Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) Shares Acquired by Whittier Trust Co. of Nevada Inc.

Whittier Trust Co. of Nevada Inc. boosted its holdings in Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) by 9.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,479 shares of the company’s stock after purchasing an additional 204 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in Fomento Económico Mexicano were worth $245,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of FMX. Park Place Capital Corp raised its holdings in shares of Fomento Económico Mexicano by 78.2% in the first quarter. Park Place Capital Corp now owns 221 shares of the company’s stock valued at $29,000 after buying an additional 97 shares during the last quarter. Oldfield Partners LLP lifted its position in Fomento Económico Mexicano by 0.8% during the 2nd quarter. Oldfield Partners LLP now owns 13,300 shares of the company’s stock worth $1,432,000 after acquiring an additional 100 shares during the period. EverSource Wealth Advisors LLC lifted its position in Fomento Económico Mexicano by 8.9% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,279 shares of the company’s stock worth $167,000 after acquiring an additional 105 shares during the period. Baker Ellis Asset Management LLC grew its stake in shares of Fomento Económico Mexicano by 0.3% in the 2nd quarter. Baker Ellis Asset Management LLC now owns 43,446 shares of the company’s stock valued at $4,677,000 after purchasing an additional 140 shares during the last quarter. Finally, Wealth Alliance increased its holdings in shares of Fomento Económico Mexicano by 4.4% in the second quarter. Wealth Alliance now owns 3,510 shares of the company’s stock valued at $378,000 after purchasing an additional 147 shares during the period.

Fomento Económico Mexicano Trading Down 0.3 %

Shares of FMX opened at $97.70 on Thursday. Fomento Económico Mexicano, S.A.B. de C.V. has a twelve month low of $95.84 and a twelve month high of $143.43. The company has a current ratio of 1.72, a quick ratio of 1.44 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $34.96 billion, a P/E ratio of 26.48, a PEG ratio of 5.60 and a beta of 0.94. The firm’s 50-day moving average is $101.97 and its two-hundred day moving average is $110.01.

Fomento Económico Mexicano (NYSE:FMX) last released its quarterly earnings results on Wednesday, July 24th. The company reported $1.87 earnings per share for the quarter. The business had revenue of $11.54 billion for the quarter. Fomento Económico Mexicano had a return on equity of 8.65% and a net margin of 3.75%. On average, research analysts predict that Fomento Económico Mexicano, S.A.B. de C.V. will post 5.41 earnings per share for the current fiscal year.

Fomento Económico Mexicano Cuts Dividend

The company also recently declared an annual dividend, which will be paid on Monday, October 28th. Stockholders of record on Wednesday, October 16th will be given a $0.864 dividend. This represents a dividend yield of 0.87%. The ex-dividend date of this dividend is Wednesday, October 16th. Fomento Económico Mexicano’s dividend payout ratio is currently 23.04%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. JPMorgan Chase & Co. lowered shares of Fomento Económico Mexicano from an “overweight” rating to a “neutral” rating and lifted their price objective for the company from $104.00 to $109.00 in a research report on Monday, September 23rd. StockNews.com upgraded shares of Fomento Económico Mexicano from a “hold” rating to a “buy” rating in a research note on Saturday, October 19th. Finally, Barclays reduced their price objective on shares of Fomento Económico Mexicano from $145.00 to $125.00 and set an “overweight” rating for the company in a research report on Monday, October 14th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $129.40.

Fomento Económico Mexicano Company Profile

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.