Schechter Investment Advisors LLC Raises Position in America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX)

Schechter Investment Advisors LLC boosted its holdings in shares of America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX - Free Report) by 75.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 37,449 shares of the Wireless communications provider's stock after purchasing an additional 16,110 shares during the period. Schechter Investment Advisors LLC's holdings in America Movil were worth $533,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of AMX. Brighton Jones LLC purchased a new position in America Movil in the 4th quarter worth approximately $154,000. Raymond James Financial Inc. bought a new stake in shares of America Movil during the 4th quarter valued at $1,386,000. Farther Finance Advisors LLC grew its position in shares of America Movil by 82.5% during the 4th quarter. Farther Finance Advisors LLC now owns 3,128 shares of the Wireless communications provider's stock valued at $45,000 after acquiring an additional 1,414 shares during the period. Commonwealth Equity Services LLC grew its position in shares of America Movil by 3.3% during the 4th quarter. Commonwealth Equity Services LLC now owns 118,588 shares of the Wireless communications provider's stock valued at $1,697,000 after acquiring an additional 3,839 shares during the period. Finally, Axxcess Wealth Management LLC grew its position in shares of America Movil by 135.1% during the 4th quarter. Axxcess Wealth Management LLC now owns 30,515 shares of the Wireless communications provider's stock valued at $437,000 after acquiring an additional 17,535 shares during the period. Hedge funds and other institutional investors own 6.30% of the company's stock.

Analysts Set New Price Targets

AMX has been the subject of a number of recent research reports. Wall Street Zen raised shares of America Movil from a "hold" rating to a "buy" rating in a research report on Saturday, July 12th. HSBC upgraded shares of America Movil from a "hold" rating to a "buy" rating and upped their target price for the company from $15.50 to $17.50 in a research report on Monday, April 14th. UBS Group upped their target price on shares of America Movil from $19.60 to $20.40 and gave the company a "neutral" rating in a research report on Wednesday, July 9th. Finally, Hsbc Global Res upgraded shares of America Movil from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 14th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $16.78.

America Movil Stock Down 0.9%

Shares of NYSE AMX traded down $0.16 during midday trading on Friday, reaching $17.20. 652,291 shares of the company's stock traded hands, compared to its average volume of 1,976,962. The company has a quick ratio of 0.66, a current ratio of 0.71 and a debt-to-equity ratio of 1.05. The stock's 50 day simple moving average is $17.39 and its 200-day simple moving average is $15.66. America Movil, S.A.B. de C.V. Unsponsored ADR has a one year low of $13.10 and a one year high of $18.25. The company has a market cap of $52.21 billion, a price-to-earnings ratio of 31.86, a P/E/G ratio of 1.07 and a beta of 0.79.

America Movil (NYSE:AMX - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The Wireless communications provider reported $0.30 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.02). America Movil had a return on equity of 7.19% and a net margin of 3.55%. The company had revenue of $11.36 billion for the quarter, compared to analyst estimates of $11.28 billion. On average, analysts predict that America Movil, S.A.B. de C.V. Unsponsored ADR will post 1.51 EPS for the current fiscal year.

America Movil Increases Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Monday, July 21st. Investors of record on Friday, July 11th will be paid a dividend of $0.2732 per share. This represents a yield of 3%. The ex-dividend date of this dividend is Friday, July 11th. This is a boost from America Movil's previous semi-annual dividend of $0.24. America Movil's dividend payout ratio is currently 94.44%.

About America Movil

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 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.