Orion Portfolio Solutions LLC Lowers Holdings in Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX)

Orion Portfolio Solutions LLC lowered its position in Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMXFree Report) by 22.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,972 shares of the company’s stock after selling 1,735 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Fomento Económico Mexicano were worth $767,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Headlands Technologies LLC lifted its stake in Fomento Económico Mexicano by 448.6% in the fourth quarter. Headlands Technologies LLC now owns 203 shares of the company’s stock worth $26,000 after acquiring an additional 166 shares during the last quarter. Operose Advisors LLC purchased a new position in Fomento Económico Mexicano in the third quarter worth approximately $29,000. Van ECK Associates Corp lifted its stake in Fomento Económico Mexicano by 48.6% in the fourth quarter. Van ECK Associates Corp now owns 318 shares of the company’s stock worth $41,000 after acquiring an additional 104 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in Fomento Económico Mexicano by 6.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,174 shares of the company’s stock worth $153,000 after acquiring an additional 72 shares during the last quarter. Finally, Systematic Alpha Investments LLC purchased a new position in Fomento Económico Mexicano in the third quarter worth approximately $147,000.

Fomento Económico Mexicano Stock Up 5.3 %

Shares of Fomento Económico Mexicano stock opened at $111.41 on Wednesday. The firm’s fifty day simple moving average is $120.63 and its 200-day simple moving average is $126.57. Fomento Económico Mexicano, S.A.B. de C.V. has a 12 month low of $99.24 and a 12 month high of $143.43. The company has a quick ratio of 1.63, a current ratio of 1.95 and a debt-to-equity ratio of 0.34.

Fomento Económico Mexicano (NYSE:FMXGet Free Report) last announced its earnings results on Friday, April 26th. The company reported $0.47 EPS for the quarter. The business had revenue of $10.76 billion for the quarter. Fomento Económico Mexicano had a net margin of 2.91% and a return on equity of 8.20%. As a group, analysts anticipate that Fomento Económico Mexicano, S.A.B. de C.V. will post 5.43 earnings per share for the current year.

Fomento Económico Mexicano Increases Dividend

The firm also recently announced an annual dividend, which was paid on Monday, April 29th. Stockholders of record on Wednesday, April 17th were issued a $1.115 dividend. This represents a dividend yield of 0.87%. This is a boost from Fomento Económico Mexicano’s previous annual dividend of $0.74. The ex-dividend date of this dividend was Tuesday, April 16th. Fomento Económico Mexicano’s payout ratio is presently 16.80%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on FMX shares. StockNews.com downgraded shares of Fomento Económico Mexicano from a “buy” rating to a “hold” rating in a research note on Monday, February 26th. HSBC upgraded shares of Fomento Económico Mexicano from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $124.00 to $152.00 in a research report on Friday, February 9th. Finally, Bank of America restated a “neutral” rating on shares of Fomento Económico Mexicano in a research report on Monday, February 26th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $135.75.

Check Out Our Latest Stock Report on FMX

About Fomento Económico Mexicano

(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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