Aperio Group LLC decreased its position in Fomento Economico Mexicano SAB (NYSE:FMX) by 8.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 49,894 shares of the company’s stock after selling 4,791 shares during the period. Aperio Group LLC’s holdings in Fomento Economico Mexicano SAB were worth $4,592,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Emerald Acquisition Ltd. bought a new position in shares of Fomento Economico Mexicano SAB during the second quarter worth $75,280,000. Artisan Partners Limited Partnership bought a new position in shares of Fomento Economico Mexicano SAB during the second quarter worth $68,556,000. FIL Ltd increased its position in shares of Fomento Economico Mexicano SAB by 23.4% in the second quarter. FIL Ltd now owns 3,788,726 shares of the company’s stock worth $350,419,000 after buying an additional 719,116 shares during the period. CGOV Asset Management bought a new position in shares of Fomento Economico Mexicano SAB during the third quarter worth $83,804,000. Finally, Vontobel Asset Management Inc. increased its position in shares of Fomento Economico Mexicano SAB by 8.8% in the third quarter. Vontobel Asset Management Inc. now owns 7,642,007 shares of the company’s stock worth $715,750,000 after buying an additional 617,940 shares during the period. 21.97% of the stock is currently owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Fomento Economico Mexicano SAB (NYSE:FMX)

Fomento Economico Mexicano SAB (NYSE:FMX) traded down 1.34% during midday trading on Wednesday, reaching $78.05. 577,320 shares of the company’s stock traded hands. The stock’s 50 day moving average price is $90.11 and its 200-day moving average price is $91.35. Fomento Economico Mexicano SAB has a one year low of $77.37 and a one year high of $100.57. The stock has a market cap of $27.93 billion, a PE ratio of 28.69 and a beta of 0.77.

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A number of equities analysts recently weighed in on FMX shares. Stifel Nicolaus started coverage on shares of Fomento Economico Mexicano SAB in a report on Tuesday, November 22nd. They issued a “buy” rating on the stock. HSBC raised shares of Fomento Economico Mexicano SAB from a “hold” rating to a “buy” rating in a report on Wednesday, August 10th. Finally, Zacks Investment Research raised shares of Fomento Economico Mexicano SAB from a “hold” rating to a “buy” rating and set a $99.00 price target on the stock in a report on Wednesday, August 3rd. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Fomento Economico Mexicano SAB currently has an average rating of “Buy” and an average target price of $106.33.

About Fomento Economico Mexicano SAB

Fomento Economico Mexicano, SAB. de C.V. (FEMSA) is a holding company. The Company’s segments are Coca-Cola FEMSA, FEMSA Comercio-Retail Division and FEMSA Comercio-Fuel Division. The Company conducts its operations through holding companies, such as Coca-Cola FEMSA, SAB. de C.V. and subsidiaries (Coca-Cola FEMSA), which produces, distributes and sells beverages; FEMSA Comercio, SA de C.V.

5 Day Chart for NYSE:FMX

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