Teachers Retirement System of The State of Kentucky Lowers Position in América Móvil, S.A.B. de C.V. (NYSE:AMX)

Teachers Retirement System of The State of Kentucky lowered its holdings in América Móvil, S.A.B. de C.V. (NYSE:AMX) by 9.0% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 471,900 shares of the Wireless communications provider’s stock after selling 46,400 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in América Móvil were worth $8,806,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Capital International Investors grew its position in shares of América Móvil by 4.4% in the 1st quarter. Capital International Investors now owns 65,339,145 shares of the Wireless communications provider’s stock worth $1,219,228,000 after buying an additional 2,741,127 shares during the last quarter. Lazard Asset Management LLC raised its stake in América Móvil by 9.9% during the first quarter. Lazard Asset Management LLC now owns 12,528,301 shares of the Wireless communications provider’s stock valued at $233,777,000 after buying an additional 1,128,671 shares during the last quarter. Schroder Investment Management Group increased its holdings in shares of América Móvil by 178.8% in the 4th quarter. Schroder Investment Management Group now owns 9,821,322 shares of the Wireless communications provider’s stock worth $181,891,000 after purchasing an additional 6,298,239 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of América Móvil by 3.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 8,528,360 shares of the Wireless communications provider’s stock worth $159,139,000 after purchasing an additional 245,113 shares in the last quarter. Finally, Capital International Inc. CA increased its holdings in shares of América Móvil by 9.5% in the 1st quarter. Capital International Inc. CA now owns 2,986,890 shares of the Wireless communications provider’s stock worth $55,735,000 after purchasing an additional 258,203 shares in the last quarter. 6.30% of the stock is currently owned by institutional investors.

América Móvil Price Performance

Shares of América Móvil stock traded down $0.09 on Friday, hitting $16.41. The company’s stock had a trading volume of 1,407,621 shares, compared to its average volume of 1,465,740. América Móvil, S.A.B. de C.V. has a 1 year low of $15.99 and a 1 year high of $20.64. The firm has a fifty day moving average price of $17.43 and a 200-day moving average price of $18.25. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.63 and a current ratio of 0.68. The company has a market capitalization of $50.62 billion, a price-to-earnings ratio of 15.19, a price-to-earnings-growth ratio of 1.02 and a beta of 0.95.

América Móvil (NYSE:AMX) last posted its quarterly earnings results on Tuesday, July 16th. The Wireless communications provider reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.36). América Móvil had a net margin of 3.98% and a return on equity of 7.73%. The company had revenue of $11.93 billion during the quarter, compared to analysts’ expectations of $12.37 billion. As a group, sell-side analysts anticipate that América Móvil, S.A.B. de C.V. will post 1.37 earnings per share for the current fiscal year.

América Móvil Increases Dividend

The company also recently declared a semi-annual dividend, which was paid on Monday, July 22nd. Shareholders of record on Friday, July 12th were paid a dividend of $0.2608 per share. This represents a yield of 2.1%. This is a boost from América Móvil’s previous semi-annual dividend of $0.18. The ex-dividend date of this dividend was Friday, July 12th. América Móvil’s dividend payout ratio is 25.00%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on AMX shares. The Goldman Sachs Group raised América Móvil from a “neutral” rating to a “buy” rating and boosted their price target for the company from $21.00 to $22.00 in a report on Monday, April 29th. UBS Group dropped their price target on América Móvil from $23.30 to $22.60 and set a “buy” rating for the company in a research note on Thursday, July 18th. StockNews.com lowered América Móvil from a “strong-buy” rating to a “buy” rating in a research note on Thursday. Finally, Scotiabank lowered their price objective on América Móvil from $19.00 to $18.90 and set a “sector perform” rating for the company in a research note on Wednesday, July 17th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $21.65.

América Móvil Profile

América Móvil, SAB. de C.V. provides telecommunications services in Latin America and internationally. 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 data centers, data administration, and hosting services to residential and corporate clients; value-added services, including 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.