América Móvil, S.A.B. de C.V. (NYSE:AMX) Shares Bought by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC increased its position in América Móvil, S.A.B. de C.V. (NYSE:AMX) by 6.5% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 200,824 shares of the Wireless communications provider’s stock after purchasing an additional 12,204 shares during the period. O Shaughnessy Asset Management LLC’s holdings in América Móvil were worth $3,747,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Schroder Investment Management Group lifted its position in shares of América Móvil by 178.8% in the fourth quarter. Schroder Investment Management Group now owns 9,821,322 shares of the Wireless communications provider’s stock worth $181,891,000 after purchasing an additional 6,298,239 shares in the last quarter. Capital International Investors grew its stake in América Móvil by 9.9% in the 4th quarter. Capital International Investors now owns 62,598,018 shares of the Wireless communications provider’s stock valued at $1,158,783,000 after buying an additional 5,627,860 shares during the last quarter. Oaktree Capital Management LP bought a new position in América Móvil in the 4th quarter worth $42,575,000. Russell Investments Group Ltd. bought a new position in shares of América Móvil in the fourth quarter worth about $20,341,000. Finally, ABS Direct Equity Fund LLC acquired a new position in shares of América Móvil during the 4th quarter worth about $6,315,000. 6.30% of the stock is owned by institutional investors and hedge funds.

América Móvil Price Performance

NYSE AMX traded down $0.29 during midday trading on Tuesday, hitting $17.32. The company had a trading volume of 1,005,498 shares, compared to its average volume of 1,502,731. The company has a market capitalization of $53.78 billion, a PE ratio of 16.31, a P/E/G ratio of 1.03 and a beta of 0.95. América Móvil, S.A.B. de C.V. has a twelve month low of $15.99 and a twelve month high of $21.61. The company has a current ratio of 0.68, a quick ratio of 0.63 and a debt-to-equity ratio of 0.98. The firm has a 50-day moving average price of $17.95 and a 200-day moving average price of $18.34.

América Móvil (NYSE:AMX) last posted its quarterly earnings results on Tuesday, July 16th. The Wireless communications provider reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.36). The company had revenue of $11.93 billion during the quarter, compared to analyst estimates of $12.37 billion. América Móvil had a net margin of 3.98% and a return on equity of 7.73%. As a group, analysts anticipate that América Móvil, S.A.B. de C.V. will post 1.45 earnings per share for the current fiscal year.

América Móvil Increases Dividend

The firm also recently declared 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. This represents a dividend yield of 2.1%. This is a boost from América Móvil’s previous semi-annual dividend of $0.18. The ex-dividend date of this dividend was Friday, July 12th. América Móvil’s dividend payout ratio is presently 24.07%.

Analyst Ratings Changes

AMX has been the topic of several research analyst reports. Scotiabank lowered their price objective on shares of América Móvil from $19.00 to $18.90 and set a “sector perform” rating on the stock in a research note on Wednesday, July 17th. StockNews.com started coverage on América Móvil in a research note on Tuesday, July 16th. They set a “buy” rating for the company. JPMorgan Chase & Co. increased their target price on shares of América Móvil from $15.00 to $17.50 and gave the stock an “underweight” rating in a research report on Monday, April 1st. The Goldman Sachs Group upgraded América Móvil from a “neutral” rating to a “buy” rating and raised their target price for the company from $21.00 to $22.00 in a research note on Monday, April 29th. Finally, UBS Group decreased their price objective on shares of América Móvil from $23.30 to $22.60 and set a “buy” rating on the stock in a report on Thursday, July 18th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $21.65.

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 also 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.