CEMEX, S.A.B. de C.V. (NYSE:CX) Shares Purchased by Holistic Financial Partners

Holistic Financial Partners increased its stake in shares of CEMEX, S.A.B. de C.V. (NYSE:CX) by 25.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,933 shares of the construction company’s stock after purchasing an additional 2,787 shares during the quarter. Holistic Financial Partners’ holdings in CEMEX were worth $79,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in CEMEX during the 3rd quarter worth $190,346,000. JPMorgan Chase & Co. grew its stake in CEMEX by 123.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 14,441,466 shares of the construction company’s stock worth $88,093,000 after purchasing an additional 7,986,204 shares in the last quarter. RWC Asset Advisors US LLC grew its stake in CEMEX by 6.4% during the 4th quarter. RWC Asset Advisors US LLC now owns 12,039,601 shares of the construction company’s stock worth $67,903,000 after purchasing an additional 719,735 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its position in shares of CEMEX by 8.9% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 9,889,608 shares of the construction company’s stock worth $60,327,000 after acquiring an additional 807,394 shares in the last quarter. Finally, RWC Asset Management LLP boosted its position in shares of CEMEX by 46.1% during the 4th quarter. RWC Asset Management LLP now owns 5,862,677 shares of the construction company’s stock worth $33,065,000 after acquiring an additional 1,848,597 shares in the last quarter. 82.97% of the stock is owned by institutional investors and hedge funds.

CEMEX Stock Down 2.6 %

CEMEX stock opened at $6.54 on Monday. CEMEX, S.A.B. de C.V. has a fifty-two week low of $5.00 and a fifty-two week high of $9.27. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.58 and a current ratio of 0.82. The company has a market capitalization of $9.47 billion, a P/E ratio of 10.37 and a beta of 1.49. The stock has a 50-day simple moving average of $5.92 and a 200-day simple moving average of $5.91.

CEMEX (NYSE:CX) last posted its earnings results on Thursday, February 13th. The construction company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.06. CEMEX had a return on equity of 7.78% and a net margin of 5.70%. Equities research analysts expect that CEMEX, S.A.B. de C.V. will post 0.69 earnings per share for the current year.

CEMEX Announces Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, December 18th. Shareholders of record on Tuesday, December 10th were paid a dividend of $0.0207 per share. The ex-dividend date of this dividend was Tuesday, December 10th. CEMEX’s dividend payout ratio is presently 9.52%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Scotiabank lowered their price objective on CEMEX from $10.00 to $8.90 and set a “sector outperform” rating for the company in a research report on Tuesday, October 29th. Barclays lowered their price objective on CEMEX from $9.00 to $8.00 and set an “overweight” rating for the company in a research report on Tuesday, October 29th. Royal Bank of Canada upped their price objective on CEMEX from $5.00 to $6.00 and gave the stock an “underperform” rating in a research report on Monday, February 10th. Finally, JPMorgan Chase & Co. cut CEMEX from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $7.00 to $6.00 in a research report on Tuesday, October 29th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, CEMEX has an average rating of “Hold” and a consensus price target of $7.82.

CEMEX Profile

CEMEX, SAB. de C.V., together with its subsidiaries, produces, markets, distributes, and sells cement, ready-mix concrete, aggregates, urbanization solutions, and other construction materials and services worldwide. The company offers gray ordinary portland, white portland, oil-well, and blended cement products; mortar; and standard ready-mix, architectural and decorative, rapid-setting, fiber-reinforced, fluid-fill, roller-compacted, self-consolidating, pervious, and antibacterial, and other concrete products.