Envestnet Portfolio Solutions Inc. Trims Stock Position in América Móvil, S.A.B. de C.V. (NYSE:AMX)

Envestnet Portfolio Solutions Inc. reduced its stake in shares of América Móvil, S.A.B. de C.V. (NYSE:AMX) by 17.9% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,546 shares of the Wireless communications provider’s stock after selling 4,253 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in América Móvil were worth $332,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in AMX. Schroder Investment Management Group increased its position in América Móvil by 178.8% during the 4th quarter. Schroder Investment Management Group now owns 9,821,322 shares of the Wireless communications provider’s stock valued at $181,891,000 after purchasing an additional 6,298,239 shares during the period. Capital International Investors increased its position in América Móvil by 9.9% during the 4th quarter. Capital International Investors now owns 62,598,018 shares of the Wireless communications provider’s stock valued at $1,158,783,000 after purchasing an additional 5,627,860 shares during the period. Oaktree Capital Management LP purchased a new position in América Móvil during the 4th quarter valued at $42,575,000. Lazard Asset Management LLC increased its position in América Móvil by 9.9% during the 1st quarter. Lazard Asset Management LLC now owns 12,528,301 shares of the Wireless communications provider’s stock valued at $233,777,000 after purchasing an additional 1,128,671 shares during the period. Finally, Russell Investments Group Ltd. purchased a new stake in shares of América Móvil in the 4th quarter worth about $20,341,000. 6.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. StockNews.com raised shares of América Móvil from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 9th. UBS Group dropped their price target on shares of América Móvil from $23.30 to $22.60 and set a “buy” rating on the stock in a research note on Thursday, July 18th. Scotiabank dropped their price target on shares of América Móvil from $19.00 to $18.90 and set a “sector perform” rating on the stock in a research note on Wednesday, July 17th. Finally, The Goldman Sachs Group upgraded shares of América Móvil from a “neutral” rating to a “buy” rating and upped their price target for the stock from $21.00 to $22.00 in a research note on Monday, April 29th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $21.39.

América Móvil Price Performance

AMX opened at $16.92 on Friday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.63 and a current ratio of 0.68. The stock has a market capitalization of $52.52 billion, a P/E ratio of 15.66, a P/E/G ratio of 1.02 and a beta of 0.95. The company’s 50-day simple moving average is $17.16 and its two-hundred day simple moving average is $18.13. América Móvil, S.A.B. de C.V. has a 52-week low of $15.55 and a 52-week high of $20.31.

América Móvil (NYSE:AMX) last posted its earnings results on Tuesday, July 16th. The Wireless communications provider reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.36). The company had revenue of $11.93 billion for the quarter, compared to the consensus estimate of $12.37 billion. América Móvil had a net margin of 3.98% and a return on equity of 7.73%. As a group, analysts predict that América Móvil, S.A.B. de C.V. will post 1.37 EPS for the current year.

América Móvil Increases Dividend

The firm also recently declared a semi-annual dividend, which was paid on Monday, July 22nd. Stockholders of record on Friday, July 12th were given a dividend of $0.2608 per share. The ex-dividend date was Friday, July 12th. This represents a dividend yield of 2.1%. This is a positive change from América Móvil’s previous semi-annual dividend of $0.18. América Móvil’s dividend payout ratio is presently 24.07%.

América Móvil Company 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.