Hantz Financial Services Inc. Increases Holdings in America Movil, S.A.B. de C.V. Unsponsored ADR $AMX

Hantz Financial Services Inc. increased its holdings in shares of America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) by 20.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 106,187 shares of the Wireless communications provider’s stock after purchasing an additional 18,116 shares during the period. Hantz Financial Services Inc.’s holdings in America Movil were worth $1,905,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in AMX. Millennium Management LLC boosted its position in America Movil by 279.3% during the 1st quarter. Millennium Management LLC now owns 1,447,032 shares of the Wireless communications provider’s stock worth $20,577,000 after purchasing an additional 1,065,538 shares during the period. Teacher Retirement System of Texas boosted its position in America Movil by 93.0% during the 1st quarter. Teacher Retirement System of Texas now owns 1,585,100 shares of the Wireless communications provider’s stock worth $22,540,000 after purchasing an additional 764,000 shares during the period. Northern Trust Corp boosted its position in America Movil by 23.6% during the 1st quarter. Northern Trust Corp now owns 1,290,960 shares of the Wireless communications provider’s stock worth $18,357,000 after purchasing an additional 246,357 shares during the period. IFC Advisors LLC acquired a new position in America Movil in the 1st quarter worth $3,283,000. Finally, Wellington Management Group LLP lifted its holdings in America Movil by 21.6% in the 1st quarter. Wellington Management Group LLP now owns 1,287,526 shares of the Wireless communications provider’s stock worth $18,309,000 after buying an additional 228,908 shares in the last quarter. 6.30% of the stock is owned by hedge funds and other institutional investors.

America Movil Stock Performance

Shares of America Movil stock opened at $22.81 on Friday. The firm has a market cap of $68.88 billion, a PE ratio of 18.54 and a beta of 0.88. The firm’s 50-day simple moving average is $20.99 and its 200-day simple moving average is $18.75. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.76 and a current ratio of 0.81. America Movil, S.A.B. de C.V. Unsponsored ADR has a 1 year low of $13.10 and a 1 year high of $23.61.

America Movil (NYSE:AMX) last issued its earnings results on Wednesday, October 15th. The Wireless communications provider reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.04. The business had revenue of $12.71 billion for the quarter, compared to analyst estimates of $235.15 billion. America Movil had a net margin of 7.87% and a return on equity of 16.59%. Equities analysts forecast that America Movil, S.A.B. de C.V. Unsponsored ADR will post 1.51 earnings per share for the current fiscal year.

America Movil Dividend Announcement

The firm also recently disclosed a special dividend, which will be paid on Monday, November 17th. Investors of record on Friday, November 7th will be given a dividend of $0.2811 per share. The ex-dividend date of this dividend is Friday, November 7th. America Movil’s dividend payout ratio is currently 64.23%.

Analyst Upgrades and Downgrades

AMX has been the topic of a number of recent analyst reports. The Goldman Sachs Group set a $24.30 price objective on shares of America Movil and gave the stock a “buy” rating in a report on Wednesday, October 22nd. UBS Group boosted their price objective on shares of America Movil from $21.10 to $23.60 and gave the stock a “neutral” rating in a report on Thursday, October 16th. Zacks Research upgraded shares of America Movil from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 22nd. Citigroup lowered shares of America Movil from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $20.00 to $22.00 in a report on Wednesday, September 10th. Finally, Wall Street Zen upgraded shares of America Movil from a “hold” rating to a “buy” rating in a report on Saturday, July 12th. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $21.73.

About America Movil

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.