Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its holdings in shares of Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX - Free Report) by 8.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,842 shares of the company's stock after selling 2,493 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC's holdings in Fomento Económico Mexicano were worth $2,380,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Wells Fargo & Company MN boosted its holdings in shares of Fomento Económico Mexicano by 17.0% during the 4th quarter. Wells Fargo & Company MN now owns 28,135 shares of the company's stock worth $2,405,000 after purchasing an additional 4,096 shares during the last quarter. American Century Companies Inc. lifted its position in Fomento Económico Mexicano by 1.9% during the fourth quarter. American Century Companies Inc. now owns 250,188 shares of the company's stock worth $21,389,000 after buying an additional 4,674 shares in the last quarter. Franklin Resources Inc. boosted its stake in Fomento Económico Mexicano by 4.2% during the fourth quarter. Franklin Resources Inc. now owns 3,117 shares of the company's stock worth $266,000 after buying an additional 125 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Fomento Económico Mexicano during the fourth quarter worth $813,000. Finally, Arrowstreet Capital Limited Partnership grew its holdings in Fomento Económico Mexicano by 77.5% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 728,253 shares of the company's stock valued at $62,258,000 after buying an additional 317,887 shares in the last quarter. Institutional investors and hedge funds own 61.00% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on FMX shares. Barclays lifted their price target on Fomento Económico Mexicano from $102.00 to $108.00 and gave the stock an "equal weight" rating in a report on Monday, May 12th. Itau BBA Securities upgraded shares of Fomento Económico Mexicano from a "market perform" rating to an "outperform" rating in a research report on Monday, April 7th. UBS Group boosted their target price on shares of Fomento Económico Mexicano from $107.00 to $112.00 and gave the company a "neutral" rating in a report on Thursday, May 15th. Finally, Wall Street Zen cut shares of Fomento Económico Mexicano from a "buy" rating to a "hold" rating in a research note on Wednesday, April 30th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Fomento Económico Mexicano presently has a consensus rating of "Hold" and a consensus price target of $106.70.

Fomento Económico Mexicano Trading Up 0.7%

Shares of NYSE:FMX traded up $0.73 during midday trading on Tuesday, reaching $105.50. 408,099 shares of the company's stock were exchanged, compared to its average volume of 608,003. The stock has a market cap of $37.75 billion, a price-to-earnings ratio of 27.05, a P/E/G ratio of 5.26 and a beta of 0.67. Fomento Económico Mexicano, S.A.B. de C.V. has a fifty-two week low of $81.08 and a fifty-two week high of $119.18. The firm's 50 day simple moving average is $103.30 and its two-hundred day simple moving average is $94.54. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.62 and a quick ratio of 1.32.

Fomento Económico Mexicano (NYSE:FMX - Get Free Report) last posted its earnings results on Monday, April 28th. The company reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.07). Fomento Económico Mexicano had a net margin of 3.22% and a return on equity of 8.37%. The company had revenue of $9.65 billion during the quarter, compared to analyst estimates of $194.75 billion. As a group, sell-side analysts forecast that Fomento Económico Mexicano, S.A.B. de C.V. will post 5.32 EPS for the current fiscal year.

Fomento Económico Mexicano Increases Dividend

The firm also recently declared a dividend, which was paid on Monday, May 5th. Shareholders of record on Friday, April 25th were paid a dividend of $1.628 per share. The ex-dividend date was Thursday, April 24th. This is a positive change from Fomento Económico Mexicano's previous dividend of $0.92. This represents a yield of 1.57%. Fomento Económico Mexicano's dividend payout ratio is 11.41%.

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.