CEMEX, S.A.B. de C.V. (NYSE:CX) Shares Bought by BNP Paribas Financial Markets

BNP Paribas Financial Markets lifted its stake in shares of CEMEX, S.A.B. de C.V. (NYSE:CX - Free Report) by 166.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,077,576 shares of the construction company's stock after acquiring an additional 2,549,852 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.28% of CEMEX worth $24,873,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Ashton Thomas Private Wealth LLC purchased a new stake in CEMEX in the second quarter worth about $33,000. Allworth Financial LP raised its holdings in shares of CEMEX by 36.0% in the 3rd quarter. Allworth Financial LP now owns 6,606 shares of the construction company's stock valued at $40,000 after purchasing an additional 1,747 shares in the last quarter. Vontobel Holding Ltd. purchased a new stake in shares of CEMEX in the 3rd quarter worth approximately $77,000. Thoroughbred Financial Services LLC bought a new position in shares of CEMEX during the second quarter valued at approximately $81,000. Finally, Sumitomo Mitsui Trust Group Inc. purchased a new position in CEMEX during the third quarter valued at approximately $87,000. Institutional investors own 82.97% of the company's stock.

Analysts Set New Price Targets

CX has been the subject of a number of analyst reports. Royal Bank of Canada lowered their target price on CEMEX from $6.50 to $6.00 and set a "sector perform" rating for the company in a report on Tuesday, October 29th. Scotiabank dropped their price objective on CEMEX from $10.00 to $8.90 and set a "sector outperform" rating on the stock in a research report on Tuesday, October 29th. Barclays cut their price objective on shares of CEMEX from $9.00 to $8.00 and set an "overweight" rating on the stock in a report on Tuesday, October 29th. StockNews.com downgraded shares of CEMEX from a "strong-buy" rating to a "buy" rating in a research report on Friday, October 11th. Finally, JPMorgan Chase & Co. lowered shares of CEMEX from an "overweight" rating to a "neutral" rating and cut their price target for the company from $7.00 to $6.00 in a research note on Tuesday, October 29th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, CEMEX presently has an average rating of "Moderate Buy" and a consensus price target of $7.82.

CEMEX Stock Performance

CX traded up $0.14 during trading on Friday, reaching $5.57. 4,607,724 shares of the company's stock were exchanged, compared to its average volume of 8,767,049. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.98 and a quick ratio of 0.73. CEMEX, S.A.B. de C.V. has a 1 year low of $5.00 and a 1 year high of $9.27. The company's fifty day simple moving average is $5.76 and its 200-day simple moving average is $6.27. The stock has a market capitalization of $8.07 billion, a P/E ratio of 18.57 and a beta of 1.49.

CEMEX Cuts Dividend

The firm also recently announced a Variable dividend, which was paid on Tuesday, September 24th. Investors of record on Friday, September 13th were given a dividend of $0.021 per share. The ex-dividend date was Friday, September 13th. This represents a yield of 0.7%. CEMEX's dividend payout ratio is presently 13.33%.

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.