Van ECK Associates Corp decreased its holdings in Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX) by 1.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 253,440 shares of the company’s stock after selling 3,600 shares during the period. Van ECK Associates Corp owned about 0.07% of Fomento Economico Mexicano worth $24,211,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also bought and sold shares of the business. Ronald Blue & Co. LLC grew its stake in shares of Fomento Economico Mexicano by 0.6% in the second quarter. Ronald Blue & Co. LLC now owns 3,990 shares of the company’s stock worth $392,000 after acquiring an additional 23 shares in the last quarter. Oppenheimer Asset Management Inc. grew its stake in shares of Fomento Economico Mexicano by 0.8% during the second quarter. Oppenheimer Asset Management Inc. now owns 9,372 shares of the company’s stock worth $922,000 after purchasing an additional 76 shares in the last quarter. Zevin Asset Management LLC grew its stake in shares of Fomento Economico Mexicano by 0.7% during the second quarter. Zevin Asset Management LLC now owns 16,080 shares of the company’s stock worth $1,581,000 after purchasing an additional 115 shares in the last quarter. Permit Capital LLC grew its stake in shares of Fomento Economico Mexicano by 12.8% during the second quarter. Permit Capital LLC now owns 1,100 shares of the company’s stock worth $109,000 after purchasing an additional 125 shares in the last quarter. Finally, Baker Ellis Asset Management LLC grew its stake in shares of Fomento Economico Mexicano by 0.3% during the second quarter. Baker Ellis Asset Management LLC now owns 47,422 shares of the company’s stock worth $4,663,000 after purchasing an additional 125 shares in the last quarter. Institutional investors and hedge funds own 21.58% of the company’s stock.

Fomento Economico Mexicano S.A.B. de C.V. (FMX) opened at $90.43 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.55 and a current ratio of 1.88. The company has a market cap of $32,357.93, a price-to-earnings ratio of 12.72, a P/E/G ratio of 1.79 and a beta of 0.52. Fomento Economico Mexicano S.A.B. de C.V. has a 12 month low of $73.45 and a 12 month high of $103.82.

The company also recently announced a semiannual dividend, which was paid on Monday, November 13th. Investors of record on Monday, November 6th were paid a dividend of $0.6759 per share. The ex-dividend date was Friday, November 3rd. This represents a dividend yield of 1.52%. Fomento Economico Mexicano’s payout ratio is currently 18.99%.

A number of equities analysts recently commented on FMX shares. Morgan Stanley started coverage on shares of Fomento Economico Mexicano in a research note on Thursday, September 14th. They set an “overweight” rating and a $120.00 target price for the company. Zacks Investment Research downgraded shares of Fomento Economico Mexicano from a “buy” rating to a “hold” rating in a research note on Tuesday, September 12th. BidaskClub upgraded shares of Fomento Economico Mexicano from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 22nd. Finally, Barclays PLC lowered their target price on shares of Fomento Economico Mexicano from $115.00 to $114.00 and set an “overweight” rating for the company in a research note on Wednesday, October 11th. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. Fomento Economico Mexicano currently has a consensus rating of “Buy” and an average price target of $114.40.

ILLEGAL ACTIVITY NOTICE: This piece was first posted by Watch List News and is the property of of Watch List News. If you are accessing this piece on another website, it was illegally stolen and republished in violation of international trademark & copyright laws. The legal version of this piece can be viewed at https://www.watchlistnews.com/van-eck-associates-corp-reduces-holdings-in-fomento-economico-mexicano-s-a-b-de-c-v-fmx/1727306.html.

Fomento Economico Mexicano 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 (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.