NS Partners Ltd Raises Stake in Fomento Economico Mexicano SAB (FMX)
NS Partners Ltd grew its position in Fomento Economico Mexicano SAB (NYSE:FMX) by 3.6% during the first quarter, HoldingsChannel reports. The firm owned 43,483 shares of the company’s stock after buying an additional 1,500 shares during the quarter. NS Partners Ltd’s holdings in Fomento Economico Mexicano SAB were worth $4,013,000 as of its most recent SEC filing.
Several other institutional investors have also recently modified their holdings of FMX. Atlas Capital Advisors LLC bought a new stake in shares of Fomento Economico Mexicano SAB in the first quarter valued at about $29,000. Avestar Capital LLC lifted its holdings in shares of Fomento Economico Mexicano SAB by 4,235.3% in the fourth quarter. Avestar Capital LLC now owns 737 shares of the company’s stock valued at $44,000 after purchasing an additional 720 shares in the last quarter. YorkBridge Wealth Partners LLC bought a new stake in shares of Fomento Economico Mexicano SAB in the fourth quarter valued at about $136,000. Advisor Group Inc. raised its holdings in Fomento Economico Mexicano SAB by 232.0% during the fourth quarter. Advisor Group Inc. now owns 1,743 shares of the company’s stock worth $150,000 after acquiring an additional 1,218 shares in the last quarter. Finally, Quadrant Capital Group LLC raised its holdings in Fomento Economico Mexicano SAB by 6.7% during the first quarter. Quadrant Capital Group LLC now owns 2,009 shares of the company’s stock worth $181,000 after acquiring an additional 127 shares in the last quarter. Institutional investors own 21.02% of the company’s stock.
Several analysts recently issued reports on FMX shares. Santander lowered Fomento Economico Mexicano SAB from a “hold” rating to an “underperform” rating in a report on Monday, February 25th. ValuEngine lowered Fomento Economico Mexicano SAB from a “buy” rating to a “hold” rating in a report on Wednesday, January 30th. Finally, Barclays reiterated a “buy” rating and set a $100.00 target price on shares of Fomento Economico Mexicano SAB in a report on Thursday, January 24th. Two analysts have rated the stock with a sell rating and five have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $100.00.
Fomento Economico Mexicano SAB (NYSE:FMX) last released its earnings results on Wednesday, February 27th. The company reported $1.33 earnings per share (EPS) for the quarter. Fomento Economico Mexicano SAB had a return on equity of 7.87% and a net margin of 5.40%. The business had revenue of $6.32 billion for the quarter. Equities research analysts predict that Fomento Economico Mexicano SAB will post 3.9 EPS for the current year.
The business also recently announced a Semi-Annual dividend, which was paid on Friday, May 17th. Investors of record on Monday, May 6th were issued a dividend of $0.756 per share. The ex-dividend date was Friday, May 3rd. This represents a yield of 1.61%. Fomento Economico Mexicano SAB’s payout ratio is presently 43.19%.
TRADEMARK VIOLATION WARNING: This report was first published by TheOlympiaReport and is owned by of TheOlympiaReport. If you are reading this report on another website, it was illegally stolen and reposted in violation of United States and international trademark and copyright laws. The legal version of this report can be read at https://theolympiareport.com/2019/05/23/ns-partners-ltd-raises-stake-in-fomento-economico-mexicano-sab-fmx.html.
About Fomento Economico Mexicano SAB
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, including sparkling beverages; and waters, juices, coffee, tea, sports and energy drinks, and dairy and plant-based protein beverages.
Read More: Understanding Price to Earnings Ratio (PE)
Want to see what other hedge funds are holding FMX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fomento Economico Mexicano SAB (NYSE:FMX).
Receive News & Ratings for Fomento Economico Mexicano SAB Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fomento Economico Mexicano SAB and related companies with MarketBeat.com's FREE daily email newsletter.