Fomento Economico Mexicano S.A.B. de C.V. (FMX) Stake Held by Investment House LLC

Investment House LLC maintained its stake in Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,165 shares of the company’s stock at the end of the second quarter. Investment House LLC’s holdings in Fomento Economico Mexicano S.A.B. de C.V. were worth $606,000 as of its most recent filing with the SEC.

Several other hedge funds also recently added to or reduced their stakes in FMX. Mizuho Securities USA LLC boosted its stake in Fomento Economico Mexicano S.A.B. de C.V. by 6.5% in the second quarter. Mizuho Securities USA LLC now owns 11,400 shares of the company’s stock worth $1,121,000 after buying an additional 700 shares in the last quarter. Aperio Group LLC boosted its stake in Fomento Economico Mexicano S.A.B. de C.V. by 14.5% in the second quarter. Aperio Group LLC now owns 34,243 shares of the company’s stock worth $3,367,000 after buying an additional 4,331 shares in the last quarter. Bank of Montreal Can boosted its stake in Fomento Economico Mexicano S.A.B. de C.V. by 84.7% in the second quarter. Bank of Montreal Can now owns 73,635 shares of the company’s stock worth $7,242,000 after buying an additional 33,761 shares in the last quarter. Hexavest Inc. boosted its stake in Fomento Economico Mexicano S.A.B. de C.V. by 470.6% in the second quarter. Hexavest Inc. now owns 79,667 shares of the company’s stock worth $7,834,000 after buying an additional 65,706 shares in the last quarter. Finally, Cambridge Trust Co. boosted its stake in Fomento Economico Mexicano S.A.B. de C.V. by 39.6% in the first quarter. Cambridge Trust Co. now owns 8,922 shares of the company’s stock worth $790,000 after buying an additional 2,532 shares in the last quarter. 23.85% of the stock is owned by institutional investors and hedge funds.

Fomento Economico Mexicano S.A.B. de C.V. (FMX) opened at 99.99 on Friday. The firm has a market capitalization of $35.78 billion, a price-to-earnings ratio of 29.76 and a beta of 0.57. Fomento Economico Mexicano S.A.B. de C.V. has a 52-week low of $73.45 and a 52-week high of $103.82. The company’s 50-day moving average is $99.70 and its 200-day moving average is $91.20.

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 the Thomson Reuters’ 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 business had revenue of $6.35 billion for the quarter, compared to analysts’ expectations of $6.49 billion. Equities analysts predict that Fomento Economico Mexicano S.A.B. de C.V. will post $3.44 earnings per share for the current year.

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A number of analysts have recently commented on the stock. Zacks Investment Research raised shares of Fomento Economico Mexicano S.A.B. de C.V. from a “hold” rating to a “buy” rating and set a $112.00 target price for the company in a research note on Friday, August 4th. BidaskClub cut shares of Fomento Economico Mexicano S.A.B. de C.V. from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 28th. Gabelli initiated coverage on shares of Fomento Economico Mexicano S.A.B. de C.V. in a research note on Monday, July 17th. They set a “buy” rating and a $112.00 target price for the company. Citigroup Inc. lowered 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 lowered 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 research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $105.33.

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.

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

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