Cemex S.A.B. de C.V. $CX Holdings Lowered by Creative Planning

Creative Planning lowered its stake in Cemex S.A.B. de C.V. (NYSE:CX) by 44.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 115,151 shares of the construction company’s stock after selling 91,116 shares during the quarter. Creative Planning’s holdings in Cemex were worth $798,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Thompson Davis & CO. Inc. boosted its holdings in shares of Cemex by 6.0% in the second quarter. Thompson Davis & CO. Inc. now owns 36,045 shares of the construction company’s stock worth $250,000 after buying an additional 2,045 shares during the period. Cherokee Insurance Co purchased a new stake in shares of Cemex in the 2nd quarter valued at approximately $340,000. ABC Arbitrage SA acquired a new position in Cemex in the 2nd quarter worth approximately $15,492,000. PNC Financial Services Group Inc. grew its position in Cemex by 12.9% during the 2nd quarter. PNC Financial Services Group Inc. now owns 39,781 shares of the construction company’s stock worth $276,000 after purchasing an additional 4,557 shares in the last quarter. Finally, Vise Technologies Inc. acquired a new stake in Cemex during the 2nd quarter valued at $304,000. Institutional investors and hedge funds own 82.97% of the company’s stock.

Cemex Trading Up 1.5%

Shares of NYSE CX opened at $10.76 on Wednesday. The business has a 50 day simple moving average of $9.79 and a 200 day simple moving average of $8.60. Cemex S.A.B. de C.V. has a 52 week low of $4.89 and a 52 week high of $10.84. The stock has a market cap of $15.58 billion, a price-to-earnings ratio of 11.56, a PEG ratio of 1.21 and a beta of 1.61. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.67 and a current ratio of 0.91.

Cemex (NYSE:CX) last issued its quarterly earnings data on Tuesday, October 28th. The construction company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.15. The firm had revenue of $4.25 billion for the quarter, compared to analyst estimates of $226.73 million. Cemex had a net margin of 8.62% and a return on equity of 6.85%. On average, research analysts predict that Cemex S.A.B. de C.V. will post 0.69 earnings per share for the current fiscal year.

Cemex Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 25th. Investors of record on Wednesday, September 17th were paid a $0.0224 dividend. This represents a $0.09 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Wednesday, September 17th. Cemex’s payout ratio is presently 9.68%.

Analyst Ratings Changes

Several brokerages have recently commented on CX. Royal Bank Of Canada raised their target price on Cemex from $7.00 to $8.25 and gave the stock an “underperform” rating in a research report on Wednesday, October 29th. Wall Street Zen upgraded Cemex from a “hold” rating to a “buy” rating in a research report on Tuesday, November 4th. Scotiabank downgraded Cemex from a “sector outperform” rating to a “sector perform” rating and set a $11.10 target price on the stock. in a report on Tuesday, October 21st. The Goldman Sachs Group increased their price target on shares of Cemex from $10.00 to $11.00 and gave the stock a “buy” rating in a research report on Friday, October 17th. Finally, JPMorgan Chase & Co. raised shares of Cemex from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $8.10 to $10.50 in a research report on Tuesday, August 26th. Four research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Cemex has a consensus rating of “Hold” and an average target price of $10.14.

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.