Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) Shares Sold by One Wealth Advisors LLC

One Wealth Advisors LLC reduced its position in shares of Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) by 25.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 5,072 shares of the company’s stock after selling 1,720 shares during the quarter. One Wealth Advisors LLC’s holdings in Fomento Económico Mexicano were worth $434,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Baillie Gifford & Co. increased its holdings in shares of Fomento Económico Mexicano by 10.8% during the 3rd quarter. Baillie Gifford & Co. now owns 4,306,739 shares of the company’s stock worth $425,118,000 after buying an additional 421,057 shares during the last quarter. Perpetual Ltd grew its position in Fomento Económico Mexicano by 23.8% in the fourth quarter. Perpetual Ltd now owns 924,669 shares of the company’s stock worth $79,050,000 after acquiring an additional 177,843 shares during the period. Robeco Institutional Asset Management B.V. increased its stake in Fomento Económico Mexicano by 12.8% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 654,778 shares of the company’s stock worth $55,977,000 after acquiring an additional 74,082 shares during the last quarter. FMR LLC raised its position in Fomento Económico Mexicano by 5.3% in the third quarter. FMR LLC now owns 491,582 shares of the company’s stock valued at $48,524,000 after purchasing an additional 24,537 shares during the period. Finally, Carrhae Capital LLP lifted its stake in shares of Fomento Económico Mexicano by 46.0% in the 3rd quarter. Carrhae Capital LLP now owns 440,036 shares of the company’s stock valued at $43,436,000 after purchasing an additional 138,540 shares during the last quarter. 61.00% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on FMX. The Goldman Sachs Group cut their price objective on Fomento Económico Mexicano from $109.00 to $97.80 and set a “buy” rating for the company in a research report on Tuesday, January 28th. Barclays downgraded shares of Fomento Económico Mexicano from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, January 21st. Finally, StockNews.com raised shares of Fomento Económico Mexicano from a “hold” rating to a “buy” rating in a research report on Wednesday, November 6th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Fomento Económico Mexicano presently has a consensus rating of “Moderate Buy” and a consensus target price of $119.20.

Fomento Económico Mexicano Stock Down 2.3 %

Shares of FMX opened at $85.29 on Monday. The company’s 50-day simple moving average is $86.26 and its 200-day simple moving average is $96.49. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.32 and a current ratio of 1.62. Fomento Económico Mexicano, S.A.B. de C.V. has a 1 year low of $81.07 and a 1 year high of $143.43. The stock has a market capitalization of $30.52 billion, a PE ratio of 21.87, a P/E/G ratio of 4.92 and a beta of 0.90.

Fomento Económico Mexicano Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, January 17th were given a $0.9201 dividend. The ex-dividend date of this dividend was Friday, January 17th. This is a boost from Fomento Económico Mexicano’s previous dividend of $0.74. Fomento Económico Mexicano’s dividend payout ratio (DPR) is currently 11.79%.

About Fomento Económico Mexicano

Fomento Económico Mexicano, SAB. de C.V., through its subsidiaries, operates as a bottler of Coca-Cola trademark beverages. The company produces, markets, and distributes Coca-Cola trademark beverages in Mexico, Guatemala, Nicaragua, Costa Rica, Panama, Colombia, Venezuela, Brazil, Argentina, and Uruguay.