Forward Management LLC raised its holdings in shares of Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX) by 18.7% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 13,353 shares of the company’s stock after buying an additional 2,108 shares during the period. Forward Management LLC’s holdings in Fomento Economico Mexicano S.A.B. de C.V. were worth $1,277,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of FMX. Permit Capital LLC boosted its holdings in Fomento Economico Mexicano S.A.B. de C.V. by 12.8% during the second quarter. Permit Capital LLC now owns 1,100 shares of the company’s stock worth $109,000 after buying an additional 125 shares in the last quarter. Intrust Bank NA acquired a new position in Fomento Economico Mexicano S.A.B. de C.V. in the 2nd quarter worth approximately $200,000. OxFORD Asset Management LLP acquired a new position in Fomento Economico Mexicano S.A.B. de C.V. in the 2nd quarter worth approximately $201,000. Laurel Wealth Advisors Inc. acquired a new position in Fomento Economico Mexicano S.A.B. de C.V. in the 2nd quarter worth approximately $202,000. Finally, Quantum Capital Management acquired a new position in Fomento Economico Mexicano S.A.B. de C.V. in the 2nd quarter worth approximately $206,000. Hedge funds and other institutional investors own 21.68% of the company’s stock.

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Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX) traded up $1.35 during trading on Monday, hitting $87.13. 146,994 shares of the stock were exchanged, compared to its average volume of 481,368. The company has a market cap of $30,694.02, a P/E ratio of 12.06, a P/E/G ratio of 1.68 and a beta of 0.52. 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 S.A.B. de C.V. has a fifty-two week low of $73.45 and a fifty-two week 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 issued a dividend of $0.6759 per share. The ex-dividend date is Friday, November 3rd. This represents a dividend yield of 1.52%. Fomento Economico Mexicano S.A.B. de C.V.’s dividend payout ratio is currently 18.99%.

FMX has been the subject of a number of recent analyst reports. 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 price objective for the company in a research note on Friday, July 14th. Morgan Stanley began coverage on shares of Fomento Economico Mexicano S.A.B. de C.V. in a research report on Thursday, September 14th. They issued an “overweight” rating and a $120.00 target price for the company. BidaskClub downgraded shares of Fomento Economico Mexicano S.A.B. de C.V. from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 28th. Finally, Gabelli began coverage on shares of Fomento Economico Mexicano S.A.B. de C.V. in a research report on Monday, July 17th. They issued a “buy” rating and a $112.00 target price for the company. One analyst has rated the stock with a sell rating, one has issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $114.40.

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.

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

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