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Oppenheimerfunds, Inc. Marginally Decreases Its Stake in Fomento Economico Mexicano SAB De CV (FMX) Last Quarter

Zacks Investment Research raised Fomento Economico Mexicano S.A.B.de C.V. from a "hold" rating to a "buy" rating and set a $109.00 price target on the stock in a research note on Wednesday, September 20th. FEMSA participates in the retail sector primarily through FEMSA Comercio. 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.

Several research analysts have weighed in on FMX shares. The value of the company's investment in Fomento Economico Mexicano S.A.B. They issued an "overweight" rating and a $120.00 target price on the stock. In the last earnings report the EPS was $6.73 with 8.64B shares now outstanding. Artisan Partners Limited Partnership boosted its holdings in shares of Fomento Economico Mexicano S.A.B.de C.V.by 5.8% during the 2nd quarter.

Morgan Stanley released a research note on FMX with a rating of "Overweight". Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of "Buy" and an average price target of $114.40. Fomento Economico Mexicano S.A.B.de C.V.'s dividend payout ratio is now 18.99%.

The company is so far trading up from yesterday's close of 86.99.

Trading was heavy with 1,355K shares changing hands on Monday. BidaskClub upgraded Fomento Economico Mexicano S.A.B.de C.V. from a "buy" rating to a "strong-buy" rating in a report on Tuesday, August 22nd. The most current P/E ratio is 13.04 and the market cap of the company is 29.47B.

COPYRIGHT VIOLATION NOTICE: This article was first posted by TrueBlueTribune and is the sole property of of TrueBlueTribune. If you are viewing this news story on another publication, it was illegally copied and republished in violation of USA & global copyright and trademark law. The original version of this news story can be read at https://stocknewstimes.com/2017/11/13/apg-asset-management-n-v-has-34-45-million-stake-in-fomento-economico-mexicano-s-a-b-de-c-v-fmx.html.

A few notable investment firms have updated their holdings. FIL Ltd now owns 2,363,219 shares of the company's stock valued at $232,399,000 after purchasing an additional 17,075 shares during the last quarter. As of the end of the quarter Axiom International Investors LLC /DE had bought 9,263 shares growing its stake by 1.5%. De C.V decreased from $199,990,000 to $176,909,000 decreasing 11.5% since the last quarter. Axiom International Investors LLC /DE added to its holdings by buying 9,263 shares an increase of 1.5% from 06/30/2017 to 09/30/2017. Sustainable Growth Advisers, Lp now controls 168,219 shares worth $16,070,000.

Oppenheimerfunds, Inc. reports that it lowered its investment in Fomento Economico Mexicano S.A.B.

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



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