Fomento Economico Mexicano SAB (NYSE:FMX) shares saw an uptick in trading volume on Thursday . 378,929 shares were traded during mid-day trading, a decline of 12% from the previous session’s volume of 429,624 shares.The stock last traded at $87.94 and had previously closed at $88.42.

Several research firms have issued reports on FMX. Citigroup Inc. upgraded shares of Fomento Economico Mexicano SAB from a “neutral” rating to a “buy” rating and upped their price objective for the company from $102.00 to $110.00 in a research note on Friday, April 29th. Zacks Investment Research upgraded shares of Fomento Economico Mexicano SAB from a “sell” rating to a “hold” rating in a research note on Wednesday, May 4th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $110.33.

The firm has a market capitalization of $32.17 billion and a price-to-earnings ratio of 34.58. The company’s 50 day moving average price is $90.64 and its 200 day moving average price is $91.45.

Several institutional investors have modified their holdings of the stock. AMG National Trust Bank increased its position in shares of Fomento Economico Mexicano SAB by 0.6% in the fourth quarter. AMG National Trust Bank now owns 12,765 shares of the company’s stock worth $1,179,000 after buying an additional 71 shares in the last quarter. World Asset Management Inc increased its position in shares of Fomento Economico Mexicano SAB by 2.4% in the fourth quarter. World Asset Management Inc now owns 11,463 shares of the company’s stock worth $1,059,000 after buying an additional 264 shares in the last quarter. Advisors Asset Management Inc. increased its position in shares of Fomento Economico Mexicano SAB by 5.2% in the fourth quarter. Advisors Asset Management Inc. now owns 13,166 shares of the company’s stock worth $1,216,000 after buying an additional 656 shares in the last quarter. US Bancorp DE increased its position in shares of Fomento Economico Mexicano SAB by 8.8% in the fourth quarter. US Bancorp DE now owns 11,995 shares of the company’s stock worth $1,108,000 after buying an additional 968 shares in the last quarter. Finally, Nationwide Fund Advisors increased its position in shares of Fomento Economico Mexicano SAB by 2.9% in the fourth quarter. Nationwide Fund Advisors now owns 68,131 shares of the company’s stock worth $6,292,000 after buying an additional 1,898 shares in the last quarter.

Fomento Economico Mexicano, SAB. de C.V. (FEMSA) is a holding company. The Company conducts its operations through principal holding companies, each of which it refers to as a principal sub-holding company. These companies are Coca-Cola FEMSA, SAB. de C.V. (Coca-Cola FEMSA), which engages in the production, distribution and marketing of beverages, and FEMSA Comercio, SA de C.V.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.