Connor Clark & Lunn Investment Management Ltd. Raises Holdings in América Móvil, S.A.B. de C.V. (NYSE:AMX)

by · The Cerbat Gem

Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of América Móvil, S.A.B. de C.V. (NYSE:AMX – Free Report) by 76.0% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 736,107 shares of the Wireless communications provider’s stock after purchasing an additional 317,800 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in América Móvil were worth $12,043,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Lazard Asset Management LLC grew its holdings in shares of América Móvil by 9.9% in the first 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. Discovery Capital Management LLC CT raised its holdings 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 worth $30,532,000 after purchasing an additional 1,310,688 shares in the last quarter. Brandes Investment Partners LP increased its holdings in shares of 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 valued at $20,479,000 after purchasing an additional 33,006 shares in the last quarter. Envestnet Asset Management Inc. raised 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 worth $16,533,000 after purchasing an additional 228,856 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its holdings in shares of América Móvil by 19.9% in the third 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 institutional investors and hedge funds.

América Móvil Trading Up 1.4 %

América Móvil stock opened at $15.19 on Friday. The company has a market cap of $46.63 billion, a price-to-earnings ratio of 22.67, a P/E/G ratio of 1.01 and a beta of 0.95. The firm has a 50-day moving average of $16.12 and a 200-day moving average of $17.07. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.72 and a quick ratio of 0.67. América Móvil, S.A.B. de C.V. has a one year low of $14.87 and a one year high of $20.31.

América Móvil (NYSE:AMX – Get Free Report) last issued 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 return on equity of 8.61% and a net margin of 4.45%. The firm had revenue of $11.82 billion for the quarter, compared to the consensus estimate of $11.97 billion. On average, equities analysts expect 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 company also recently announced a semi-annual dividend, which was paid on Monday, November 18th. Shareholders of record on Friday, November 8th were given a dividend of $0.245 per share. This represents a yield of 2%. The ex-dividend date of this dividend was Friday, November 8th. This is an increase from América Móvil’s previous semi-annual dividend of $0.18. América Móvil’s dividend payout ratio is currently 34.33%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on AMX. StockNews.com started coverage on shares of América Móvil in a research report on Friday. They set a “buy” rating on the stock. The Goldman Sachs Group cut their target price on shares of América Móvil from $20.80 to $17.80 and set a “buy” rating for the company in a research report on Friday, November 15th. Finally, Scotiabank reduced their target price on América Móvil from $17.80 to $17.30 and set a “sector perform” rating for the company in a report on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $19.48.

View Our Latest Report on América Móvil

About América Móvil

(Free Report)

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.

Further Reading

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