Fomento Economico Mexicano S.A.B. de C.V. (FMX) Shares Sold by BARING ASSET MANAGEMENT Ltd

BARING ASSET MANAGEMENT Ltd lessened its stake in shares of Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX) by 55.3% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 45,304 shares of the company’s stock after selling 56,048 shares during the period. BARING ASSET MANAGEMENT Ltd’s holdings in Fomento Economico Mexicano S.A.B. de C.V. were worth $4,328,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Duff & Phelps Investment Management Co. purchased a new stake in Fomento Economico Mexicano S.A.B. de C.V. during the third quarter worth about $11,717,000. State of New Jersey Common Pension Fund D increased its holdings in Fomento Economico Mexicano S.A.B. de C.V. by 4.9% during the third quarter. State of New Jersey Common Pension Fund D now owns 181,622 shares of the company’s stock worth $17,351,000 after buying an additional 8,452 shares during the last quarter. Aperio Group LLC increased its holdings in Fomento Economico Mexicano S.A.B. de C.V. by 8.3% during the third quarter. Aperio Group LLC now owns 37,070 shares of the company’s stock worth $3,541,000 after buying an additional 2,827 shares during the last quarter. APG Asset Management N.V. increased its holdings in Fomento Economico Mexicano S.A.B. de C.V. by 14.9% during the third quarter. APG Asset Management N.V. now owns 360,580 shares of the company’s stock worth $34,446,000 after buying an additional 46,650 shares during the last quarter. Finally, Eqis Capital Management Inc. increased its holdings in Fomento Economico Mexicano S.A.B. de C.V. by 49.7% during the third quarter. Eqis Capital Management Inc. now owns 8,222 shares of the company’s stock worth $785,000 after buying an additional 2,728 shares during the last quarter. Institutional investors and hedge funds own 21.66% of the company’s stock.

FMX has been the subject of a number of research analyst reports. BidaskClub upgraded shares of Fomento Economico Mexicano S.A.B. de C.V. from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 22nd. Zacks Investment Research upgraded shares of Fomento Economico Mexicano S.A.B. de C.V. from a “hold” rating to a “buy” rating and set a $109.00 price objective for the company in a report on Wednesday, September 20th. Barclays PLC decreased their price objective on shares of Fomento Economico Mexicano S.A.B. de C.V. from $115.00 to $114.00 and set an “overweight” rating for the company in a report on Wednesday, October 11th. Finally, Morgan Stanley initiated coverage on shares of Fomento Economico Mexicano S.A.B. de C.V. in a report on Thursday, September 14th. They set an “overweight” rating and a $120.00 price objective for the company. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $114.40.

ILLEGAL ACTIVITY WARNING: This report was originally reported by Community Financial News and is the property of of Community Financial News. If you are viewing this report on another site, it was copied illegally and republished in violation of US and international trademark & copyright laws. The correct version of this report can be viewed at https://www.com-unik.info/2017/10/30/fomento-economico-mexicano-s-a-b-de-c-v-fmx-shares-sold-by-baring-asset-management-ltd.html.

Shares of Fomento Economico Mexicano S.A.B. de C.V. (NYSE FMX) traded down 1.6636% during trading on Monday, reaching $89.8401. 121,555 shares of the company’s stock were exchanged. The firm has a market cap of $32.15 billion, a price-to-earnings ratio of 26.5015 and a beta of 0.55. The stock has a 50-day moving average price of $95.17 and a 200 day moving average price of $96.09. 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 also recently declared a semiannual dividend, which will be paid on Monday, November 13th. Stockholders of record on Monday, November 6th will be given a dividend of $0.6759 per share. This represents a dividend yield of 1.52%. The ex-dividend date of this dividend is Friday, November 3rd. Fomento Economico Mexicano S.A.B. de C.V.’s payout ratio is currently 18.57%.

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.

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)

What are top analysts saying about Fomento Economico Mexicano S.A.B. de C.V.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Fomento Economico Mexicano S.A.B. de C.V. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit