Northern Capital Management LLC Cuts Stake in Fomento Economico Mexicano SAB (FMX)

Northern Capital Management LLC cut its position in Fomento Economico Mexicano SAB (NYSE:FMX) by 11.8% during the first quarter, Holdings Channel reports. The fund owned 17,755 shares of the company’s stock after selling 2,380 shares during the period. Northern Capital Management LLC’s holdings in Fomento Economico Mexicano SAB were worth $1,572,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the company. Morgan Stanley increased its position in Fomento Economico Mexicano SAB by 5.8% in the third quarter. Morgan Stanley now owns 4,127,958 shares of the company’s stock worth $379,936,000 after buying an additional 228,021 shares during the last quarter. Comgest Global Investors S.A.S. increased its position in Fomento Economico Mexicano SAB by 3.7% in the fourth quarter. Comgest Global Investors S.A.S. now owns 2,808,051 shares of the company’s stock worth $214,001,000 after buying an additional 100,500 shares during the last quarter. Wells Fargo & Company MN increased its position in Fomento Economico Mexicano SAB by 1.5% in the third quarter. Wells Fargo & Company MN now owns 2,318,693 shares of the company’s stock worth $213,412,000 after buying an additional 33,518 shares during the last quarter. Artisan Partners Limited Partnership increased its position in Fomento Economico Mexicano SAB by 52.9% in the fourth quarter. Artisan Partners Limited Partnership now owns 1,353,963 shares of the company’s stock worth $103,186,000 after buying an additional 468,249 shares during the last quarter. Finally, FMR LLC increased its position in Fomento Economico Mexicano SAB by 9.8% in the fourth quarter. FMR LLC now owns 1,074,102 shares of the company’s stock worth $81,857,000 after buying an additional 95,700 shares during the last quarter. 22.83% of the stock is owned by institutional investors.

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

Shares of Fomento Economico Mexicano SAB (NYSE:FMX) traded down 0.14% during trading on Friday, hitting $90.68. 410,732 shares of the company’s stock were exchanged. Fomento Economico Mexicano SAB has a one year low of $73.45 and a one year high of $100.57. The firm has a 50-day moving average price of $89.29 and a 200-day moving average price of $84.32. The stock has a market cap of $32.45 billion, a P/E ratio of 28.79 and a beta of 0.67.

Fomento Economico Mexicano SAB (NYSE:FMX) last posted its quarterly earnings data on Monday, February 27th. The company reported $0.90 EPS for the quarter, missing the consensus estimate of $1.02 by $0.12. The firm had revenue of $5.54 billion for the quarter, compared to the consensus estimate of $4.91 billion. Fomento Economico Mexicano SAB had a return on equity of 8.47% and a net margin of 5.72%. Equities research analysts expect that Fomento Economico Mexicano SAB will post $2.74 EPS for the current fiscal year.

The company also recently disclosed a semiannual dividend, which will be paid on Monday, May 15th. Investors of record on Thursday, May 4th will be paid a dividend of $0.687 per share. This represents a dividend yield of 1.51%. The ex-dividend date is Tuesday, May 2nd. This is a positive change from Fomento Economico Mexicano SAB’s previous semiannual dividend of $0.68. Fomento Economico Mexicano SAB’s payout ratio is 50.19%.

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A number of equities analysts recently issued reports on FMX shares. Zacks Investment Research raised shares of Fomento Economico Mexicano SAB from a “sell” rating to a “hold” rating in a research note on Thursday, March 2nd. Barclays PLC set a $92.00 price target on shares of Fomento Economico Mexicano SAB and gave the stock a “buy” rating in a research note on Monday, January 16th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $100.33.

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

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 SAB (NYSE:FMX).

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