América Móvil, S.A.B. de C.V. (NYSE:AMX) Shares Acquired by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. lifted its position in América Móvil, S.A.B. de C.V. (NYSE:AMX) by 76.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 736,107 shares of the Wireless communications provider’s stock after purchasing an additional 317,800 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in América Móvil were worth $12,043,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. Lazard Asset Management LLC raised its stake 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 valued at $233,777,000 after buying an additional 1,128,671 shares during the last quarter. Discovery Capital Management LLC CT raised its position in América Móvil by 270.1% during the second 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 in the last quarter. Brandes Investment Partners LP boosted 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. Envestnet Asset Management Inc. grew its stake in shares of América Móvil by 30.8% during 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 during the period. Finally, Robeco Institutional Asset Management B.V. increased its holdings in shares of América Móvil by 19.9% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 910,988 shares of the Wireless communications provider’s stock valued at $14,904,000 after purchasing an additional 151,114 shares in the last quarter. 6.30% of the stock is owned by hedge funds and other institutional investors.

América Móvil Stock Performance

NYSE:AMX opened at $15.19 on Friday. The company has a market cap of $46.63 billion, a P/E ratio of 22.67, a P/E/G ratio of 1.01 and a beta of 0.95. América Móvil, S.A.B. de C.V. has a twelve month low of $14.87 and a twelve month high of $20.31. The company’s 50-day moving average price is $16.12 and its 200-day moving average price is $17.07. 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) last issued 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 return on equity of 8.61% and a net margin of 4.45%. The company had revenue of $11.82 billion for the quarter, compared to analyst estimates of $11.97 billion. On average, sell-side analysts forecast that América Móvil, S.A.B. de C.V. will post 1.25 earnings per share for the current fiscal year.

América Móvil Increases Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Monday, November 18th. Investors of record on Friday, November 8th were given a $0.245 dividend. This represents a yield of 2%. This is a positive change from América Móvil’s previous semi-annual dividend of $0.18. The ex-dividend date was Friday, November 8th. América Móvil’s dividend payout ratio is presently 34.33%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. The Goldman Sachs Group lowered 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 note on Friday, November 15th. StockNews.com began coverage on América Móvil in a research report on Friday. They issued a “buy” rating for the company. Finally, Scotiabank decreased their target price on América Móvil from $17.80 to $17.30 and set a “sector perform” rating on the stock in a research report on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, América Móvil has a consensus rating of “Moderate Buy” and a consensus price target of $19.48.

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.