América Móvil, S.A.B. de C.V. (NYSE:AMX) Shares Sold by Jane Street Group LLC

Jane Street Group LLC reduced its holdings in shares of América Móvil, S.A.B. de C.V. (NYSE:AMX) by 74.3% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 148,148 shares of the Wireless communications provider’s stock after selling 428,799 shares during the quarter. Jane Street Group LLC’s holdings in América Móvil were worth $2,424,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in AMX. Quantinno Capital Management LP acquired a new position in América Móvil in the third quarter valued at approximately $234,000. Rockefeller Capital Management L.P. lifted its position in shares of América Móvil by 8.7% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 559,236 shares of the Wireless communications provider’s stock worth $9,151,000 after buying an additional 44,631 shares during the last quarter. Hantz Financial Services Inc. grew its position in shares of América Móvil by 3.0% in the 3rd quarter. Hantz Financial Services Inc. now owns 73,650 shares of the Wireless communications provider’s stock valued at $1,205,000 after buying an additional 2,177 shares during the last quarter. FORA Capital LLC purchased a new position in shares of América Móvil in the 3rd quarter valued at $519,000. Finally, FMR LLC raised its stake in América Móvil by 125.6% during 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. Hedge funds and other institutional investors own 6.30% of the company’s stock.

América Móvil Stock Up 0.3 %

AMX opened at $14.25 on Monday. The business has a 50 day moving average price of $15.46 and a two-hundred day moving average price of $16.38. América Móvil, S.A.B. de C.V. has a 52 week low of $14.10 and a 52 week high of $20.31. The company has a market cap of $43.75 billion, a PE ratio of 21.27, a P/E/G ratio of 1.32 and a beta of 0.94. The company has a quick ratio of 0.67, a current ratio of 0.72 and a debt-to-equity ratio of 0.90.

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

América Móvil Increases Dividend

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

Wall Street Analyst Weigh In

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

América Móvil 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.