Gluskin Sheff & Assoc Inc. increased its position in shares of Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX) by 2.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 88,580 shares of the company’s stock after acquiring an additional 2,480 shares during the period. Gluskin Sheff & Assoc Inc.’s holdings in Fomento Economico Mexicano S.A.B. de C.V. were worth $8,462,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Legal & General Group Plc increased its holdings in Fomento Economico Mexicano S.A.B. de C.V. by 282.2% during the 1st quarter. Legal & General Group Plc now owns 10,564 shares of the company’s stock worth $936,000 after acquiring an additional 7,800 shares during the period. Harding Loevner LP increased its holdings in shares of Fomento Economico Mexicano S.A.B. de C.V. by 27.6% in the 2nd quarter. Harding Loevner LP now owns 999,846 shares of the company’s stock worth $98,325,000 after buying an additional 216,540 shares during the last quarter. APG Asset Management N.V. increased its holdings in shares of Fomento Economico Mexicano S.A.B. de C.V. by 14.1% in the 2nd quarter. APG Asset Management N.V. now owns 313,930 shares of the company’s stock worth $30,872,000 after buying an additional 38,900 shares during the last quarter. BT Investment Management Ltd bought a new position in shares of Fomento Economico Mexicano S.A.B. de C.V. in the 2nd quarter worth $7,306,000. Finally, Vanguard Group Inc. increased its holdings in shares of Fomento Economico Mexicano S.A.B. de C.V. by 13.3% in the 1st quarter. Vanguard Group Inc. now owns 156,624 shares of the company’s stock worth $13,864,000 after buying an additional 18,433 shares during the last quarter. 21.68% of the stock is currently owned by institutional investors and hedge funds.

FMX has been the topic of a number of research analyst reports. BidaskClub raised shares of Fomento Economico Mexicano S.A.B. de C.V. from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 12th. 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 target on the stock in a report on Friday, July 14th. Finally, Gabelli initiated coverage on shares of Fomento Economico Mexicano S.A.B. de C.V. in a report on Monday, July 17th. They issued a “buy” rating and a $112.00 price target on the stock. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Fomento Economico Mexicano S.A.B. de C.V. currently has a consensus rating of “Buy” and a consensus price target of $114.40.

Shares of Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX) traded up $1.35 during trading hours 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 price-to-earnings ratio of 12.06, a price-to-earnings-growth ratio of 1.68 and a beta of 0.52. 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. The company has a quick ratio of 1.55, a current ratio of 1.88 and a debt-to-equity ratio of 0.36.

The company also recently disclosed a semiannual dividend, which will be paid on Monday, November 13th. Investors of record on Monday, November 6th will be given a dividend of $0.6759 per share. The ex-dividend date of this dividend is Friday, November 3rd. This represents a yield of 1.52%. Fomento Economico Mexicano S.A.B. de C.V.’s payout ratio is 18.99%.

COPYRIGHT VIOLATION WARNING: “Gluskin Sheff & Assoc Inc. Has $8.46 Million Position in Fomento Economico Mexicano S.A.B. de C.V. (FMX)” was published by Watch List News and is the sole property of of Watch List News. If you are accessing this news story on another site, it was copied illegally and republished in violation of United States & international copyright law. The original version of this news story can be viewed at https://www.watchlistnews.com/gluskin-sheff-assoc-inc-has-8-46-million-position-in-fomento-economico-mexicano-s-a-b-de-c-v-fmx/1683419.html.

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.

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)

Receive News & Ratings for Fomento Economico Mexicano S.A.B. de C.V. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fomento Economico Mexicano S.A.B. de C.V. and related companies with Analyst Ratings Network's FREE daily email newsletter.