Oppenheimerfunds, Inc. Sold A Little More Fomento Economico Mexicano SAB De CV (FMX) Stock In The Last Quarter

Paola Ditto
Novembre 15, 2017

Further, margins at FEMSA Comercio's Retail division are likely to remain soft going forward. The company also provided a cautious sales outlook for fourth-quarter 2017 and 2018 backed by high inflation rates, upcoming presidential elections in Mexico and ongoing discussions to modernize trade.

FMX has been the subject of several other research reports. De C.V shares by 8,490 shares as of the end of the last quarter. They set a "buy" rating and a $112.00 price target for the company. J P Morgan Chase & Co raised shares of Fomento Economico Mexicano S.A.B.de C.V. from a "neutral" rating to an "overweight" rating and upped their price target for the company from $98.00 to $117.00 in a research report on Monday, October 2nd.

News coverage about Fomento Economico Mexicano S.A.B.de C.V. (NYSE:FMX) has trended somewhat positive this week, Accern Sentiment Analysis reports.

Equity analyst Barclays PLC lowered the price target on October 11 changing the price objective from $115.00 to $114.00 with a rating of "Overweight". One equities research analyst has rated the stock with a sell rating, one has given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company's stock. The company now has an average rating of "Buy" and a consensus price target of $114.40.

Shares of Fomento Economico Mexicano S.A.B.de C.V. (NYSE:FMX) traded down $0.79 during trading on Monday, hitting $86.03. The company's stock had a trading volume of 1,354,600 shares, compared to its average volume of 395,116. Schroder Investment Management Group boosted its holdings in shares of Fomento Economico Mexicano S.A.B.de C.V.by 5.1% during the 2nd quarter. The stock has a market cap of $29,210.00, a price-to-earnings ratio of 12.10, a price-to-earnings-growth ratio of 1.68 and a beta of 0.52.

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Here are a few institutional investors who have updated their positions. De C.V decreased from $19,282,000 to $16,070,000 a change of $3,212,000 since the last quarter. Its stake was worth $260,490,000 a decrease of $8,497,000 as of quarter end. William Blair Investment Management LLC now owns 1,087,301 shares of the company's stock valued at $106,925,000 after acquiring an additional 386,233 shares in the last quarter. Axiom International Investors LLC /DE grew its position by buying 9,263 shares an increase of 1.5%. Dimensional Fund Advisors Lp claims 1,851,754 shares with a value of $176,909,000.

Fomento Economico Mexicano, S.A.B.de C.V. (FEMSA), launched on May 12, 1936, is a holding company.

Fomento Economico Mexicano, SAB.de C.V. (FEMSA) is a holding company.

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