Envestnet Asset Management Inc. Acquires 109,298 Shares of America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX)

Envestnet Asset Management Inc. boosted its holdings in shares of America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX - Free Report) by 18.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 703,569 shares of the Wireless communications provider's stock after purchasing an additional 109,298 shares during the period. Envestnet Asset Management Inc.'s holdings in America Movil were worth $10,005,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Cambridge Investment Research Advisors Inc. increased its position in America Movil by 41.4% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 21,376 shares of the Wireless communications provider's stock worth $304,000 after purchasing an additional 6,263 shares during the period. Sequoia Financial Advisors LLC boosted its stake in shares of America Movil by 38.4% in the 1st quarter. Sequoia Financial Advisors LLC now owns 14,978 shares of the Wireless communications provider's stock valued at $213,000 after purchasing an additional 4,154 shares during the last quarter. Farther Finance Advisors LLC grew its position in shares of America Movil by 21.9% during the 1st quarter. Farther Finance Advisors LLC now owns 3,813 shares of the Wireless communications provider's stock worth $55,000 after buying an additional 685 shares during the period. GAMMA Investing LLC raised its stake in shares of America Movil by 3,713.1% during the first quarter. GAMMA Investing LLC now owns 14,604 shares of the Wireless communications provider's stock worth $208,000 after buying an additional 14,221 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. raised its stake in shares of America Movil by 109.2% during the first quarter. Oppenheimer Asset Management Inc. now owns 26,901 shares of the Wireless communications provider's stock worth $383,000 after buying an additional 14,044 shares during the last quarter. Institutional investors own 6.30% of the company's stock.

America Movil Price Performance

NYSE:AMX traded up $0.43 on Thursday, hitting $18.35. The company had a trading volume of 2,516,410 shares, compared to its average volume of 1,513,203. The company has a current ratio of 0.71, a quick ratio of 0.66 and a debt-to-equity ratio of 1.05. America Movil, S.A.B. de C.V. Unsponsored ADR has a 52 week low of $13.10 and a 52 week high of $18.37. The stock has a market capitalization of $55.68 billion, a price-to-earnings ratio of 19.52, a PEG ratio of 1.09 and a beta of 0.79. The firm has a 50 day moving average of $17.42 and a two-hundred day moving average of $15.78.

America Movil (NYSE:AMX - Get Free Report) last announced its earnings results on Wednesday, April 30th. The Wireless communications provider reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.02). America Movil had a return on equity of 12.60% and a net margin of 6.11%. The company had revenue of $11.36 billion for the quarter, compared to the consensus estimate of $11.28 billion. On average, research analysts anticipate that America Movil, S.A.B. de C.V. Unsponsored ADR will post 1.51 earnings per share for the current year.

America Movil Increases Dividend

The firm also recently declared a semi-annual dividend, which was paid on Monday, July 21st. Shareholders of record on Friday, July 11th were paid a $0.2732 dividend. The ex-dividend date was Friday, July 11th. This is a positive change from America Movil's previous semi-annual dividend of $0.24. This represents a yield of 3%. America Movil's payout ratio is 94.44%.

Analysts Set New Price Targets

Several research firms recently weighed in on AMX. Hsbc Global Res raised shares of America Movil from a "hold" rating to a "strong-buy" rating in a research note on Monday, April 14th. HSBC raised shares of America Movil from a "hold" rating to a "buy" rating and boosted their price target for the company from $15.50 to $17.50 in a report on Monday, April 14th. Wall Street Zen raised America Movil from a "hold" rating to a "buy" rating in a research note on Saturday, July 12th. Finally, UBS Group boosted their target price on America Movil from $19.60 to $20.40 and gave the company a "neutral" rating in a research note on Wednesday, July 9th. One analyst has rated the stock with a sell rating, two have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $16.78.

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.