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

Envestnet Asset Management Inc. boosted its stake in shares of América Móvil, S.A.B. de C.V. (NYSE:AMX - Free Report) by 30.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 972,542 shares of the Wireless communications provider's stock after acquiring an additional 228,856 shares during the quarter. Envestnet Asset Management Inc.'s holdings in América Móvil were worth $16,533,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Oppenheimer Asset Management Inc. raised its position in América Móvil by 6.5% during the second quarter. Oppenheimer Asset Management Inc. now owns 16,707 shares of the Wireless communications provider's stock valued at $284,000 after acquiring an additional 1,025 shares in the last quarter. Wealthspire Advisors LLC raised its position in América Móvil by 16.0% during the second quarter. Wealthspire Advisors LLC now owns 13,656 shares of the Wireless communications provider's stock valued at $232,000 after acquiring an additional 1,880 shares in the last quarter. American Century Companies Inc. grew its holdings in América Móvil by 5.7% in the second quarter. American Century Companies Inc. now owns 886,985 shares of the Wireless communications provider's stock valued at $15,079,000 after purchasing an additional 47,941 shares during the period. Choreo LLC grew its holdings in América Móvil by 24.6% in the second quarter. Choreo LLC now owns 19,387 shares of the Wireless communications provider's stock valued at $332,000 after purchasing an additional 3,823 shares during the period. Finally, Caprock Group LLC acquired a new stake in América Móvil in the second quarter valued at approximately $261,000. 6.30% of the stock is currently owned by hedge funds and other institutional investors.

América Móvil Trading Down 1.2 %

NYSE:AMX traded down $0.20 on Wednesday, reaching $16.13. The company's stock had a trading volume of 1,592,340 shares, compared to its average volume of 1,524,881. América Móvil, S.A.B. de C.V. has a 12-month low of $15.55 and a 12-month high of $20.31. The company has a quick ratio of 0.63, a current ratio of 0.68 and a debt-to-equity ratio of 0.98. The firm has a market cap of $49.76 billion, a price-to-earnings ratio of 14.93, a price-to-earnings-growth ratio of 0.98 and a beta of 0.95. The stock has a 50 day moving average price of $16.78 and a 200 day moving average price of $17.83.

América Móvil (NYSE:AMX - Get Free Report) last posted its earnings results on Tuesday, July 16th. The Wireless communications provider reported ($0.02) EPS for the quarter, missing analysts' consensus estimates of $0.34 by ($0.36). América Móvil had a net margin of 3.98% and a return on equity of 7.73%. The business had revenue of $11.93 billion during the quarter, compared to analysts' expectations of $12.37 billion. On average, equities analysts anticipate that América Móvil, S.A.B. de C.V. will post 1.39 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have commented on AMX shares. UBS Group dropped their price objective on América Móvil from $23.30 to $22.60 and set a "buy" rating on the stock in a report on Thursday, July 18th. StockNews.com assumed coverage on América Móvil in a research note on Tuesday. They issued a "strong-buy" rating on the stock. Finally, Scotiabank lowered their price target 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. One investment analyst has rated the stock with a sell rating, one has given a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $21.23.

About América Móvil

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.