Trade Report: Today, Amer Movil (AMX) Stake Increased by Assetmark Inc.

Today, Amer Movil (AMX) Stake Increased by Assetmark Inc.

Assetmark Inc. boosted its stake in Amer Movil (NYSE:AMX) by 102,500.0% during the third quarter, according to its most recent disclosure with the SEC. The firm owned 188,784 shares of the company’s stock after buying an additional 188,600 shares during the period. Assetmark Inc.’s holdings in Amer Movil were worth $2,160,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Johnson Investment Counsel Inc. raised its stake in shares of Amer Movil by 1.3% in the second quarter. Johnson Investment Counsel Inc. now owns 12,500 shares of the company’s stock worth $153,000 after buying an additional 160 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. raised its stake in shares of Amer Movil by 0.4% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 81,469 shares of the company’s stock worth $1,276,000 after buying an additional 362 shares in the last quarter. Private Advisor Group LLC raised its stake in shares of Amer Movil by 3.2% in the second quarter. Private Advisor Group LLC now owns 22,874 shares of the company’s stock worth $276,000 after buying an additional 700 shares in the last quarter. Creative Planning raised its stake in shares of Amer Movil by 1.3% in the second quarter. Creative Planning now owns 54,727 shares of the company’s stock worth $671,000 after buying an additional 716 shares in the last quarter. Finally, Commonwealth Equity Services Inc raised its stake in shares of Amer Movil by 0.7% in the second quarter. Commonwealth Equity Services Inc now owns 110,359 shares of the company’s stock worth $1,353,000 after buying an additional 794 shares in the last quarter. Hedge funds and other institutional investors own 6.98% of the company’s stock.

Shares of Amer Movil (NYSE:AMX) opened at 11.74 on Friday. The company has a 50 day moving average of $12.00 and a 200 day moving average of $12.05. Amer Movil has a 12 month low of $11.02 and a 12 month high of $16.62. The stock has a market cap of $38.45 billion, a P/E ratio of 26.68 and a beta of 0.76.

The company also recently announced a dividend, which was paid on Monday, October 31st. Investors of record on Monday, October 31st were given a dividend of $0.151 per share. The ex-dividend date was Thursday, October 27th. Amer Movil’s dividend payout ratio (DPR) is currently 55.77%.

A number of analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Amer Movil from a “sell” rating to a “hold” rating in a research note on Tuesday. Bank of America Corp. raised shares of Amer Movil from a “neutral” rating to a “buy” rating and upped their price target for the stock from $13.00 to $13.50 in a research note on Tuesday. Credit Suisse Group AG reaffirmed a “neutral” rating and issued a $12.00 price target (up from $10.50) on shares of Amer Movil in a research note on Friday, October 28th. Finally, Citigroup Inc. raised shares of Amer Movil from a “sell” rating to a “neutral” rating and upped their price target for the stock from $10.50 to $12.00 in a research note on Friday, October 28th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $13.08.

About Amer Movil

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.

Related posts

Leave a Comment