Whittier Trust Co. of Nevada Inc. decreased its position in shares of Fomento Economico Mexicano SAB (NYSE:FMX) by 11.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,700 shares of the company’s stock after selling 625 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in Fomento Economico Mexicano SAB were worth $441,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Quantbot Technologies LP increased its holdings in Fomento Economico Mexicano SAB by 453.3% in the third quarter. Quantbot Technologies LP now owns 1,101 shares of the company’s stock worth $105,000 after purchasing an additional 902 shares in the last quarter. OxFORD Asset Management LLP bought a new stake in Fomento Economico Mexicano SAB during the second quarter worth $201,000. State of Wisconsin Investment Board bought a new stake in Fomento Economico Mexicano SAB during the third quarter worth $213,000. Dynamic Technology Lab Private Ltd bought a new stake in Fomento Economico Mexicano SAB during the third quarter worth $268,000. Finally, Teacher Retirement System of Texas bought a new stake in Fomento Economico Mexicano SAB during the third quarter worth $303,000. Institutional investors own 20.37% of the company’s stock.
Several research firms have weighed in on FMX. Zacks Investment Research cut Fomento Economico Mexicano SAB from a “hold” rating to a “sell” rating in a research report on Monday, February 5th. ValuEngine raised Fomento Economico Mexicano SAB from a “hold” rating to a “buy” rating in a research report on Thursday, December 14th. Finally, Credit Suisse Group cut Fomento Economico Mexicano SAB from an “outperform” rating to a “neutral” rating in a report on Wednesday, December 20th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, four have given a buy rating and two have given a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $114.40.
Shares of Fomento Economico Mexicano SAB (FMX) traded down $0.37 on Tuesday, hitting $92.25. The company had a trading volume of 101,229 shares, compared to its average volume of 481,537. The company has a quick ratio of 1.55, a current ratio of 1.88 and a debt-to-equity ratio of 0.36. Fomento Economico Mexicano SAB has a one year low of $79.66 and a one year high of $103.82. The company has a market capitalization of $33,141.53, a price-to-earnings ratio of 12.84, a P/E/G ratio of 1.59 and a beta of 0.51.
Fomento Economico Mexicano SAB 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.
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