Fomento Economico Mexicano S.A.B. de C.V. $FMX Shares Sold by Capital Wealth Planning LLC

Capital Wealth Planning LLC lowered its position in Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX) by 24.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,904 shares of the company’s stock after selling 11,206 shares during the period. Capital Wealth Planning LLC’s holdings in Fomento Economico Mexicano were worth $3,422,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. ANTIPODES PARTNERS Ltd grew its holdings in shares of Fomento Economico Mexicano by 24.1% in the 3rd quarter. ANTIPODES PARTNERS Ltd now owns 1,144,880 shares of the company’s stock worth $112,928,000 after acquiring an additional 222,064 shares during the period. Invesco Ltd. grew its holdings in shares of Fomento Economico Mexicano by 67.8% in the 3rd quarter. Invesco Ltd. now owns 1,046,906 shares of the company’s stock worth $103,256,000 after acquiring an additional 423,073 shares during the period. Bank of America Corp DE grew its holdings in shares of Fomento Economico Mexicano by 21.2% in the 3rd quarter. Bank of America Corp DE now owns 758,186 shares of the company’s stock worth $74,780,000 after acquiring an additional 132,440 shares during the period. AQR Capital Management LLC grew its holdings in shares of Fomento Economico Mexicano by 11,692.3% in the 2nd quarter. AQR Capital Management LLC now owns 716,029 shares of the company’s stock worth $73,171,000 after acquiring an additional 709,957 shares during the period. Finally, Lazard Asset Management LLC grew its holdings in shares of Fomento Economico Mexicano by 9.8% in the 3rd quarter. Lazard Asset Management LLC now owns 675,809 shares of the company’s stock worth $66,655,000 after acquiring an additional 60,101 shares during the period. Institutional investors and hedge funds own 61.00% of the company’s stock.

Insider Buying and Selling at Fomento Economico Mexicano

In other Fomento Economico Mexicano news, Director Garza Alfonso Garza sold 52,316 shares of the stock in a transaction on Wednesday, March 25th. The stock was sold at an average price of $11.07, for a total transaction of $579,138.12. Following the transaction, the director owned 1,233,080 shares of the company’s stock, valued at $13,650,195.60. This represents a 4.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Over the last 90 days, insiders sold 261,575 shares of company stock worth $2,795,188. Corporate insiders own 5.68% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on FMX shares. Weiss Ratings upgraded Fomento Economico Mexicano from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 11th. Barclays upped their price target on Fomento Economico Mexicano from $118.00 to $125.00 and gave the stock an “equal weight” rating in a report on Monday, May 4th. Zacks Research upgraded Fomento Economico Mexicano from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 30th. Wall Street Zen lowered Fomento Economico Mexicano from a “strong-buy” rating to a “buy” rating in a research note on Monday, May 11th. Finally, JPMorgan Chase & Co. upped their target price on Fomento Economico Mexicano from $98.00 to $117.00 and gave the company a “neutral” rating in a research note on Monday, April 20th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $117.17.

Fomento Economico Mexicano Trading Up 1.2%

Shares of Fomento Economico Mexicano stock opened at $123.69 on Thursday. Fomento Economico Mexicano S.A.B. de C.V. has a fifty-two week low of $83.08 and a fifty-two week high of $125.71. The firm has a market cap of $42.74 billion, a PE ratio of 27.67, a P/E/G ratio of 0.71 and a beta of 0.42. The business’s fifty day moving average is $118.66 and its two-hundred day moving average is $109.94. The company has a quick ratio of 0.87, a current ratio of 1.16 and a debt-to-equity ratio of 0.47.

Fomento Economico Mexicano (NYSE:FMX) last issued its quarterly earnings results on Tuesday, March 31st. The company reported $2.43 earnings per share for the quarter. Fomento Economico Mexicano had a return on equity of 7.33% and a net margin of 3.40%.The company had revenue of $11.61 billion for the quarter. Analysts anticipate that Fomento Economico Mexicano S.A.B. de C.V. will post 5.77 earnings per share for the current year.

Fomento Economico Mexicano Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, May 4th. Shareholders of record on Wednesday, April 22nd were paid a dividend of $0.6658 per share. This represents a $2.66 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend was Wednesday, April 22nd. Fomento Economico Mexicano’s dividend payout ratio is currently 53.47%.

About Fomento Economico Mexicano

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.