APG Asset Management N.V. Has $24.346 Million Position in Fomento Economico Mexicano SAB (FMX)

APG Asset Management N.V. Has $24.346 Million Position in Fomento Economico Mexicano SAB (FMX)

APG Asset Management N.V. lowered its stake in shares of Fomento Economico Mexicano SAB (NYSE:FMX) by 36.2% during the first quarter, according to its most recent filing with the SEC. The fund owned 275,030 shares of the company’s stock after selling 156,100 shares during the period. APG Asset Management N.V. owned approximately 0.08% of Fomento Economico Mexicano SAB worth $24,346,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in FMX. Howe & Rusling Inc. boosted its stake in shares of Fomento Economico Mexicano SAB by 288.4% in the first quarter. Howe & Rusling Inc. now owns 1,301 shares of the company’s stock valued at $115,000 after buying an additional 966 shares in the last quarter. Creative Planning boosted its stake in shares of Fomento Economico Mexicano SAB by 658.7% in the first quarter. Creative Planning now owns 2,534 shares of the company’s stock valued at $224,000 after buying an additional 2,200 shares in the last quarter. Dumac Inc. bought a new stake in shares of Fomento Economico Mexicano SAB during the fourth quarter valued at $221,000. Fox Run Management L.L.C. bought a new stake in shares of Fomento Economico Mexicano SAB during the first quarter valued at $257,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Fomento Economico Mexicano SAB during the fourth quarter valued at $284,000. Hedge funds and other institutional investors own 22.83% of the company’s stock.

Shares of Fomento Economico Mexicano SAB (NYSE:FMX) traded up 0.60% during midday trading on Friday, hitting $89.45. The stock had a trading volume of 267,623 shares. The stock’s 50 day moving average price is $90.57 and its 200 day moving average price is $83.89. Fomento Economico Mexicano SAB has a 12 month low of $73.45 and a 12 month high of $100.57. The firm has a market cap of $32.01 billion, a price-to-earnings ratio of 28.58 and a beta of 0.67.

Fomento Economico Mexicano SAB (NYSE:FMX) last posted its quarterly earnings data on Friday, April 28th. The company reported $0.49 EPS for the quarter, missing the consensus estimate of $0.62 by $0.13. Fomento Economico Mexicano SAB had a return on equity of 8.47% and a net margin of 5.72%. The company earned $5.42 billion during the quarter, compared to the consensus estimate of $5.75 billion. On average, equities analysts forecast that Fomento Economico Mexicano SAB will post $2.89 EPS for the current fiscal year.

The business also recently disclosed a semiannual dividend, which will be paid on Monday, May 15th. Stockholders of record on Thursday, May 4th will be paid a $0.687 dividend. The ex-dividend date is Tuesday, May 2nd. This represents a dividend yield of 1.51%. This is an increase from Fomento Economico Mexicano SAB’s previous semiannual dividend of $0.68. Fomento Economico Mexicano SAB’s dividend payout ratio (DPR) is 50.19%.

Several brokerages have recently weighed in on FMX. Barclays PLC decreased their price target on Fomento Economico Mexicano SAB from $106.00 to $92.00 and set an “overweight” rating on the stock in a research report on Monday, May 1st. Zacks Investment Research upgraded Fomento Economico Mexicano SAB from a “sell” rating to a “hold” rating in a research report on Thursday, March 2nd.

About Fomento Economico Mexicano SAB

Fomento Economico Mexicano, SAB. de C.V. (FEMSA) is a holding company. The Company’s segments are Coca-Cola FEMSA, FEMSA Comercio-Retail Division and FEMSA Comercio-Fuel Division. The Company conducts its operations through holding companies, such as Coca-Cola FEMSA, SAB. de C.V. and subsidiaries (Coca-Cola FEMSA), which produces, distributes and sells beverages; FEMSA Comercio, SA de C.V.

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