Crossmark Global Holdings Inc. Increases Holdings in America Movil SAB de CV ADR Series L (AMX)

Crossmark Global Holdings Inc. raised its stake in America Movil SAB de CV ADR Series L (NYSE:AMX) by 9.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 143,320 shares of the Wireless communications provider’s stock after buying an additional 12,890 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in America Movil SAB de CV ADR Series L were worth $2,302,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Comerica Bank lifted its stake in America Movil SAB de CV ADR Series L by 5.8% in the third quarter. Comerica Bank now owns 129,868 shares of the Wireless communications provider’s stock valued at $1,890,000 after buying an additional 7,121 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in America Movil SAB de CV ADR Series L by 7.3% in the second quarter. Bank of New York Mellon Corp now owns 122,064 shares of the Wireless communications provider’s stock valued at $2,034,000 after buying an additional 8,301 shares in the last quarter. Signature Financial Management Inc. bought a new position in America Movil SAB de CV ADR Series L in the second quarter valued at approximately $167,000. Alpha Cubed Investments LLC lifted its stake in America Movil SAB de CV ADR Series L by 33.4% in the third quarter. Alpha Cubed Investments LLC now owns 44,375 shares of the Wireless communications provider’s stock valued at $657,000 after buying an additional 11,100 shares in the last quarter. Finally, Aperio Group LLC lifted its stake in America Movil SAB de CV ADR Series L by 4.9% in the third quarter. Aperio Group LLC now owns 286,986 shares of the Wireless communications provider’s stock valued at $4,609,000 after buying an additional 13,337 shares in the last quarter. 7.74% of the stock is currently owned by hedge funds and other institutional investors.

Shares of AMX stock opened at $13.09 on Friday. The company has a debt-to-equity ratio of 2.94, a quick ratio of 0.68 and a current ratio of 0.78. The firm has a market capitalization of $43.97 billion, a PE ratio of 30.25, a price-to-earnings-growth ratio of 0.85 and a beta of 0.55. America Movil SAB de CV ADR Series L has a 12 month low of $13.08 and a 12 month high of $19.91.

America Movil SAB de CV ADR Series L (NYSE:AMX) last announced its quarterly earnings data on Tuesday, October 16th. The Wireless communications provider reported $0.30 EPS for the quarter, missing the Zacks’ consensus estimate of $0.33 by ($0.03). The business had revenue of $13.15 billion during the quarter, compared to the consensus estimate of $12.94 billion. America Movil SAB de CV ADR Series L had a return on equity of 12.80% and a net margin of 2.57%. Analysts anticipate that America Movil SAB de CV ADR Series L will post 0.82 earnings per share for the current fiscal year.

The firm also recently disclosed a dividend, which was paid on Friday, November 9th. Stockholders of record on Friday, November 9th were given a $0.161 dividend. The ex-dividend date of this dividend was Thursday, November 8th. America Movil SAB de CV ADR Series L’s dividend payout ratio is presently 45.59%.

A number of research analysts have weighed in on the stock. ValuEngine raised shares of America Movil SAB de CV ADR Series L from a “sell” rating to a “hold” rating in a research note on Tuesday, October 9th. TheStreet raised shares of America Movil SAB de CV ADR Series L from a “c” rating to a “b-” rating in a research report on Monday, October 22nd. UBS Group raised shares of America Movil SAB de CV ADR Series L from a “market perform” rating to an “outperform” rating in a research report on Friday, November 9th. Zacks Investment Research raised shares of America Movil SAB de CV ADR Series L from a “strong sell” rating to a “hold” rating in a research report on Friday, October 12th. Finally, Royal Bank of Canada reissued a “sell” rating and issued a $16.00 price objective on shares of America Movil SAB de CV ADR Series L in a research report on Tuesday, July 31st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the stock. America Movil SAB de CV ADR Series L presently has a consensus rating of “Buy” and a consensus target price of $20.29.

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About America Movil SAB de CV ADR Series L

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 data center, data administration, and hosting services to residential and corporate clients, as well as residential broadband services.

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

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