Fomento Economico Mexicano SAB (FMX) Shares Bought by Zevin Asset Management LLC

Zevin Asset Management LLC raised its position in shares of Fomento Economico Mexicano SAB (NYSE:FMX) by 15.1% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 18,935 shares of the company’s stock after purchasing an additional 2,485 shares during the quarter. Zevin Asset Management LLC’s holdings in Fomento Economico Mexicano SAB were worth $1,778,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FMX. ClariVest Asset Management LLC boosted its holdings in shares of Fomento Economico Mexicano SAB by 5.1% in the 3rd quarter. ClariVest Asset Management LLC now owns 57,993 shares of the company’s stock worth $5,540,000 after purchasing an additional 2,800 shares during the period. Gluskin Sheff & Assoc Inc. boosted its holdings in shares of Fomento Economico Mexicano SAB by 2.9% in the 3rd quarter. Gluskin Sheff & Assoc Inc. now owns 88,580 shares of the company’s stock worth $8,462,000 after purchasing an additional 2,480 shares during the period. Harding Loevner LP boosted its holdings in shares of Fomento Economico Mexicano SAB by 0.9% in the 3rd quarter. Harding Loevner LP now owns 1,008,431 shares of the company’s stock worth $96,335,000 after purchasing an additional 8,585 shares during the period. Bamco Inc. NY boosted its holdings in shares of Fomento Economico Mexicano SAB by 11.6% in the 3rd quarter. Bamco Inc. NY now owns 442,932 shares of the company’s stock worth $42,313,000 after purchasing an additional 45,938 shares during the period. Finally, Atlantic Trust Group LLC purchased a new position in shares of Fomento Economico Mexicano SAB in the 3rd quarter worth approximately $2,689,000. Institutional investors and hedge funds own 21.22% of the company’s stock.

Shares of Fomento Economico Mexicano SAB (NYSE:FMX) traded down $1.68 during mid-day trading on Monday, hitting $96.35. The company had a trading volume of 19,639 shares, compared to its average volume of 388,629. Fomento Economico Mexicano SAB has a 52-week low of $76.33 and a 52-week high of $103.82. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.88 and a quick ratio of 1.55. The company has a market cap of $35,077.35, a price-to-earnings ratio of 13.79, a P/E/G ratio of 1.69 and a beta of 0.51.

FMX has been the subject of a number of recent research reports. Credit Suisse Group cut Fomento Economico Mexicano SAB from an “outperform” rating to a “neutral” rating in a report on Wednesday, December 20th. Barclays dropped their target price on Fomento Economico Mexicano SAB from $115.00 to $114.00 and set an “overweight” rating for the company in a report on Wednesday, October 11th. ValuEngine upgraded Fomento Economico Mexicano SAB from a “hold” rating to a “buy” rating in a report on Thursday, December 14th. Finally, Zacks Investment Research upgraded Fomento Economico Mexicano SAB from a “sell” rating to a “hold” rating in a report on Tuesday, November 14th. Three investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $114.40.

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About Fomento Economico Mexicano SAB

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 SAB (NYSE:FMX)

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