Fomento Economico Mexicano S.A.B. de C.V. $FMX Shares Acquired by Lbp Am Sa

Lbp Am Sa lifted its position in shares of Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX) by 2.1% during the fourth quarter, HoldingsChannel reports. The fund owned 529,380 shares of the company’s stock after acquiring an additional 10,848 shares during the quarter. Fomento Economico Mexicano comprises 0.6% of Lbp Am Sa’s holdings, making the stock its 25th biggest position. Lbp Am Sa’s holdings in Fomento Economico Mexicano were worth $53,504,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Northwestern Mutual Wealth Management Co. increased its stake in shares of Fomento Economico Mexicano by 2,006.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 337 shares of the company’s stock worth $35,000 after acquiring an additional 321 shares during the period. Tower Research Capital LLC TRC increased its stake in shares of Fomento Economico Mexicano by 42.5% during the second quarter. Tower Research Capital LLC TRC now owns 439 shares of the company’s stock worth $45,000 after acquiring an additional 131 shares during the period. Mather Group LLC. acquired a new position in shares of Fomento Economico Mexicano during the third quarter worth about $54,000. Brown Brothers Harriman & Co. increased its stake in shares of Fomento Economico Mexicano by 220.8% during the third quarter. Brown Brothers Harriman & Co. now owns 725 shares of the company’s stock worth $72,000 after acquiring an additional 499 shares during the period. Finally, Farther Finance Advisors LLC increased its stake in shares of Fomento Economico Mexicano by 162.3% during the fourth quarter. Farther Finance Advisors LLC now owns 884 shares of the company’s stock worth $89,000 after acquiring an additional 547 shares during the period. 61.00% of the stock is currently owned by institutional investors and hedge funds.

Fomento Economico Mexicano Stock Up 1.7%

FMX stock opened at $117.04 on Thursday. The company’s 50 day simple moving average is $111.00 and its 200-day simple moving average is $103.22. The firm has a market capitalization of $40.44 billion, a PE ratio of 41.07, a P/E/G ratio of 0.84 and a beta of 0.40. Fomento Economico Mexicano S.A.B. de C.V. has a 12 month low of $83.08 and a 12 month high of $118.43. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.35 and a quick ratio of 1.02.

Fomento Economico Mexicano (NYSE:FMX) last released its quarterly earnings results on Saturday, February 14th. The company reported $1.36 EPS for the quarter. The business had revenue of $12.21 billion for the quarter. Fomento Economico Mexicano had a net margin of 2.29% and a return on equity of 6.11%. Equities analysts expect that Fomento Economico Mexicano S.A.B. de C.V. will post 5.32 earnings per share for the current fiscal year.

Fomento Economico Mexicano Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 4th. Stockholders of record on Wednesday, April 22nd will be given a $0.6658 dividend. The ex-dividend date is Wednesday, April 22nd. This represents a $2.66 annualized dividend and a dividend yield of 2.3%. Fomento Economico Mexicano’s dividend payout ratio is currently 80.00%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on FMX shares. UBS Group upped their target price on shares of Fomento Economico Mexicano from $109.00 to $122.00 and gave the stock a “buy” rating in a research report on Friday, March 20th. Barclays upped their target price on shares of Fomento Economico Mexicano from $116.00 to $118.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 3rd. The Goldman Sachs Group upped their target price on shares of Fomento Economico Mexicano from $113.00 to $128.00 and gave the stock a “buy” rating in a research report on Wednesday, February 11th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Fomento Economico Mexicano in a research report on Thursday, January 22nd. Three investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $110.67.

Insider Activity at Fomento Economico Mexicano

In other news, Director Garza Alfonso Garza sold 52,311 shares of the stock in a transaction that occurred on Friday, March 27th. The shares were sold at an average price of $11.19, for a total value of $585,360.09. Following the sale, the director directly owned 1,128,453 shares in the company, valued at $12,627,389.07. This represents a 4.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 261,575 shares of company stock valued at $2,795,188 in the last quarter. 5.68% of the stock is owned by corporate insiders.

Fomento Economico Mexicano Company Profile

Fomento Económico Mexicano, SAB. de C.V. (FEMSA) is a Mexican multinational company active primarily in the retail and beverage sectors. Headquartered in Monterrey, Mexico, FEMSA’s operations span convenience store retailing, beverage bottling and distribution, and related logistics and consumer services. The company’s business model combines high-frequency retail outlets with large-scale beverage production and a regional supply chain network.

FEMSA Comercio, the company’s retail arm, operates a large chain of convenience stores under the OXXO brand and has expanded its retail footprint with complementary formats and services.