GFS Advisors LLC reduced its position in shares of Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX) by 1.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 149,900 shares of the company’s stock after selling 1,700 shares during the period. Fomento Economico Mexicano S.A.B. de C.V. comprises about 3.2% of GFS Advisors LLC’s portfolio, making the stock its 5th largest position. GFS Advisors LLC owned 0.07% of Fomento Economico Mexicano S.A.B. de C.V. worth $14,741,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. ING Groep NV bought a new stake in Fomento Economico Mexicano S.A.B. de C.V. during the second quarter worth about $211,000. Wetherby Asset Management Inc. bought a new stake in Fomento Economico Mexicano S.A.B. de C.V. during the second quarter worth about $220,000. Creative Planning increased its stake in Fomento Economico Mexicano S.A.B. de C.V. by 658.7% in the first quarter. Creative Planning now owns 2,534 shares of the company’s stock worth $224,000 after buying an additional 2,200 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in Fomento Economico Mexicano S.A.B. de C.V. during the first quarter worth about $239,000. Finally, First Trust Advisors LP bought a new stake in Fomento Economico Mexicano S.A.B. de C.V. during the first quarter worth about $240,000. Hedge funds and other institutional investors own 23.83% of the company’s stock.

Fomento Economico Mexicano S.A.B. de C.V. (NYSE FMX) opened at 100.72 on Friday. Fomento Economico Mexicano S.A.B. de C.V. has a 12 month low of $73.45 and a 12 month high of $103.82. The firm has a market capitalization of $36.04 billion, a PE ratio of 30.07 and a beta of 0.57. The firm’s 50-day moving average is $100.56 and its 200-day moving average is $92.73.

Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX) last posted its earnings results on Tuesday, July 25th. The company reported $0.72 earnings per share for the quarter, missing analysts’ consensus estimates of $0.83 by $0.11. The business had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.49 billion. Fomento Economico Mexicano S.A.B. de C.V. had a return on equity of 8.42% and a net margin of 5.26%. On average, equities research analysts expect that Fomento Economico Mexicano S.A.B. de C.V. will post $3.47 EPS for the current year.

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A number of research firms recently issued reports on FMX. Zacks Investment Research downgraded shares of Fomento Economico Mexicano S.A.B. de C.V. from a “buy” rating to a “hold” rating in a report on Wednesday, August 16th. BidaskClub raised shares of Fomento Economico Mexicano S.A.B. de C.V. from a “buy” rating to a “strong-buy” rating in a research report on Tuesday. Gabelli began coverage on shares of Fomento Economico Mexicano S.A.B. de C.V. in a research report on Monday, July 17th. They set a “buy” rating and a $112.00 price target on the stock. Citigroup Inc. cut shares of Fomento Economico Mexicano S.A.B. de C.V. from a “buy” rating to a “neutral” rating in a research report on Tuesday, June 13th. Finally, Barclays PLC reduced their price target on shares of Fomento Economico Mexicano S.A.B. de C.V. from $106.00 to $92.00 and set an “overweight” rating on the stock in a research report on Monday, May 1st. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. Fomento Economico Mexicano S.A.B. de C.V. currently has a consensus rating of “Buy” and a consensus price target of $105.67.

Fomento Economico Mexicano S.A.B. de C.V. Company Profile

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.

Institutional Ownership by Quarter for Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX)

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