Claro Advisors LLC Makes New $239,000 Investment in Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX)

Claro Advisors LLC purchased a new stake in shares of Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMXFree Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 1,831 shares of the company’s stock, valued at approximately $239,000.

Other large investors have also recently made changes to their positions in the company. Advisory Services Network LLC boosted its holdings in Fomento Económico Mexicano by 44.3% during the 1st quarter. Advisory Services Network LLC now owns 342 shares of the company’s stock valued at $33,000 after acquiring an additional 105 shares during the period. Blue Trust Inc. lifted its position in Fomento Económico Mexicano by 4.0% in the fourth quarter. Blue Trust Inc. now owns 2,855 shares of the company’s stock valued at $372,000 after purchasing an additional 109 shares during the last quarter. River Road Asset Management LLC lifted its position in Fomento Económico Mexicano by 5.3% in the third quarter. River Road Asset Management LLC now owns 2,305 shares of the company’s stock valued at $252,000 after purchasing an additional 115 shares during the last quarter. First Horizon Advisors Inc. boosted its stake in shares of Fomento Económico Mexicano by 14.3% during the first quarter. First Horizon Advisors Inc. now owns 1,052 shares of the company’s stock valued at $100,000 after purchasing an additional 132 shares during the period. Finally, Kestra Advisory Services LLC grew its holdings in shares of Fomento Económico Mexicano by 6.0% in the third quarter. Kestra Advisory Services LLC now owns 2,495 shares of the company’s stock worth $272,000 after purchasing an additional 142 shares during the last quarter.

Fomento Económico Mexicano Price Performance

Shares of FMX opened at $128.36 on Wednesday. The company has a 50-day simple moving average of $130.96 and a two-hundred day simple moving average of $123.71. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.60 and a current ratio of 1.91. Fomento Económico Mexicano, S.A.B. de C.V. has a one year low of $91.71 and a one year high of $143.43.

Fomento Económico Mexicano (NYSE:FMXGet Free Report) last announced its earnings results on Friday, February 23rd. The company reported $1.07 earnings per share (EPS) for the quarter. The firm had revenue of $11.23 billion during the quarter, compared to analyst estimates of $11.21 billion. Fomento Económico Mexicano had a return on equity of 9.63% and a net margin of 8.53%. Research analysts anticipate that Fomento Económico Mexicano, S.A.B. de C.V. will post 5.7 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on FMX shares. StockNews.com lowered shares of Fomento Económico Mexicano from a “buy” rating to a “hold” rating in a report on Monday, February 26th. UBS Group cut Fomento Económico Mexicano from a “buy” rating to a “neutral” rating in a research note on Friday, January 12th. Citigroup initiated coverage on Fomento Económico Mexicano in a research report on Thursday, December 7th. They set a “neutral” rating and a $134.00 price target for the company. Bank of America reiterated a “neutral” rating on shares of Fomento Económico Mexicano in a research report on Monday, February 26th. Finally, HSBC raised Fomento Económico Mexicano from a “hold” rating to a “buy” rating and boosted their target price for the company from $124.00 to $152.00 in a research note on Friday, February 9th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $135.75.

Check Out Our Latest Stock Report on Fomento Económico Mexicano

Fomento Económico Mexicano Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Fomento Económico Mexicano (NYSE:FMX)

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