Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX) – Stock analysts at Gabelli decreased their FY2017 earnings per share (EPS) estimates for shares of Fomento Economico Mexicano S.A.B. de C.V. in a note issued to investors on Monday. Gabelli analyst D. Witkowski now forecasts that the company will earn $3.30 per share for the year, down from their previous forecast of $3.45. Gabelli currently has a “Buy” rating and a $112.00 target price on the stock. Gabelli also issued estimates for Fomento Economico Mexicano S.A.B. de C.V.’s FY2018 earnings at $4.25 EPS and FY2019 earnings at $5.15 EPS.

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A number of other analysts have also issued reports on the company. Zacks Investment Research upgraded Fomento Economico Mexicano S.A.B. de C.V. from a “hold” rating to a “buy” rating and set a $112.00 target price for the company in a report on Friday, July 14th. Morgan Stanley started coverage on Fomento Economico Mexicano S.A.B. de C.V. in a report on Thursday, September 14th. They issued an “overweight” rating and a $120.00 target price for the company. Finally, BidaskClub lowered Fomento Economico Mexicano S.A.B. de C.V. from a “strong-buy” rating to a “buy” rating in a report on Friday, July 28th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. The stock 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) opened at 87.75 on Tuesday. The stock has a market cap of $31.40 billion, a P/E ratio of 28.04 and a beta of 0.55. Fomento Economico Mexicano S.A.B. de C.V. has a 12 month low of $73.45 and a 12 month high of $103.82. The stock has a 50 day moving average price of $94.60 and a 200-day moving average price of $96.06.

The business also recently declared a semiannual dividend, which will be paid on Monday, November 13th. Stockholders of record on Monday, November 6th will be paid a $0.6759 dividend. This represents a dividend yield of 1.52%. The ex-dividend date is Friday, November 3rd. Fomento Economico Mexicano S.A.B. de C.V.’s dividend payout ratio (DPR) is presently 18.57%.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Ronald Blue & Co. LLC increased its stake in shares of Fomento Economico Mexicano S.A.B. de C.V. by 0.6% in the second quarter. Ronald Blue & Co. LLC now owns 3,990 shares of the company’s stock worth $392,000 after acquiring an additional 23 shares during the last quarter. Oppenheimer Asset Management Inc. increased its stake in shares of Fomento Economico Mexicano S.A.B. de C.V. by 0.8% in the second quarter. Oppenheimer Asset Management Inc. now owns 9,372 shares of the company’s stock worth $922,000 after acquiring an additional 76 shares during the last quarter. Zevin Asset Management LLC increased its stake in shares of Fomento Economico Mexicano S.A.B. de C.V. by 0.7% in the second quarter. Zevin Asset Management LLC now owns 16,080 shares of the company’s stock worth $1,581,000 after acquiring an additional 115 shares during the last quarter. Baker Ellis Asset Management LLC increased its stake in shares of Fomento Economico Mexicano S.A.B. de C.V. by 0.3% in the second quarter. Baker Ellis Asset Management LLC now owns 47,422 shares of the company’s stock worth $4,663,000 after acquiring an additional 125 shares during the last quarter. Finally, Permit Capital LLC increased its stake in shares of Fomento Economico Mexicano S.A.B. de C.V. by 12.8% in the second quarter. Permit Capital LLC now owns 1,100 shares of the company’s stock worth $109,000 after acquiring an additional 125 shares during the last quarter. 21.66% of the stock is currently owned by institutional investors and hedge funds.

About Fomento Economico Mexicano S.A.B. de C.V.

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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