Fomento Economico Mexicano SAB (NYSE:FMX) shares saw an uptick in trading volume on Friday . 372,326 shares traded hands during trading, a decline of 16% from the previous session’s volume of 442,560 shares.The stock last traded at $91.76 and had previously closed at $91.00.

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

The company has a market capitalization of $32.70 billion and a P/E ratio of 35.02. The firm has a 50-day moving average of $90.91 and a 200 day moving average of $91.34.

Several large investors recently modified their holdings of the company. WBI Investments Inc. bought a new stake in shares of Fomento Economico Mexicano SAB during the fourth quarter valued at approximately $4,498,000. US Bancorp DE raised its stake in Fomento Economico Mexicano SAB by 8.8% in the fourth quarter. US Bancorp DE now owns 11,995 shares of the company’s stock valued at $1,108,000 after buying an additional 968 shares in the last quarter. Advisors Asset Management Inc. raised its stake in 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 valued at $1,216,000 after buying an additional 656 shares in the last quarter. Thornburg Investment Management Inc. raised its stake in Fomento Economico Mexicano SAB by 31.7% in the fourth quarter. Thornburg Investment Management Inc. now owns 415,955 shares of the company’s stock valued at $38,414,000 after buying an additional 100,207 shares in the last quarter. Finally, Azimuth Capital Management LLC raised its stake in Fomento Economico Mexicano SAB by 102.4% in the fourth quarter. Azimuth Capital Management LLC now owns 45,160 shares of the company’s stock valued at $4,171,000 after buying an additional 22,850 shares in the last quarter.

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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