IPG Investment Advisors LLC Takes Position in America Movil, S.A.B. de C.V. (NYSE:AMX)

IPG Investment Advisors LLC bought a new stake in shares of America Movil, S.A.B. de C.V. (NYSE:AMX) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 18,199 shares of the Wireless communications provider’s stock, valued at approximately $290,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. BlackRock Inc. increased its position 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 during the period. Wellington Management Group LLP increased its position 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 during the period. Acadian Asset Management LLC purchased a new position in shares of America Movil, S.A.B. de C.V. during the second quarter valued at $69,655,000. Lazard Asset Management LLC increased its position 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 during the period. Finally, AQR Capital Management LLC increased its position 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 during the period. Institutional investors and hedge funds own 8.13% of the company’s stock.

America Movil, S.A.B. de C.V. (AMX) traded up 1.02% on Friday, reaching $18.80. 1,925,910 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $17.42 and a 200 day moving average of $15.27. America Movil, S.A.B. de C.V. has a 12 month low of $11.02 and a 12 month high of $18.90. The stock has a market capitalization of $61.81 billion, a PE ratio of 24.10 and a beta of 0.54.

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

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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 research note 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 research note 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 research note on Wednesday, May 3rd. Credit Suisse Group reiterated a “hold” rating and set a $16.00 price objective on shares of America Movil, S.A.B. de C.V. in a research note on Wednesday, April 26th. Finally, J P Morgan Chase & Co reiterated an “underweight” rating and set a $13.00 price objective (up from $11.00) on shares of America Movil, S.A.B. de C.V. in a research note on Monday, June 5th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $15.01.

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.

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

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