Connor Clark & Lunn Investment Management Ltd. Has $12.04 Million Stake in América Móvil, S.A.B. de C.V. (NYSE:AMX)

Connor Clark & Lunn Investment Management Ltd. raised its holdings in América Móvil, S.A.B. de C.V. (NYSE:AMX - Free Report) by 76.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 736,107 shares of the Wireless communications provider's stock after buying an additional 317,800 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.'s holdings in América Móvil were worth $12,043,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of AMX. Envestnet Asset Management Inc. grew its stake 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 buying an additional 228,856 shares during the period. Cetera Investment Advisers increased its holdings in América Móvil by 43.9% in the first quarter. Cetera Investment Advisers now owns 117,758 shares of the Wireless communications provider's stock valued at $2,197,000 after buying an additional 35,930 shares during the last quarter. Cetera Advisors LLC raised its stake in América Móvil by 399.5% during the first quarter. Cetera Advisors LLC now owns 79,697 shares of the Wireless communications provider's stock valued at $1,487,000 after buying an additional 63,741 shares in the last quarter. Brandes Investment Partners LP lifted its stake in América Móvil by 2.8% during the second 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 during the last quarter. Finally, Wealthspire Advisors LLC raised its holdings in shares of América Móvil by 16.0% during the second 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 during the period. 6.30% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. StockNews.com started coverage on shares of América Móvil in a research report on Friday. They set a "buy" rating for the company. Scotiabank dropped their price objective on América Móvil from $17.80 to $17.30 and set a "sector perform" rating on the stock in a research note on Wednesday, October 16th. Finally, 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 note on Friday, November 15th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $19.48.

América Móvil Stock Performance

AMX stock traded down $0.16 during midday trading on Friday, hitting $15.02. The stock had a trading volume of 2,706,701 shares, compared to its average volume of 1,564,402. The firm has a market capitalization of $46.11 billion, a price-to-earnings ratio of 22.67, a P/E/G ratio of 1.01 and a beta of 0.95. The company has a current ratio of 0.72, a quick ratio of 0.67 and a debt-to-equity ratio of 0.90. The stock has a 50-day simple moving average of $16.12 and a 200 day simple moving average of $17.07. América Móvil, S.A.B. de C.V. has a 52 week low of $14.87 and a 52 week high of $20.31.

América Móvil (NYSE:AMX - Get Free Report) last issued its quarterly earnings results on Tuesday, October 15th. The Wireless communications provider reported $0.11 earnings per share (EPS) 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. As a group, equities research analysts anticipate that América Móvil, S.A.B. de C.V. will post 1.25 earnings per share for the current 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 issued 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 a boost from América Móvil's previous semi-annual dividend of $0.18. América Móvil's dividend payout ratio is 34.33%.

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.