Y Intercept Hong Kong Ltd Sells 59,584 Shares of América Móvil, S.A.B. de C.V. (NYSE:AMX)

Y Intercept Hong Kong Ltd lessened its holdings in América Móvil, S.A.B. de C.V. (NYSE:AMX) by 71.7% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 23,566 shares of the Wireless communications provider’s stock after selling 59,584 shares during the period. Y Intercept Hong Kong Ltd’s holdings in América Móvil were worth $386,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Discovery Capital Management LLC CT grew its position in shares of América Móvil by 270.1% during the second quarter. Discovery Capital Management LLC CT now owns 1,795,988 shares of the Wireless communications provider’s stock worth $30,532,000 after purchasing an additional 1,310,688 shares in the last quarter. Brandes Investment Partners LP boosted its stake in América Móvil by 2.8% in the 2nd quarter. Brandes Investment Partners LP now owns 1,213,424 shares of the Wireless communications provider’s stock worth $20,479,000 after purchasing an additional 33,006 shares during the period. Envestnet Asset Management Inc. raised its position in shares of América Móvil by 30.8% during the second quarter. Envestnet Asset Management Inc. now owns 972,542 shares of the Wireless communications provider’s stock valued at $16,533,000 after buying an additional 228,856 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in shares of América Móvil by 19.9% in the third quarter. Robeco Institutional Asset Management B.V. now owns 910,988 shares of the Wireless communications provider’s stock worth $14,904,000 after buying an additional 151,114 shares in the last quarter. Finally, American Century Companies Inc. lifted its holdings in shares of 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 worth $15,079,000 after buying an additional 47,941 shares in the last quarter. 6.30% of the stock is owned by institutional investors.

América Móvil Stock Down 3.0 %

Shares of NYSE:AMX opened at $14.54 on Tuesday. The company has a market cap of $44.62 billion, a price-to-earnings ratio of 21.69, a PEG ratio of 1.32 and a beta of 0.94. América Móvil, S.A.B. de C.V. has a 12 month low of $14.51 and a 12 month high of $20.31. The company has a current ratio of 0.72, a quick ratio of 0.67 and a debt-to-equity ratio of 0.90. The company has a 50-day moving average price of $15.60 and a 200 day moving average price of $16.47.

América Móvil (NYSE:AMX) last announced its earnings results on Tuesday, October 15th. The Wireless communications provider reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.30). América Móvil had a return on equity of 8.61% and a net margin of 4.45%. The company had revenue of $11.82 billion during the quarter, compared to analysts’ expectations of $11.97 billion. As a group, equities research analysts predict that América Móvil, S.A.B. de C.V. will post 0.97 earnings per share for the current year.

América Móvil Increases Dividend

The company also recently announced a semi-annual dividend, which was paid on Monday, November 18th. Stockholders of record on Friday, November 8th were paid a $0.245 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a dividend yield of 2%. This is an increase from América Móvil’s previous semi-annual dividend of $0.18. América Móvil’s dividend payout ratio is currently 34.33%.

Wall Street Analysts Forecast Growth

AMX has been the topic of a number of research reports. Scotiabank reduced their price target on shares of América Móvil from $17.80 to $17.30 and set a “sector perform” rating on the stock in a report on Wednesday, October 16th. StockNews.com started coverage on América Móvil in a research report on Friday, November 22nd. They issued a “buy” rating on the stock. Finally, The Goldman Sachs Group cut their price target on América Móvil from $20.80 to $17.80 and set a “buy” rating for the company in a report on Friday, November 15th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $19.48.

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.