Y Intercept Hong Kong Ltd Cuts Position in América Móvil, S.A.B. de C.V. (NYSE:AMX)

Y Intercept Hong Kong Ltd lessened its holdings in América Móvil, S.A.B. de C.V. (NYSE:AMX - Free Report) by 71.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,566 shares of the Wireless communications provider's stock after selling 59,584 shares during the period. Y Intercept Hong Kong Ltd's holdings in América Móvil were worth $386,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Envestnet Asset Management Inc. grew its position in América Móvil by 30.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 972,542 shares of the Wireless communications provider's stock worth $16,533,000 after purchasing an additional 228,856 shares in the last quarter. Brandes Investment Partners LP grew its position in América Móvil by 2.8% in the 2nd quarter. Brandes Investment Partners LP now owns 1,213,424 shares of the Wireless communications provider's stock worth $20,479,000 after purchasing an additional 33,006 shares in the last quarter. Discovery Capital Management LLC CT grew its position in 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 worth $30,532,000 after purchasing an additional 1,310,688 shares in the last quarter. Wealthspire Advisors LLC grew its position in América Móvil by 16.0% in the 2nd quarter. Wealthspire Advisors LLC now owns 13,656 shares of the Wireless communications provider's stock worth $232,000 after purchasing an additional 1,880 shares in the last quarter. Finally, AQR Capital Management LLC grew its position in América Móvil by 343.1% in the 2nd quarter. AQR Capital Management LLC now owns 294,907 shares of the Wireless communications provider's stock worth $5,013,000 after purchasing an additional 228,353 shares in the last quarter. Institutional investors and hedge funds own 6.30% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the stock. StockNews.com began coverage on shares of América Móvil in a research report on Friday, November 22nd. They set a "buy" rating for the company. Scotiabank cut their price objective 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. Finally, The Goldman Sachs Group cut their price objective on shares of América Móvil from $20.80 to $17.80 and set a "buy" rating for the company in a report on Friday, November 15th. One analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $19.48.

América Móvil Price Performance

Shares of América Móvil stock traded up $0.41 on Tuesday, hitting $14.92. 2,152,918 shares of the company traded hands, compared to its average volume of 1,576,196. The company has a market cap of $45.80 billion, a P/E ratio of 22.27, a P/E/G ratio of 1.32 and a beta of 0.94. The firm's 50-day simple moving average is $15.58 and its 200 day simple moving average is $16.44. América Móvil, S.A.B. de C.V. has a 12-month low of $14.46 and a 12-month high of $20.31. 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 (NYSE:AMX - Get Free Report) last issued its earnings results on Tuesday, October 15th. The Wireless communications provider reported $0.11 EPS for the quarter, missing analysts' consensus estimates of $0.41 by ($0.30). The business had revenue of $11.82 billion during the quarter, compared to analysts' expectations of $11.97 billion. América Móvil had a return on equity of 8.61% and a net margin of 4.45%. Analysts expect that América Móvil, S.A.B. de C.V. will post 0.97 earnings per share for the current fiscal year.

América Móvil Increases Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Monday, November 18th. Shareholders of record on Friday, November 8th were given a $0.245 dividend. This is a boost from América Móvil's previous semi-annual dividend of $0.18. The ex-dividend date was Friday, November 8th. This represents a dividend yield of 2%. América Móvil's payout ratio is presently 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.