Jarislowsky Fraser LTD Has Upped Its Fomento Econ.Mexicano Sab De Cv Adr (FMX) Stake by $879,036; As Amazon Com (AMZN) Share Price Rose, Shareholder Sigma Investment Counselors Has Cut by $659,316 Its Position

April 18, 2018 - By Ellis Scott

Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) Logo

Sigma Investment Counselors Inc decreased its stake in Amazon Com Inc (AMZN) by 6.69% based on its latest 2017Q4 regulatory filing with the SEC. Sigma Investment Counselors Inc sold 564 shares as the company’s stock rose 28.13% while stock markets declined. The institutional investor held 7,867 shares of the consumer services company at the end of 2017Q4, valued at $9.20M, down from 8,431 at the end of the previous reported quarter. Sigma Investment Counselors Inc who had been investing in Amazon Com Inc for a number of months, seems to be less bullish one the $741.38 billion market cap company. The stock increased 1.84% or $27.6006 during the last trading session, reaching $1531.4305. About 3.28 million shares traded. Amazon.com, Inc. (NASDAQ:AMZN) has risen 76.78% since April 18, 2017 and is uptrending. It has outperformed by 65.23% the S&P500.

Jarislowsky Fraser Ltd increased its stake in Fomento Econ.Mexicano Sab De Cv Adr (FMX) by 2.88% based on its latest 2017Q4 regulatory filing with the SEC. Jarislowsky Fraser Ltd bought 9,452 shares as the company’s stock declined 1.98% with the market. The institutional investor held 337,961 shares of the beverages (production and distribution) company at the end of 2017Q4, valued at $31.73 million, up from 328,509 at the end of the previous reported quarter. Jarislowsky Fraser Ltd who had been investing in Fomento Econ.Mexicano Sab De Cv Adr for a number of months, seems to be bullish on the $20.50 billion market cap company. The stock decreased 0.43% or $0.42 during the last trading session, reaching $98.21. About 307,818 shares traded. Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) has declined 2.35% since April 18, 2017 and is downtrending. It has underperformed by 13.90% the S&P500.

Jarislowsky Fraser Ltd, which manages about $33.95B and $17.19 billion US Long portfolio, decreased its stake in Cae Inc. (NYSE:CAE) by 134,600 shares to 12.34 million shares, valued at $229.94 million in 2017Q4, according to the filing. It also reduced its holding in Stantec Inc (NYSE:STN) by 35,625 shares in the quarter, leaving it with 10.25M shares, and cut its stake in Canadian Imperial Bank Of Commerce (NYSE:CM).

Among 6 analysts covering Fomento Economico Mexicano SAB (NYSE:FMX), 6 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Fomento Economico Mexicano SAB had 13 analyst reports since August 18, 2015 according to SRatingsIntel. The rating was upgraded by JP Morgan to “Overweight” on Monday, October 2. As per Monday, March 7, the company rating was maintained by Barclays Capital. The firm has “Overweight” rating given on Tuesday, August 18 by JP Morgan. The stock of Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) has “Neutral” rating given on Friday, January 20 by JP Morgan. The firm has “Buy” rating by HSBC given on Wednesday, August 10. The firm earned “Buy” rating on Friday, April 29 by Citigroup. The rating was downgraded by Zacks to “Buy” on Monday, August 31. Barclays Capital maintained the stock with “Overweight” rating in Friday, October 14 report. Stifel Nicolaus initiated the shares of FMX in report on Tuesday, November 22 with “Buy” rating. The rating was maintained by Barclays Capital on Wednesday, October 11 with “Overweight”.

Analysts await Amazon.com, Inc. (NASDAQ:AMZN) to report earnings on April, 26 after the close. They expect $1.19 earnings per share, down 19.59% or $0.29 from last year’s $1.48 per share. AMZN’s profit will be $576.09M for 321.73 P/E if the $1.19 EPS becomes a reality. After $2.16 actual earnings per share reported by Amazon.com, Inc. for the previous quarter, Wall Street now forecasts -44.91% negative EPS growth.

Sigma Investment Counselors Inc, which manages about $718.41M and $732.05M US Long portfolio, upped its stake in Vanguard Tax Managed Intl Fd (VEA) by 19,634 shares to 1.51 million shares, valued at $67.86M in 2017Q4, according to the filing. It also increased its holding in Ishares Tr (TIP) by 3,204 shares in the quarter, for a total of 198,559 shares, and has risen its stake in Ishares Tr (IJH).

Among 54 analysts covering Amazon.com (NASDAQ:AMZN), 50 have Buy rating, 0 Sell and 4 Hold. Therefore 93% are positive. Amazon.com had 283 analyst reports since July 21, 2015 according to SRatingsIntel. Needham maintained the shares of AMZN in report on Friday, August 25 with “Buy” rating. Canaccord Genuity maintained the shares of AMZN in report on Friday, February 2 with “Buy” rating. As per Friday, July 29, the company rating was maintained by UBS. The company was maintained on Friday, October 27 by Loop Capital. The firm has “Buy” rating by Canaccord Genuity given on Friday, October 27. The firm has “Hold” rating by Canaccord Genuity given on Friday, October 23. The company was maintained on Friday, October 27 by RBC Capital Markets. The stock has “Buy” rating by Monness on Wednesday, April 11. Mizuho maintained Amazon.com, Inc. (NASDAQ:AMZN) on Friday, October 28 with “Buy” rating. The rating was maintained by Aegis Capital with “Buy” on Friday, October 27.

Amazon.com, Inc. (NASDAQ:AMZN) Institutional Positions Chart

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