Whittier Trust Co. of Nevada Inc. Has $241,000 Stock Holdings in América Móvil, S.A.B. de C.V. (NYSE:AMX)

Whittier Trust Co. of Nevada Inc. reduced its position in shares of América Móvil, S.A.B. de C.V. (NYSE:AMX) by 67.1% during the third quarter, Holdings Channel reports. The institutional investor owned 14,725 shares of the Wireless communications provider’s stock after selling 30,008 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in América Móvil were worth $241,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Private Ocean LLC acquired a new position in shares of América Móvil during the first quarter worth approximately $26,000. Sound Income Strategies LLC raised its holdings in América Móvil by 43.5% during the first quarter. Sound Income Strategies LLC now owns 3,466 shares of the Wireless communications provider’s stock worth $65,000 after buying an additional 1,051 shares during the last quarter. Rothschild Investment LLC bought a new position in shares of América Móvil in the second quarter valued at $59,000. Blue Trust Inc. lifted its stake in shares of América Móvil by 195.9% in the third 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. Finally, Headlands Technologies LLC grew its holdings in shares of América Móvil by 448.5% during the first quarter. Headlands Technologies LLC now owns 4,328 shares of the Wireless communications provider’s stock valued at $81,000 after buying an additional 3,539 shares during the last quarter. Institutional investors own 6.30% of the company’s stock.

Wall Street Analysts Forecast Growth

AMX has been the topic of several recent research reports. StockNews.com cut shares of América Móvil from a “strong-buy” rating to a “buy” rating in a research report on Friday, October 18th. UBS Group cut their target price on América Móvil from $23.30 to $22.60 and set a “buy” rating on the stock in a research report on Thursday, July 18th. Scotiabank decreased their price target on América Móvil from $17.80 to $17.30 and set a “sector perform” rating for the company in a report on Wednesday, October 16th. Finally, The Goldman Sachs Group dropped their price objective on América Móvil from $21.00 to $20.80 and set a “buy” rating on the stock in a research note on Monday, October 14th. 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. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $20.08.

América Móvil Trading Down 0.5 %

NYSE:AMX opened at $16.64 on Thursday. América Móvil, S.A.B. de C.V. has a 12 month low of $15.55 and a 12 month high of $20.31. The company has a current ratio of 0.68, a quick ratio of 0.63 and a debt-to-equity ratio of 0.98. The firm’s 50 day moving average is $16.56 and its 200 day moving average is $17.49. The stock has a market capitalization of $51.67 billion, a PE ratio of 15.41, a price-to-earnings-growth ratio of 0.98 and a beta of 0.95.

América Móvil Increases Dividend

The company also recently declared a semi-annual dividend, which will be paid on Monday, November 18th. Stockholders of record on Friday, November 8th will be given a dividend of $0.245 per share. This represents a dividend yield of 2%. The ex-dividend date is Friday, November 8th. This is a boost from América Móvil’s previous semi-annual dividend of $0.18. América Móvil’s dividend payout ratio is currently 22.22%.

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.