AIA Group Ltd Sells 32,978 Shares of América Móvil, S.A.B. de C.V. (NYSE:AMX)

AIA Group Ltd trimmed its stake in América Móvil, S.A.B. de C.V. (NYSE:AMX - Free Report) by 16.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 164,974 shares of the Wireless communications provider's stock after selling 32,978 shares during the period. AIA Group Ltd's holdings in América Móvil were worth $2,699,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Capital International Investors increased its stake in América Móvil by 4.4% during the 1st quarter. Capital International Investors now owns 65,339,145 shares of the Wireless communications provider's stock valued at $1,219,228,000 after purchasing an additional 2,741,127 shares in the last quarter. Discovery Capital Management LLC CT increased its stake in América Móvil by 270.1% during 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 purchasing an additional 1,310,688 shares in the last quarter. Lazard Asset Management LLC increased its stake in 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 valued at $233,777,000 after purchasing an additional 1,128,671 shares in the last quarter. Capital International Inc. CA grew its stake in shares of América Móvil by 9.5% in the first 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 during the period. Finally, Envestnet Asset Management Inc. increased its holdings in América Móvil by 30.8% during 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 buying an additional 228,856 shares during the last quarter. 6.30% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Scotiabank reduced their target price on shares of América Móvil from $17.80 to $17.30 and set a "sector perform" rating for the company in a report on Wednesday, October 16th. The Goldman Sachs Group dropped 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 target on shares of América Móvil from $23.30 to $22.60 and set a "buy" rating for the company in a research report on Thursday, July 18th. Finally, StockNews.com began coverage on shares of América Móvil in a research report on Wednesday. They issued a "buy" rating for the company. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $20.08.

América Móvil Trading Down 2.6 %

Shares of AMX traded down $0.40 during midday trading on Friday, hitting $15.22. The stock had a trading volume of 1,583,195 shares, compared to its average volume of 1,556,417. América Móvil, S.A.B. de C.V. has a 1 year low of $15.12 and a 1 year high of $20.31. The firm has a market cap of $46.73 billion, a PE ratio of 22.72, a price-to-earnings-growth ratio of 0.98 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 0.63. The stock's 50 day moving average is $16.32 and its 200 day moving average is $17.31.

América Móvil (NYSE:AMX - Get Free Report) last announced its 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). 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 analysts' expectations of $11.97 billion. As a group, analysts forecast that América Móvil, S.A.B. de C.V. will post 1.39 EPS for the current fiscal year.

América Móvil Increases Dividend

The company 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 $0.245 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a dividend yield of 2%. This is an increase from América Móvil's previous semi-annual dividend of $0.18. América Móvil's dividend payout ratio is currently 35.82%.

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.