Jane Street Group LLC Sells 428,799 Shares of América Móvil, S.A.B. de C.V. (NYSE:AMX)

Jane Street Group LLC decreased its holdings in shares of América Móvil, S.A.B. de C.V. (NYSE:AMX - Free Report) by 74.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Mirae Asset Global Investments Co. Ltd. grew its position in shares of América Móvil by 5.9% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 10,839 shares of the Wireless communications provider's stock valued at $178,000 after purchasing an additional 608 shares during the last quarter. Profund Advisors LLC boosted its stake in América Móvil by 1.7% in the 2nd quarter. Profund Advisors LLC now owns 37,515 shares of the Wireless communications provider's stock valued at $638,000 after purchasing an additional 630 shares during the period. Oppenheimer Asset Management Inc. grew its holdings in América Móvil by 6.5% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 16,707 shares of the Wireless communications provider's stock valued at $284,000 after buying an additional 1,025 shares in the last quarter. Allworth Financial LP increased its position in América Móvil by 46.1% during the 3rd quarter. Allworth Financial LP now owns 4,964 shares of the Wireless communications provider's stock worth $81,000 after buying an additional 1,567 shares during the period. Finally, Wealthspire Advisors LLC increased its position in América Móvil by 16.0% during the 2nd quarter. Wealthspire Advisors LLC now owns 13,656 shares of the Wireless communications provider's stock worth $232,000 after buying an additional 1,880 shares during the period. 6.30% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on AMX shares. StockNews.com started coverage on shares of América Móvil in a research note on Friday, November 22nd. They issued a "buy" rating on the stock. The Goldman Sachs Group decreased their target price on shares of América Móvil from $20.80 to $17.80 and set a "buy" rating on the stock in a research report on Friday, November 15th. Finally, Scotiabank dropped their price target on shares of América Móvil from $17.80 to $17.30 and set a "sector perform" rating for the company in a research report on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, América Móvil currently has a consensus rating of "Moderate Buy" and an average target price of $19.48.

América Móvil Price Performance

América Móvil stock traded down $0.20 during trading hours on Monday, reaching $14.05. 1,326,666 shares of the stock were exchanged, compared to its average volume of 1,587,906. The stock has a 50 day moving average of $15.46 and a two-hundred day moving average of $16.37. The company has a market cap of $43.13 billion, a P/E ratio of 20.97, a price-to-earnings-growth ratio of 1.32 and a beta of 0.94. The company has a current ratio of 0.72, a quick ratio of 0.67 and a debt-to-equity ratio of 0.90. América Móvil, S.A.B. de C.V. has a twelve month low of $13.90 and a twelve month high of $20.31.

América Móvil (NYSE:AMX - Get Free Report) last announced its quarterly earnings data on Tuesday, October 15th. The Wireless communications provider reported $0.11 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $11.97 billion. Equities analysts expect that América Móvil, S.A.B. de C.V. will post 0.97 EPS for the current fiscal year.

América Móvil Increases Dividend

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

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.