Natixis Advisors LLC Sells 4,261 Shares of América Móvil, S.A.B. de C.V. (NYSE:AMX)

Natixis Advisors LLC cut its position in shares of América Móvil, S.A.B. de C.V. (NYSE:AMX) by 3.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 130,501 shares of the Wireless communications provider’s stock after selling 4,261 shares during the period. Natixis Advisors LLC’s holdings in América Móvil were worth $2,135,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of AMX. Rothschild Investment LLC bought a new position in América Móvil in the 2nd quarter valued at $59,000. CENTRAL TRUST Co increased its stake in América Móvil by 3,500.0% in the 3rd quarter. CENTRAL TRUST Co now owns 3,600 shares of the Wireless communications provider’s stock worth $59,000 after buying an additional 3,500 shares during the period. Blue Trust Inc. lifted its holdings in América Móvil by 195.9% during the 3rd quarter. Blue Trust Inc. now owns 3,507 shares of the Wireless communications provider’s stock valued at $60,000 after buying an additional 2,322 shares in the last quarter. Allworth Financial LP boosted its position in América Móvil by 46.1% in the 3rd quarter. Allworth Financial LP now owns 4,964 shares of the Wireless communications provider’s stock valued at $81,000 after buying an additional 1,567 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. grew its stake in América Móvil by 5.9% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 10,839 shares of the Wireless communications provider’s stock worth $178,000 after acquiring an additional 608 shares in the last quarter. Institutional investors own 6.30% of the company’s stock.

América Móvil Trading Down 1.1 %

Shares of NYSE AMX opened at $15.02 on Monday. América Móvil, S.A.B. de C.V. has a 1-year low of $14.87 and a 1-year high of $20.31. The business has a fifty day moving average price of $16.08 and a 200 day moving average price of $17.00. The stock has a market capitalization of $46.11 billion, a P/E ratio of 22.42, a price-to-earnings-growth ratio of 1.02 and a beta of 0.95. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.72 and a quick ratio of 0.67.

América Móvil (NYSE:AMX) last released its quarterly 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 firm had revenue of $11.82 billion for the quarter, compared to analysts’ expectations of $11.97 billion. Equities research analysts expect that América Móvil, S.A.B. de C.V. will post 1.25 EPS for the current fiscal year.

América Móvil Increases Dividend

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

Analyst Ratings Changes

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