Public Employees Retirement System of Ohio Invests $707,000 in America Movil, S.A.B. de C.V. Unsponsored ADR $AMX

Public Employees Retirement System of Ohio acquired a new position in shares of America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 27,211 shares of the Wireless communications provider’s stock, valued at approximately $707,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Atlas Capital Advisors Inc. bought a new position in America Movil during the 4th quarter worth about $37,000. EverSource Wealth Advisors LLC boosted its position in shares of America Movil by 142.3% during the second quarter. EverSource Wealth Advisors LLC now owns 2,103 shares of the Wireless communications provider’s stock worth $38,000 after buying an additional 1,235 shares during the period. Trust Co. of Vermont acquired a new position in shares of America Movil during the second quarter worth about $39,000. Arax Advisory Partners grew its holdings in shares of America Movil by 34.0% during the fourth quarter. Arax Advisory Partners now owns 2,412 shares of the Wireless communications provider’s stock worth $50,000 after buying an additional 612 shares in the last quarter. Finally, Geneos Wealth Management Inc. bought a new position in shares of America Movil during the second quarter worth about $54,000. 6.30% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on AMX shares. New Street Research reaffirmed a “buy” rating and set a $35.00 price target on shares of America Movil in a research note on Wednesday, June 17th. Scotiabank cut their price objective on shares of America Movil from $21.80 to $20.80 and set a “sector perform” rating on the stock in a research report on Wednesday, May 27th. Wall Street Zen cut shares of America Movil from a “strong-buy” rating to a “buy” rating in a report on Monday, July 20th. The Goldman Sachs Group initiated coverage on shares of America Movil in a research report on Monday, May 18th. They issued a “buy” rating and a $31.80 target price for the company. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of America Movil in a research report on Thursday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $29.52.

America Movil Trading Up 0.4%

Shares of America Movil stock opened at $23.10 on Thursday. 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 stock has a market cap of $69.41 billion, a P/E ratio of 13.91, a P/E/G ratio of 1.17 and a beta of 0.62. The company has a quick ratio of 0.66, a current ratio of 0.71 and a debt-to-equity ratio of 0.90. The business’s 50 day moving average is $24.57 and its 200-day moving average is $25.30.

America Movil (NYSE:AMX) last released its earnings results on Wednesday, July 1st. The Wireless communications provider reported $0.46 earnings per share for the quarter. The business had revenue of $13.78 billion during the quarter. America Movil had a net margin of 9.38% and a return on equity of 20.33%. Equities research analysts predict that America Movil, S.A.B. de C.V. Unsponsored ADR will post 1.9 earnings per share for the current fiscal year.

America Movil Announces Dividend

The company also recently disclosed a special dividend, which was paid on Wednesday, July 22nd. Stockholders of record on Tuesday, July 14th were paid a dividend of $0.3078 per share. The ex-dividend date was Tuesday, July 14th. America Movil’s payout ratio is currently 35.54%.

About America Movil

América Móvil, SAB. de C.V. is a telecommunications company headquartered in Mexico City. It provides wireless and fixed-line voice services, mobile and fixed broadband, pay television, data transmission, information technology, and other digital communications services to consumers, businesses, and government customers.

The company operates primarily through the Telcel brand in Mexico and the Claro brand across much of Latin America and the Caribbean. Its operations also include services in the United States through TracFone Wireless and telecommunications businesses in Europe through its participation in Telekom Austria Group.