Paloma Partners Management Co Boosts Stake in America Movil, S.A.B. de C.V. (NYSE:AMX)

Paloma Partners Management Co raised its position in America Movil, S.A.B. de C.V. (NYSE:AMX) by 58.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,105 shares of the Wireless communications provider’s stock after buying an additional 5,921 shares during the period. Paloma Partners Management Co’s holdings in America Movil, S.A.B. de C.V. were worth $228,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. AQR Capital Management LLC raised 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. Oppenheimer Asset Management Inc. purchased a new position in shares of America Movil, S.A.B. de C.V. during the first quarter valued at about $836,000. United Capital Financial Advisers LLC raised its position in shares of America Movil, S.A.B. de C.V. by 0.6% in the first quarter. United Capital Financial Advisers LLC now owns 283,237 shares of the Wireless communications provider’s stock valued at $4,013,000 after buying an additional 1,596 shares during the period. KCG Holdings Inc. purchased a new position in shares of America Movil, S.A.B. de C.V. during the first quarter valued at about $283,000. Finally, BlackRock Inc. raised 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. 8.13% of the stock is owned by hedge funds and other institutional investors.

Shares of America Movil, S.A.B. de C.V. (NYSE AMX) traded up 1.02% on Friday, reaching $18.80. 1,925,910 shares of the company were exchanged. The company’s 50 day moving average is $17.42 and its 200 day moving average is $15.27. The firm has a market capitalization of $61.81 billion, a PE ratio of 24.10 and a beta of 0.54. 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 company also recently declared 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 of this dividend was Wednesday, June 28th. America Movil, S.A.B. de C.V.’s payout ratio is currently 42.86%.

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AMX has been the topic of several research reports. Credit Suisse Group set a $16.00 price objective on shares of America Movil, S.A.B. de C.V. and gave the company a “hold” rating in a research report on Thursday, June 22nd. 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 objective on the stock in a research report on Monday, April 24th. Zacks Investment Research cut shares of America Movil, S.A.B. de C.V. from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 18th. Barclays PLC reissued a “buy” rating and set a $18.00 price target (up from $17.00) on shares of America Movil, S.A.B. de C.V. in a research report on Friday, July 21st. Finally, Royal Bank Of Canada set a $14.00 price target on shares of America Movil, S.A.B. de C.V. and gave the stock a “sell” rating in a research report on Friday, July 21st. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $15.01.

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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