America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) Shares Sold by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC decreased its position in shares of America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) by 15.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 26,098 shares of the Wireless communications provider’s stock after selling 4,702 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in America Movil were worth $371,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in AMX. Bank of America Corp DE increased its position in America Movil by 278.8% during the fourth quarter. Bank of America Corp DE now owns 10,216,018 shares of the Wireless communications provider’s stock worth $146,191,000 after buying an additional 7,519,147 shares during the period. Lazard Asset Management LLC increased its holdings in shares of America Movil by 12.6% in the fourth quarter. Lazard Asset Management LLC now owns 14,089,624 shares of the Wireless communications provider’s stock valued at $201,621,000 after purchasing an additional 1,571,290 shares during the period. BNP Paribas Financial Markets acquired a new position in shares of America Movil in the fourth quarter valued at approximately $16,791,000. Wellington Management Group LLP acquired a new position in shares of America Movil in the fourth quarter valued at approximately $15,149,000. Finally, Russell Investments Group Ltd. increased its holdings in shares of America Movil by 373.5% in the fourth quarter. Russell Investments Group Ltd. now owns 809,021 shares of the Wireless communications provider’s stock valued at $11,577,000 after purchasing an additional 638,159 shares during the period. Institutional investors and hedge funds own 6.30% of the company’s stock.

America Movil Stock Up 1.7%

America Movil stock opened at $18.39 on Monday. The stock’s 50 day moving average price is $17.31 and its 200 day moving average price is $15.47. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.71 and a quick ratio of 0.66. The company has a market cap of $55.81 billion, a PE ratio of 34.06, a price-to-earnings-growth ratio of 1.14 and a beta of 0.79. America Movil, S.A.B. de C.V. Unsponsored ADR has a 1-year low of $13.10 and a 1-year high of $18.73.

America Movil (NYSE:AMX) last posted its earnings results on Wednesday, April 30th. The Wireless communications provider reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.02). The firm had revenue of $11.36 billion during the quarter, compared to analyst estimates of $11.28 billion. America Movil had a net margin of 3.55% and a return on equity of 7.19%. On average, sell-side 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 company also recently announced a semi-annual dividend, which will be paid on Monday, July 21st. Shareholders of record on Friday, July 11th will be issued a $0.2732 dividend. This is a positive change from America Movil’s previous semi-annual dividend of $0.24. The ex-dividend date is Friday, July 11th. This represents a yield of 3%. America Movil’s dividend payout ratio is 44.44%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on AMX shares. HSBC raised America Movil from a “hold” rating to a “buy” rating and boosted their target price for the company from $15.50 to $17.50 in a report on Monday, April 14th. Hsbc Global Res raised America Movil from a “hold” rating to a “strong-buy” rating in a report on Monday, April 14th. Wall Street Zen lowered America Movil from a “buy” rating to a “hold” rating in a report on Saturday, June 14th. Finally, UBS Group set a $19.60 target price on America Movil in a report on Wednesday, May 21st. One research analyst has rated the stock with a sell rating, three have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, America Movil has a consensus rating of “Hold” and an average price target of $16.62.

America Movil 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.