71,473 Shares in América Móvil, S.A.B. de C.V. (NYSE:AMX) Purchased by Hantz Financial Services Inc.

Hantz Financial Services Inc. purchased a new position in América Móvil, S.A.B. de C.V. (NYSE:AMX) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 71,473 shares of the Wireless communications provider’s stock, valued at approximately $1,215,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Envestnet Portfolio Solutions Inc. grew its stake in América Móvil by 2.8% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 21,622 shares of the Wireless communications provider’s stock valued at $400,000 after acquiring an additional 587 shares in the last quarter. Bleakley Financial Group LLC grew its stake in América Móvil by 1.5% during the 1st quarter. Bleakley Financial Group LLC now owns 58,918 shares of the Wireless communications provider’s stock valued at $1,099,000 after acquiring an additional 864 shares in the last quarter. Sound Income Strategies LLC grew its stake in América Móvil by 43.5% during the 1st quarter. Sound Income Strategies LLC now owns 3,466 shares of the Wireless communications provider’s stock valued at $65,000 after acquiring an additional 1,051 shares in the last quarter. Vestmark Advisory Solutions Inc. grew its stake in América Móvil by 7.2% during the 4th quarter. Vestmark Advisory Solutions Inc. now owns 16,797 shares of the Wireless communications provider’s stock valued at $311,000 after acquiring an additional 1,133 shares in the last quarter. Finally, Commonwealth Equity Services LLC grew its stake in América Móvil by 1.2% during the 1st quarter. Commonwealth Equity Services LLC now owns 117,906 shares of the Wireless communications provider’s stock valued at $2,200,000 after acquiring an additional 1,377 shares in the last quarter. Hedge funds and other institutional investors own 6.30% of the company’s stock.

América Móvil Stock Up 0.3 %

Shares of América Móvil stock opened at $16.56 on Friday. The stock has a 50-day simple moving average of $17.16 and a 200-day simple moving average of $18.10. América Móvil, S.A.B. de C.V. has a 52-week low of $15.55 and a 52-week high of $20.31. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.68 and a quick ratio of 0.63. The firm has a market cap of $51.42 billion, a price-to-earnings ratio of 15.33, a P/E/G ratio of 1.02 and a beta of 0.95.

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

América Móvil Increases Dividend

The business also recently announced a semi-annual dividend, which was paid on Monday, July 22nd. Investors of record on Friday, July 12th were issued a $0.2608 dividend. This is a positive change from América Móvil’s previous semi-annual dividend of $0.18. This represents a yield of 2.1%. The ex-dividend date of this dividend was Friday, July 12th. América Móvil’s payout ratio is 24.07%.

Analyst Upgrades and Downgrades

AMX has been the topic of several research analyst reports. Scotiabank lowered their target price on 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. UBS Group reduced their price target on América Móvil from $23.30 to $22.60 and set a “buy” rating for the company in a report on Thursday, July 18th. Finally, StockNews.com upgraded América Móvil from a “buy” rating to a “strong-buy” rating in a report on Friday, August 9th. One research analyst has rated the stock with a sell rating, one has given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, América Móvil currently has an average rating of “Moderate Buy” and an average target price of $21.39.

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.