund LLC raised its holdings in America Movil by 1,549.4% in the 4th quarter. ABS Direct Equity Fund LLC now owns 273,800 shares of the Wireless communications provider’s stock valued at $5,659,000 after acquiring an additional 257,200 shares in the last quarter. Teacher Retirement System of Texas raised its holdings in America Movil by 10.6% in the 4th quarter. Teacher Retirement System of Texas now owns 1,660,300 shares of the Wireless communications provider’s stock valued at $34,318,000 after acquiring an additional 159,600 shares in the last quarter. Faithward Advisors LLC bought a new stake in shares of America Movil in the 1st quarter worth approximately $1,898,000. Finally, First Trust Advisors LP lifted its position in shares of America Movil by 12.5% in the 1st quarter. First Trust Advisors LP now owns 2,099,260 shares of the Wireless communications provider’s stock worth $53,489,000 after acquiring an additional 233,925 shares during the period. Institutional investors own 6.30% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on AMX. The Goldman Sachs Group started coverage on America Movil in a report on Monday, May 18th. They set a “buy” rating and a $31.80 price objective on the stock. Scotiabank reduced their target price on America Movil from $21.80 to $20.80 and set a “sector perform” rating for the company in a research report on Wednesday, May 27th. JPMorgan Chase & Co. raised their target price on America Movil from $24.50 to $30.00 and gave the stock a “neutral” rating in a research report on Thursday, May 14th. Weiss Ratings upgraded shares of America Movil from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 18th. Finally, UBS Group boosted their price target on shares of America Movil to $31.50 and gave the company a “buy” rating in a report on Thursday, April 23rd. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, America Movil currently has a consensus rating of “Hold” and a consensus price target of $28.16.

America Movil Stock Up 0.1%

NYSE AMX opened at $25.73 on Wednesday. America Movil, S.A.B. de C.V. Unsponsored ADR has a 1-year low of $17.80 and a 1-year high of $28.46. The company has a market capitalization of $77.45 billion, a price-to-earnings ratio of 15.50, a PEG ratio of 0.82 and a beta of 0.66. The stock’s 50 day moving average is $26.05 and its two-hundred day moving average is $24.85. The company has a current ratio of 0.71, a quick ratio of 0.66 and a debt-to-equity ratio of 0.90.

America Movil (NYSE:AMX) last issued its earnings results on Wednesday, July 1st. The Wireless communications provider reported $0.02 earnings per share (EPS) for the quarter. The business had revenue of $13.78 billion during the quarter. America Movil had a return on equity of 20.33% and a net margin of 9.38%. Equities analysts forecast that America Movil, S.A.B. de C.V. Unsponsored ADR will post 1.92 earnings per share for the current fiscal year.

America Movil Announces Dividend

The business also recently declared a special dividend, which was paid on Wednesday, July 22nd. Shareholders of record on Tuesday, July 14th were given a $0.3078 dividend. The ex-dividend date was Tuesday, July 14th. America Movil’s dividend payout ratio is 35.54%.

America Movil Company Profile

América Móvil is a Mexican telecommunications company headquartered in Mexico City that provides a broad range of communications services. Established in the early 2000s out of the expansion of the Slim family’s telecommunications holdings, the company is a major provider of mobile and fixed-line telephony, broadband internet and pay-television services in the region. Its operations span retail consumer services as well as wholesale and enterprise solutions, positioning it as an integrated communications provider across multiple customer segments.

The company markets services under several regional brands—most notably Telcel in Mexico and Claro across many Latin American markets—and offers both prepaid and postpaid mobile plans, fixed and mobile broadband, fiber-to-the-home where available, and video/broadcast distribution services.