Envestnet Asset Management Inc. Has $10.01 Million Holdings in America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX)

Envestnet Asset Management Inc. raised its holdings in shares of America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX - Free Report) by 18.4% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm 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 filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Transce3nd LLC acquired a new position in America Movil during the 4th quarter valued at about $26,000. Lee Danner & Bass Inc. acquired a new position in America Movil during the 4th quarter valued at about $29,000. Parvin Asset Management LLC acquired a new position in America Movil during the 4th quarter valued at about $39,000. Garde Capital Inc. acquired a new position in America Movil during the 1st quarter valued at about $40,000. Finally, Farther Finance Advisors LLC lifted its position in 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 purchasing an additional 1,414 shares during the period. 6.30% of the stock is currently owned by institutional investors and hedge funds.

America Movil Stock Performance

Shares of NYSE:AMX opened at $17.08 on Monday. The company has a market capitalization of $51.84 billion, a price-to-earnings ratio of 31.63, a P/E/G ratio of 1.05 and a beta of 0.79. The firm's 50 day simple moving average is $17.39 and its 200 day simple moving average is $15.70. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.71 and a quick ratio of 0.66. America Movil, S.A.B. de C.V. Unsponsored ADR has a fifty-two week low of $13.10 and a fifty-two week high of $18.25.

America Movil (NYSE:AMX - Get Free Report) last posted its earnings results on Wednesday, April 30th. The Wireless communications provider reported $0.30 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.32 by ($0.02). America Movil had a return on equity of 7.19% and a net margin of 3.55%. The business had revenue of $11.36 billion for the quarter, compared to the consensus estimate of $11.28 billion. As a group, sell-side analysts forecast 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 announced 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%. This is a boost from America Movil's previous semi-annual dividend of $0.24. The ex-dividend date of this dividend is Friday, July 11th. America Movil's dividend payout ratio is presently 94.44%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on AMX. Wall Street Zen upgraded shares of America Movil from a "hold" rating to a "buy" rating in a research report on Saturday, July 12th. UBS Group increased their price target 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. HSBC upgraded shares of America Movil from a "hold" rating to a "buy" rating and increased their price target for the company from $15.50 to $17.50 in a research report on Monday, April 14th. 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 issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $16.78.

America Movil Profile

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.

Want to see what other hedge funds are holding AMX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.