Windward Capital Management Co. CA reduced its position in shares of Fomento Economico Mexicano SAB (NYSE:FMX) by 0.5% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 33,063 shares of the company’s stock after selling 160 shares during the period. Windward Capital Management Co. CA’s holdings in Fomento Economico Mexicano SAB were worth $3,043,000 as of its most recent filing with the SEC.

Other hedge funds have also recently made changes to their positions in the company. Seven Eight Capital LLC increased its stake in Fomento Economico Mexicano SAB by 133.3% in the first quarter. Seven Eight Capital LLC now owns 2,100 shares of the company’s stock valued at $202,000 after buying an additional 1,200 shares in the last quarter. Rhumbline Advisers increased its stake in Fomento Economico Mexicano SAB by 0.6% in the second quarter. Rhumbline Advisers now owns 2,332 shares of the company’s stock valued at $216,000 after buying an additional 13 shares in the last quarter. Daiwa Securities Group Inc. increased its stake in Fomento Economico Mexicano SAB by 14.6% in the second quarter. Daiwa Securities Group Inc. now owns 2,350 shares of the company’s stock valued at $217,000 after buying an additional 300 shares in the last quarter. Quantbot Technologies LP bought a new stake in Fomento Economico Mexicano SAB during the second quarter valued at approximately $231,000. Finally, BTC Capital Management Inc. increased its stake in Fomento Economico Mexicano SAB by 9.9% in the second quarter. BTC Capital Management Inc. now owns 2,661 shares of the company’s stock valued at $246,000 after buying an additional 239 shares in the last quarter. 21.97% of the stock is owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Fomento Economico Mexicano SAB (NYSE:FMX)

Shares of Fomento Economico Mexicano SAB (NYSE:FMX) traded down 1.34% during trading on Wednesday, hitting $78.05. The stock had a trading volume of 577,320 shares. The firm has a market cap of $27.93 billion, a P/E ratio of 28.69 and a beta of 0.77. The firm’s 50-day moving average is $89.62 and its 200-day moving average is $91.26. Fomento Economico Mexicano SAB has a one year low of $77.37 and a one year high of $100.57.

ILLEGAL ACTIVITY NOTICE: “Fomento Economico Mexicano SAB (FMX) Stake Reduced by Windward Capital Management Co. CA” was first reported by Daily Political and is the sole property of of Daily Political. If you are reading this piece of content on another publication, it was illegally copied and republished in violation of international trademark and copyright law. The legal version of this piece of content can be viewed at http://www.dailypolitical.com/2016/11/30/fomento-economico-mexicano-sab-fmx-stake-reduced-by-windward-capital-management-co-ca.html.

Several research firms have commented on FMX. Stifel Nicolaus began coverage on Fomento Economico Mexicano SAB in a research note on Tuesday, November 22nd. They set a “buy” rating for the company. Zacks Investment Research raised Fomento Economico Mexicano SAB from a “sell” rating to a “hold” rating in a research note on Thursday, November 10th. Finally, HSBC raised Fomento Economico Mexicano SAB from a “hold” rating to a “buy” rating in a research note on Wednesday, August 10th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $106.33.

Fomento Economico Mexicano SAB Company Profile

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.

5 Day Chart for NYSE:FMX

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.