Envestnet Asset Management Inc. Grows Stock Position in América Móvil, S.A.B. de C.V. (NYSE:AMX)

Envestnet Asset Management Inc. increased its stake in América Móvil, S.A.B. de C.V. (NYSE:AMX) by 30.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 972,542 shares of the Wireless communications provider’s stock after buying an additional 228,856 shares during the quarter. Envestnet Asset Management Inc.’s holdings in América Móvil were worth $16,533,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. US Bancorp DE lifted its holdings in shares of América Móvil by 3.1% in the 4th quarter. US Bancorp DE now owns 240,546 shares of the Wireless communications provider’s stock worth $4,455,000 after acquiring an additional 7,133 shares during the last quarter. Capital International Investors raised its position in América Móvil by 9.9% in the 4th quarter. Capital International Investors now owns 62,598,018 shares of the Wireless communications provider’s stock worth $1,158,783,000 after purchasing an additional 5,627,860 shares during the period. Capital International Ltd. CA lifted its stake in América Móvil by 7.6% in the fourth quarter. Capital International Ltd. CA now owns 579,276 shares of the Wireless communications provider’s stock worth $10,728,000 after purchasing an additional 40,823 shares during the last quarter. Capital International Sarl boosted its position in shares of América Móvil by 13.5% during the fourth quarter. Capital International Sarl now owns 1,128,480 shares of the Wireless communications provider’s stock valued at $20,899,000 after buying an additional 134,047 shares during the period. Finally, Oaktree Capital Management LP bought a new position in shares of América Móvil during the fourth quarter valued at approximately $42,575,000. 6.30% of the stock is owned by hedge funds and other institutional investors.

América Móvil Price Performance

Shares of AMX opened at $16.33 on Wednesday. The company has a 50 day moving average of $16.78 and a two-hundred day moving average of $17.83. The company has a market cap of $50.70 billion, a price-to-earnings ratio of 15.12, a price-to-earnings-growth ratio of 0.98 and a beta of 0.95. The company has a quick ratio of 0.63, a current ratio of 0.68 and a debt-to-equity ratio of 0.98. América Móvil, S.A.B. de C.V. has a twelve month low of $15.55 and a twelve month high of $20.31.

América Móvil (NYSE:AMX) last announced its quarterly earnings data on Tuesday, July 16th. The Wireless communications provider reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.34 by ($0.36). América Móvil had a net margin of 3.98% and a return on equity of 7.73%. The company had revenue of $11.93 billion during the quarter, compared to analysts’ expectations of $12.37 billion. As a group, analysts predict that América Móvil, S.A.B. de C.V. will post 1.39 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on AMX. Scotiabank reduced their target price on América Móvil from $18.90 to $17.80 and set a “sector perform” rating on the stock in a research note on Friday, September 20th. StockNews.com started coverage on shares of América Móvil in a research report on Tuesday. They issued a “strong-buy” rating for the company. Finally, UBS Group reduced their target price on shares of América Móvil from $23.30 to $22.60 and set a “buy” rating on the stock in a research report on Thursday, July 18th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $21.23.

América Móvil 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.