Capital International Investors Lowers Stock Position in CEMEX, S.A.B. de C.V. (NYSE:CX)

Capital International Investors cut its stake in CEMEX, S.A.B. de C.V. (NYSE:CX - Free Report) by 79.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,014,566 shares of the construction company's stock after selling 7,736,862 shares during the quarter. Capital International Investors owned 0.14% of CEMEX worth $11,362,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. IFP Advisors Inc lifted its position in shares of CEMEX by 159.1% during the 4th quarter. IFP Advisors Inc now owns 4,986 shares of the construction company's stock worth $28,000 after buying an additional 3,062 shares in the last quarter. Barclays PLC boosted its position in CEMEX by 41.8% in the third quarter. Barclays PLC now owns 6,249 shares of the construction company's stock worth $38,000 after purchasing an additional 1,843 shares during the last quarter. Townsquare Capital LLC purchased a new position in CEMEX in the fourth quarter worth $57,000. Franklin Resources Inc. bought a new position in CEMEX in the 4th quarter valued at $63,000. Finally, Envestnet Portfolio Solutions Inc. increased its position in shares of CEMEX by 26.4% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 13,011 shares of the construction company's stock valued at $73,000 after purchasing an additional 2,720 shares during the last quarter. Institutional investors own 82.97% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on CX shares. StockNews.com raised shares of CEMEX from a "hold" rating to a "buy" rating in a report on Wednesday, April 16th. Bradesco Corretora set a $7.50 price target on CEMEX and gave the company a "neutral" rating in a research report on Tuesday, April 15th. Royal Bank of Canada decreased their price objective on CEMEX from $6.00 to $5.00 and set an "underperform" rating for the company in a report on Monday, April 14th. Morgan Stanley downgraded shares of CEMEX from an "overweight" rating to an "equal weight" rating in a report on Wednesday, March 26th. Finally, The Goldman Sachs Group lifted their target price on shares of CEMEX from $8.00 to $9.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, CEMEX presently has a consensus rating of "Hold" and an average target price of $7.63.

CEMEX Price Performance

CX stock traded up $0.10 during mid-day trading on Thursday, reaching $5.71. 14,062,403 shares of the company traded hands, compared to its average volume of 10,720,457. The company has a fifty day moving average price of $5.83 and a 200-day moving average price of $5.78. CEMEX, S.A.B. de C.V. has a 52-week low of $4.89 and a 52-week high of $8.31. The company has a market capitalization of $8.27 billion, a P/E ratio of 9.06 and a beta of 1.28. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.82 and a quick ratio of 0.58.

CEMEX (NYSE:CX - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The construction company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.10 by $0.06. CEMEX had a net margin of 5.70% and a return on equity of 7.78%. As a group, analysts anticipate that CEMEX, S.A.B. de C.V. will post 0.69 earnings per share for the current year.

CEMEX Announces Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, March 18th. Investors of record on Monday, March 10th were given a $0.0207 dividend. The ex-dividend date was Monday, March 10th. CEMEX's dividend payout ratio (DPR) is presently 12.70%.

About CEMEX

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.