Envestnet Asset Management Inc. increased its position in América Móvil, SAB de CV (NYSE: AMX – Get Rating) by 1.4% in the first quarter, according to its latest 13F filing with the Securities and Exchange Commission. The fund held 584,694 shares of the wireless communications provider after acquiring an additional 7,849 shares during the quarter. Envestnet Asset Management Inc.’s holdings in América Móvil were worth $12,366,000 when it last filed with the Securities and Exchange Commission.
A number of other institutional investors also changed their positions in the company. Capital International Investors increased its stake in América Móvil shares by 3.9% in the 4th quarter. Capital International Investors now owns 66,835,733 shares of the wireless communications provider valued at $1,411,002,000 after acquiring an additional 2,484,842 shares in the last quarter. Northcape Capital Pty Ltd increased its stake in América Móvil shares by 3.3% in the 1st quarter. Northcape Capital Pty Ltd now owns 12,953,545 shares of the wireless communications provider valued at $273,967,000 after acquiring an additional 408,846 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in América Móvil shares by 15.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 6,245,781 shares of the wireless communications provider valued at $131,849,000 after acquiring 826,605 additional shares in the last quarter. Dimensional Fund Advisors LP increased its holdings of América Móvil shares by 2.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,648,469 shares of the wireless communications provider valued at $98,128,000 after acquiring an additional 126,383 shares in the last quarter. Finally, Bank of America Corp DE increased its stake in América Móvil shares by 52.8% in the 4th quarter. Bank of America Corp DE now owns 3,519,779 shares of the wireless communications provider valued at $74,302,000 after acquiring an additional 1,215,720 shares in the last quarter. 6.02% of the shares are currently held by institutional investors.
América Móvil trades down 1.2%
AMX shares opened at $18.12 on Friday. The company has a debt ratio of 0.95, a quick ratio of 0.71 and a current ratio of 0.77. América Móvil, SAB de CV has a 1-year low of $16.33 and a 1-year high of $22.65. The stock has a fifty-day moving average of $19.56 and a two-hundred-day moving average of $19.74. The company has a market capitalization of $58.18 billion, a PE ratio of 6.18, a growth price-earnings ratio of 0.58 and a beta of 0.82.
América Móvil (NYSE:AMX – Get Rating) last reported quarterly earnings data on Tuesday, July 12. The wireless communications provider reported earnings per share of $0.21 for the quarter, missing the consensus estimate of $0.39 per ($0.18). The company posted revenue of $10.86 billion in the quarter, versus analyst estimates of $10.74 billion. América Móvil achieved a net margin of 21.24% and a return on equity of 20.04%. As a group, research analysts expect América Móvil, SAB de CV to post EPS of 1.22 for the current year.
Analyst upgrades and downgrades
A number of research analysts have recently commented on AMX shares. Barclays lowered its price target on América Móvil from $23.00 to $22.00 and set an “overweight” rating for the company in a Thursday July 14 research note. StockNews.com downgraded América Móvil from a “strong buy” rating to a “buy” rating in a Monday, May 2 research rating. Finally, Citigroup upgraded América Móvil from a “neutral” rating to a “buy” rating and set a price target of $23.00 for the company in a research note on Thursday. Four analysts gave the stock a hold rating and three gave the stock a buy rating. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $20.80.
America Movil Profile
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America Movil, SAB. de CV provides telecommunications services in Latin America and internationally. The company offers fixed and wireless voice services, including local, national and international long distance services; and network interconnection services. It also provides data services, such as data centers, data administration and hosting services to residential and business customers; value-added services, including Internet access, messaging and other wireless entertainment and business services; data transmission, electronic mail services, instant messaging, content distribution and interactive applications; and wireless security services, mobile payment solutions, machine-to-machine services, mobile banking, virtual private network services, and video calling and personal communications services.
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