Point Nemo Capital LLC Acquires 62,025 Shares of America Movil, S.A.B. de C.V. Unsponsored ADR $AMX

Point Nemo Capital LLC bought a new position in America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 62,025 shares of the Wireless communications provider’s stock, valued at approximately $1,314,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AMX. Checchi Capital Advisers LLC raised its position in shares of America Movil by 5.1% in the first quarter. Checchi Capital Advisers LLC now owns 10,290 shares of the Wireless communications provider’s stock valued at $262,000 after purchasing an additional 503 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in shares of America Movil by 23.4% during the 1st quarter. EverSource Wealth Advisors LLC now owns 3,896 shares of the Wireless communications provider’s stock worth $99,000 after buying an additional 739 shares during the period. PNC Financial Services Group Inc. grew its stake in America Movil by 3.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 26,009 shares of the Wireless communications provider’s stock valued at $663,000 after buying an additional 759 shares during the last quarter. NewEdge Wealth LLC grew its stake in America Movil by 11.1% in the 1st quarter. NewEdge Wealth LLC now owns 14,366 shares of the Wireless communications provider’s stock valued at $366,000 after buying an additional 1,430 shares during the last quarter. Finally, Trust Co. of Vermont acquired a new position in America Movil in the 2nd quarter valued at about $39,000. 6.30% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on AMX shares. Wall Street Zen cut shares of America Movil from a “buy” rating to a “hold” rating in a research report on Saturday, October 24th. Santander raised shares of America Movil from a “neutral” rating to an “outperform” rating in a research note on Thursday, August 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of America Movil in a research note on Thursday, August 13th. Zacks Research upgraded shares of America Movil from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 22nd. Finally, UBS Group dropped their price target on America Movil from $32.50 to $31.00 and set a “buy” rating for the company in a research note on Thursday, October 22nd. Two investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, America Movil currently has an average rating of “Moderate Buy” and an average target price of $29.43.

America Movil Stock Performance

Shares of AMX opened at $25.71 on Friday. The stock has a 50 day moving average of $22.97 and a 200 day moving average of $24.46. The company has a market capitalization of $77.27 billion, a price-to-earnings ratio of 14.86, a PEG ratio of 1.36 and a beta of 0.58. America Movil, S.A.B. de C.V. Unsponsored ADR has a 12 month low of $19.70 and a 12 month high of $28.46. 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 Dividend Announcement

The business also recently disclosed a special dividend, which will be paid on Wednesday, November 18th. Investors of record on Tuesday, November 10th will be paid a dividend of $0.2886 per share. The ex-dividend date is Tuesday, November 10th. America Movil’s payout ratio is presently 34.10%.

About America Movil

América Móvil is a telecommunications company headquartered in Mexico City. Established in 2000, it grew from the wireless operations of Telmex and has expanded across the Americas and Europe.

The company provides mobile and fixed-line voice services, broadband internet, pay television and data services to residential, business and government customers. It also offers enterprise connectivity and related technology services.

América Móvil operates under brands that include Telcel in Mexico, Claro in many Latin American markets and A1 in parts of Europe.