Public Employees Retirement Association of Colorado Continues to Hold Stake in Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX)

Public Employees Retirement Association of Colorado held its stake in shares of Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 165,950 shares of the company’s stock at the end of the second quarter. Public Employees Retirement Association of Colorado’s holdings in Fomento Economico Mexicano S.A.B. de C.V. were worth $16,320,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of FMX. Howe & Rusling Inc. raised its position in shares of Fomento Economico Mexicano S.A.B. de C.V. by 288.4% in the first quarter. Howe & Rusling Inc. now owns 1,301 shares of the company’s stock valued at $115,000 after buying an additional 966 shares during the period. Quadrature Capital Ltd purchased a new stake in shares of Fomento Economico Mexicano S.A.B. de C.V. during the fourth quarter worth about $540,000. TD Asset Management Inc. raised its stake in shares of 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 worth $2,565,000 after buying an additional 1,179 shares during the last quarter. Legal & General Group Plc raised its stake in shares of 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 worth $936,000 after buying an additional 7,800 shares during the last quarter. Finally, FIL Ltd raised its stake in shares of 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 worth $207,680,000 after buying an additional 309,600 shares during the last quarter. 23.85% of the stock is currently owned by institutional investors.

Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX) traded up 1.08% during mid-day trading on Friday, reaching $99.99. 267,958 shares of the company’s stock were exchanged. The firm’s 50-day moving average is $99.70 and its 200 day moving average is $91.20. The stock has a market capitalization of $35.78 billion, a PE ratio of 29.76 and a beta of 0.57. Fomento Economico Mexicano S.A.B. de C.V. has a 1-year low of $73.45 and a 1-year high of $103.82.

Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX) last posted its quarterly 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. The company had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.49 billion. Fomento Economico Mexicano S.A.B. de C.V. had a return on equity of 8.42% and a net margin of 5.26%. Analysts forecast that Fomento Economico Mexicano S.A.B. de C.V. will post $3.44 earnings per share for the current fiscal year.

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A number of research firms have weighed in on FMX. Gabelli began coverage on Fomento Economico Mexicano S.A.B. de C.V. in a report on Monday, July 17th. They set a “buy” rating and a $112.00 target price for the company. Barclays PLC reduced their price target on 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. Zacks Investment Research raised Fomento Economico Mexicano S.A.B. de C.V. from a “hold” rating to a “buy” rating and set a $112.00 price target on the stock in a research report on Friday, July 14th. BidaskClub raised Fomento Economico Mexicano S.A.B. de C.V. from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 12th. Finally, Citigroup Inc. lowered shares of Fomento Economico Mexicano S.A.B. de C.V. from a “buy” rating to a “neutral” rating in a report on Tuesday, June 13th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. Fomento Economico Mexicano S.A.B. de C.V. has a consensus rating of “Buy” and a consensus target price of $105.33.

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.

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

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