América Móvil, S.A.B. de C.V. (NYSE:AMX) Shares Sold by Whittier Trust Co.

Whittier Trust Co. trimmed its position in América Móvil, S.A.B. de C.V. (NYSE:AMX) by 53.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,791 shares of the Wireless communications provider’s stock after selling 24,985 shares during the quarter. Whittier Trust Co.’s holdings in América Móvil were worth $356,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Capital International Investors increased its holdings in América Móvil by 4.4% in the first quarter. Capital International Investors now owns 65,339,145 shares of the Wireless communications provider’s stock valued at $1,219,228,000 after buying an additional 2,741,127 shares during the last quarter. Discovery Capital Management LLC CT increased its holdings in shares of América Móvil by 270.1% in the 2nd quarter. Discovery Capital Management LLC CT now owns 1,795,988 shares of the Wireless communications provider’s stock valued at $30,532,000 after acquiring an additional 1,310,688 shares during the last quarter. Lazard Asset Management LLC raised its position in shares of América Móvil by 9.9% during the 1st quarter. Lazard Asset Management LLC now owns 12,528,301 shares of the Wireless communications provider’s stock worth $233,777,000 after acquiring an additional 1,128,671 shares in the last quarter. Capital International Inc. CA raised its position in shares of América Móvil by 9.5% during the 1st quarter. Capital International Inc. CA now owns 2,986,890 shares of the Wireless communications provider’s stock worth $55,735,000 after acquiring an additional 258,203 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in América Móvil by 30.8% in 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 purchasing an additional 228,856 shares in the last quarter. 6.30% of the stock is owned by hedge funds and other institutional investors.

América Móvil Stock Down 0.5 %

Shares of NYSE:AMX opened at $16.64 on Thursday. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.68 and a quick ratio of 0.63. The stock has a market cap of $51.67 billion, a P/E ratio of 15.41, a P/E/G ratio of 0.98 and a beta of 0.95. América Móvil, S.A.B. de C.V. has a 1-year low of $15.55 and a 1-year high of $20.31. The firm has a fifty day moving average price of $16.56 and a 200 day moving average price of $17.49.

América Móvil Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on AMX. Scotiabank cut their price objective 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. The Goldman Sachs Group reduced their price target on shares of América Móvil from $21.00 to $20.80 and set a “buy” rating for the company in a research report on Monday, October 14th. UBS Group dropped their price objective on América Móvil from $23.30 to $22.60 and set a “buy” rating on the stock in a report on Thursday, July 18th. Finally, StockNews.com downgraded América Móvil from a “strong-buy” rating to a “buy” rating in a report on Friday, October 18th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $20.08.

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.