Natixis Advisors LLC Decreases Stock Holdings in América Móvil, S.A.B. de C.V. (NYSE:AMX)

Natixis Advisors LLC lessened its holdings in América Móvil, S.A.B. de C.V. (NYSE:AMX - Free Report) by 25.7% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 134,762 shares of the Wireless communications provider's stock after selling 46,615 shares during the period. Natixis Advisors LLC's holdings in América Móvil were worth $2,291,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Private Ocean LLC bought a new position in shares of América Móvil during the 1st quarter valued at approximately $26,000. Principal Securities Inc. purchased a new stake in shares of América Móvil in the fourth quarter valued at $41,000. First United Bank & Trust bought a new stake in shares of América Móvil in the 4th quarter worth about $53,000. Rothschild Investment LLC purchased a new position in shares of América Móvil during the 2nd quarter worth about $59,000. Finally, Sound Income Strategies LLC grew its holdings in América Móvil by 43.5% during the 1st quarter. Sound Income Strategies LLC now owns 3,466 shares of the Wireless communications provider's stock valued at $65,000 after purchasing an additional 1,051 shares during the last quarter. Hedge funds and other institutional investors own 6.30% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on AMX shares. UBS Group dropped their target price on América Móvil from $23.30 to $22.60 and set a "buy" rating for the company in a research report on Thursday, July 18th. Scotiabank dropped their price objective on América Móvil from $19.00 to $18.90 and set a "sector perform" rating for the company in a report on Wednesday, July 17th. Finally, StockNews.com upgraded América Móvil from a "buy" rating to a "strong-buy" rating in a research note on Friday, August 9th. One research analyst has rated the stock with a sell rating, one has given a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $21.39.

América Móvil Stock Down 4.1 %

Shares of América Móvil stock traded down $0.67 during trading on Tuesday, hitting $15.65. 2,040,877 shares of the stock traded hands, compared to its average volume of 1,492,505. América Móvil, S.A.B. de C.V. has a 52-week low of $15.55 and a 52-week high of $20.31. The stock's fifty day simple moving average is $17.09 and its 200 day simple moving average is $18.03. The firm has a market cap of $48.28 billion, a P/E ratio of 14.83, a price-to-earnings-growth ratio of 0.99 and a beta of 0.96. The company has a current ratio of 0.68, a quick ratio of 0.63 and a debt-to-equity ratio of 0.98.

América Móvil (NYSE:AMX - Get Free Report) last announced its quarterly earnings results on Tuesday, July 16th. The Wireless communications provider reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.36). América Móvil had a return on equity of 7.73% and a net margin of 3.98%. The business had revenue of $11.93 billion during the quarter, compared to analysts' expectations of $12.37 billion. On average, equities analysts predict that América Móvil, S.A.B. de C.V. will post 1.39 earnings per share for the current fiscal year.

América Móvil Increases Dividend

The business also recently announced a semi-annual dividend, which was paid on Monday, July 22nd. Shareholders of record on Friday, July 12th were issued a dividend of $0.2608 per share. The ex-dividend date was Friday, July 12th. This represents a yield of 2.1%. This is a positive change from América Móvil's previous semi-annual dividend of $0.18. América Móvil's dividend payout ratio is currently 25.00%.

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.