America Movil, S.A.B. de C.V. (NYSE:AMX) Stake Raised by AQR Capital Management LLC

AQR Capital Management LLC increased its stake in America Movil, S.A.B. de C.V. (NYSE:AMX) by 61.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,007,189 shares of the Wireless communications provider’s stock after buying an additional 1,528,441 shares during the period. AQR Capital Management LLC owned about 0.12% of America Movil, S.A.B. de C.V. worth $56,782,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. bought a new position in America Movil, S.A.B. de C.V. during the first quarter valued at approximately $143,000. Dodge & Cox bought a new position in America Movil, S.A.B. de C.V. during the fourth quarter valued at approximately $3,463,000. Comerica Bank increased its position in America Movil, S.A.B. de C.V. by 18.2% in the fourth quarter. Comerica Bank now owns 126,743 shares of the Wireless communications provider’s stock valued at $1,593,000 after buying an additional 19,504 shares during the period. Macquarie Group Ltd. increased its position in America Movil, S.A.B. de C.V. by 12.1% in the fourth quarter. Macquarie Group Ltd. now owns 2,935,306 shares of the Wireless communications provider’s stock valued at $36,893,000 after buying an additional 317,176 shares during the period. Finally, Conservest Capital Advisors Inc. bought a new position in America Movil, S.A.B. de C.V. during the first quarter valued at approximately $190,000. 8.26% of the stock is currently owned by hedge funds and other institutional investors.

America Movil, S.A.B. de C.V. (AMX) opened at 17.16 on Wednesday. America Movil, S.A.B. de C.V. has a 52-week low of $11.02 and a 52-week high of $17.28. The company has a market cap of $56.45 billion, a PE ratio of 26.00 and a beta of 0.52. The firm’s 50-day moving average is $15.97 and its 200-day moving average is $14.09.

The business also recently declared a dividend, which was paid on Friday, June 30th. Stockholders of record on Friday, June 30th were issued a dividend of $0.167 per share. The ex-dividend date of this dividend was Wednesday, June 28th. This is a positive change from America Movil, S.A.B. de C.V.’s previous dividend of $0.15. America Movil, S.A.B. de C.V.’s payout ratio is currently 75.00%.

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Several equities analysts have recently commented on AMX shares. Barclays PLC raised shares of America Movil, S.A.B. de C.V. from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $14.00 to $17.00 in a report on Monday, April 10th. Credit Suisse Group reaffirmed a “hold” rating and set a $16.00 price target on shares of America Movil, S.A.B. de C.V. in a research note on Wednesday, April 26th. Deutsche Bank AG raised shares of America Movil, S.A.B. de C.V. from a “sell” rating to a “hold” rating and set a $10.00 price target on the stock in a research note on Monday, April 24th. Royal Bank Of Canada set a $12.00 price target 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. Finally, J P Morgan Chase & Co reaffirmed an “underweight” rating and set a $13.00 price target (up previously from $11.00) on shares of America Movil, S.A.B. de C.V. in a research note on Monday, June 5th. Four investment analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $13.45.

America Movil, S.A.B. de C.V. Company Profile

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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