BNP Paribas Arbitrage SA raised its stake in shares of Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX) by 1.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,936 shares of the company’s stock after buying an additional 381 shares during the period. BNP Paribas Arbitrage SA’s holdings in Fomento Economico Mexicano S.A.B. de C.V. were worth $2,354,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. TD Asset Management Inc. raised its position in Fomento Economico Mexicano S.A.B. de C.V. by 4.2% in the first quarter. TD Asset Management Inc. now owns 28,976 shares of the company’s stock valued at $2,565,000 after buying an additional 1,179 shares during the period. Legal & General Group Plc increased its position in Fomento Economico Mexicano S.A.B. de C.V. by 282.2% in the first quarter. Legal & General Group Plc now owns 10,564 shares of the company’s stock valued at $936,000 after buying an additional 7,800 shares in the last quarter. FIL Ltd increased its position in Fomento Economico Mexicano S.A.B. de C.V. by 15.2% in the first quarter. FIL Ltd now owns 2,346,144 shares of the company’s stock valued at $207,680,000 after buying an additional 309,600 shares in the last quarter. APG Asset Management N.V. increased its position in Fomento Economico Mexicano S.A.B. de C.V. by 14.1% in the second quarter. APG Asset Management N.V. now owns 313,930 shares of the company’s stock valued at $30,872,000 after buying an additional 38,900 shares in the last quarter. Finally, Parametric Portfolio Associates LLC increased its position in Fomento Economico Mexicano S.A.B. de C.V. by 29.0% in the first quarter. Parametric Portfolio Associates LLC now owns 393,243 shares of the company’s stock valued at $34,810,000 after buying an additional 88,311 shares in the last quarter. Institutional investors and hedge funds own 21.58% of the company’s stock.

Shares of Fomento Economico Mexicano S.A.B. de C.V. (NYSE FMX) opened at 100.45 on Thursday. The company has a 50-day moving average of $100.66 and a 200 day moving average of $92.90. The stock has a market cap of $35.94 billion, a price-to-earnings ratio of 29.90 and a beta of 0.57. Fomento Economico Mexicano S.A.B. de C.V. has a one year low of $73.45 and a one year high of $103.82.

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

ILLEGAL ACTIVITY NOTICE: This report was posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this report on another site, it was illegally stolen and republished in violation of United States and international trademark and copyright laws. The legal version of this report can be viewed at https://www.thecerbatgem.com/2017/08/31/bnp-paribas-arbitrage-sa-boosts-position-in-fomento-economico-mexicano-s-a-b-de-c-v-fmx.html.

FMX has been the topic of a number of research reports. 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 research report on Tuesday. 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, August 22nd. Gabelli initiated coverage on shares of Fomento Economico Mexicano S.A.B. de C.V. in a research note on Monday, July 17th. They issued a “buy” rating and a $112.00 target price for the company. Finally, 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 note on Tuesday, June 13th. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $105.67.

About Fomento Economico Mexicano S.A.B. de C.V.

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.

Want to see what other hedge funds are holding FMX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX).

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

Receive News & Stock Ratings for Fomento Economico Mexicano S.A.B. de C.V. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fomento Economico Mexicano S.A.B. de C.V. and related stocks with our FREE daily email newsletter.