Hantz Financial Services Inc. Buys 2,177 Shares of América Móvil, S.A.B. de C.V. (NYSE:AMX)

Hantz Financial Services Inc. grew its stake in shares of América Móvil, S.A.B. de C.V. (NYSE:AMX) by 3.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 73,650 shares of the Wireless communications provider’s stock after purchasing an additional 2,177 shares during the period. Hantz Financial Services Inc.’s holdings in América Móvil were worth $1,205,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. FORA Capital LLC purchased a new stake in América Móvil in the third quarter worth about $519,000. FMR LLC raised its position in shares of América Móvil by 125.6% in the 3rd quarter. FMR LLC now owns 65,590 shares of the Wireless communications provider’s stock worth $1,073,000 after acquiring an additional 36,520 shares in the last quarter. Citigroup Inc. raised its position in shares of América Móvil by 32.5% in the 3rd quarter. Citigroup Inc. now owns 221,008 shares of the Wireless communications provider’s stock worth $3,616,000 after acquiring an additional 54,245 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of América Móvil by 76.0% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 736,107 shares of the Wireless communications provider’s stock valued at $12,043,000 after purchasing an additional 317,800 shares during the period. Finally, Oppenheimer Asset Management Inc. boosted its position in shares of América Móvil by 26.4% during the third quarter. Oppenheimer Asset Management Inc. now owns 21,124 shares of the Wireless communications provider’s stock valued at $346,000 after purchasing an additional 4,417 shares in the last quarter. Institutional investors own 6.30% of the company’s stock.

América Móvil Trading Up 0.8 %

NYSE:AMX opened at $14.83 on Monday. The stock has a market cap of $45.53 billion, a price-to-earnings ratio of 22.13, a PEG ratio of 1.07 and a beta of 0.95. The company has a quick ratio of 0.67, a current ratio of 0.72 and a debt-to-equity ratio of 0.90. The company’s 50 day moving average price is $15.89 and its 200-day moving average price is $16.82. América Móvil, S.A.B. de C.V. has a 52 week low of $14.59 and a 52 week high of $20.31.

América Móvil (NYSE:AMX) last issued its earnings results on Tuesday, October 15th. The Wireless communications provider reported $0.11 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.30). América Móvil had a net margin of 4.45% and a return on equity of 8.61%. The business had revenue of $11.82 billion for the quarter, compared to analysts’ expectations of $11.97 billion. On average, equities research analysts forecast that América Móvil, S.A.B. de C.V. will post 1.17 earnings per share for the current fiscal year.

América Móvil Increases Dividend

The firm also recently announced a semi-annual dividend, which was paid on Monday, November 18th. Shareholders of record on Friday, November 8th were given a $0.245 dividend. This is a positive change from América Móvil’s previous semi-annual dividend of $0.18. The ex-dividend date was Friday, November 8th. This represents a yield of 2%. América Móvil’s payout ratio is 35.82%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on AMX shares. Scotiabank lowered their price objective on América Móvil from $17.80 to $17.30 and set a “sector perform” rating for the company in a research report on Wednesday, October 16th. StockNews.com initiated coverage on shares of América Móvil in a research note on Friday, November 22nd. They issued a “buy” rating for the company. Finally, The Goldman Sachs Group dropped their price objective on shares of América Móvil from $20.80 to $17.80 and set a “buy” rating on the stock in a research note on Friday, November 15th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $19.48.

América Móvil 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.