Wells Fargo & Company MN Has $61 Million Stock Holdings in America Movil SAB de CV ADR Series L (NYSE:AMX)

Wells Fargo & Company MN trimmed its holdings in America Movil SAB de CV ADR Series L (NYSE:AMX) by 0.9% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,271,364 shares of the Wireless communications provider’s stock after selling 40,578 shares during the period. Wells Fargo & Company MN owned 0.13% of America Movil SAB de CV ADR Series L worth $60,996,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Field & Main Bank acquired a new stake in shares of America Movil SAB de CV ADR Series L in the first quarter worth $29,000. Parallel Advisors LLC lifted its stake in shares of America Movil SAB de CV ADR Series L by 66.8% in the first quarter. Parallel Advisors LLC now owns 2,001 shares of the Wireless communications provider’s stock worth $29,000 after buying an additional 801 shares during the last quarter. Bruderman Asset Management LLC acquired a new stake in shares of America Movil SAB de CV ADR Series L in the fourth quarter worth $30,000. Vigilant Capital Management LLC acquired a new stake in shares of America Movil SAB de CV ADR Series L in the first quarter worth $32,000. Finally, Rehmann Capital Advisory Group lifted its stake in shares of America Movil SAB de CV ADR Series L by 437.8% in the fourth quarter. Rehmann Capital Advisory Group now owns 2,490 shares of the Wireless communications provider’s stock worth $35,000 after buying an additional 2,027 shares during the last quarter. 7.33% of the stock is owned by institutional investors.

Several research firms recently commented on AMX. ValuEngine upgraded shares of America Movil SAB de CV ADR Series L from a “sell” rating to a “hold” rating in a research note on Tuesday, April 9th. HSBC upgraded shares of America Movil SAB de CV ADR Series L from a “hold” rating to a “buy” rating in a research note on Friday, April 5th. Finally, JPMorgan Chase & Co. upgraded shares of America Movil SAB de CV ADR Series L from a “neutral” rating to an “overweight” rating and upped their target price for the company from $16.00 to $17.00 in a research note on Friday, April 5th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. America Movil SAB de CV ADR Series L presently has a consensus rating of “Hold” and an average target price of $18.00.

Shares of AMX stock traded up $0.23 during mid-day trading on Monday, reaching $14.79. The company’s stock had a trading volume of 2,141,300 shares, compared to its average volume of 2,337,139. America Movil SAB de CV ADR Series L has a 1-year low of $12.00 and a 1-year high of $18.11. The company has a market capitalization of $48.10 billion, a P/E ratio of 18.49, a P/E/G ratio of 0.94 and a beta of 0.44. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.59 and a current ratio of 0.67. The firm’s 50-day moving average is $14.54.

America Movil SAB de CV ADR Series L (NYSE:AMX) last announced its quarterly earnings data on Monday, April 29th. The Wireless communications provider reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.03). America Movil SAB de CV ADR Series L had a net margin of 4.80% and a return on equity of 21.70%. The business had revenue of $12.79 billion during the quarter, compared to analyst estimates of $13.04 billion. On average, analysts forecast that America Movil SAB de CV ADR Series L will post 1.02 EPS for the current fiscal year.

The firm also recently disclosed a dividend, which will be paid on Friday, July 12th. Stockholders of record on Friday, July 12th will be paid a $0.188 dividend. This is a boost from America Movil SAB de CV ADR Series L’s previous dividend of $0.16. The ex-dividend date of this dividend is Thursday, July 11th. America Movil SAB de CV ADR Series L’s dividend payout ratio is currently 38.75%.

America Movil SAB de CV ADR Series L Profile

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 wireless security services, mobile payment solutions, machine-to-machine services, mobile banking, virtual private network services, and video calls and personal communications services.

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

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