Fmr LLC Sells 193,608 Shares of CEMEX, S.A.B. de C.V. (NYSE:CX)

FMR LLC decreased its holdings in CEMEX, S.A.B. de C.V. (NYSE:CX - Free Report) by 0.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,588,846 shares of the construction company's stock after selling 193,608 shares during the period. FMR LLC owned 1.42% of CEMEX worth $125,592,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of CX. Ashton Thomas Private Wealth LLC purchased a new position in CEMEX during the second quarter valued at approximately $33,000. Allworth Financial LP grew its stake in CEMEX by 36.0% during the third quarter. Allworth Financial LP now owns 6,606 shares of the construction company's stock valued at $40,000 after acquiring an additional 1,747 shares in the last quarter. Vontobel Holding Ltd. purchased a new position in CEMEX during the third quarter valued at approximately $77,000. Thoroughbred Financial Services LLC purchased a new position in 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. Hedge funds and other institutional investors own 82.97% of the company's stock.

Wall Street Analyst Weigh In

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

CEMEX Trading Up 1.2 %

Shares of CX traded up $0.07 during mid-day trading on Thursday, reaching $5.83. The company's stock had a trading volume of 8,607,686 shares, compared to its average volume of 8,758,955. The stock has a market cap of $8.45 billion, a PE ratio of 19.20 and a beta of 1.50. The company has a current ratio of 0.98, a quick ratio of 0.73 and a debt-to-equity ratio of 0.49. CEMEX, S.A.B. de C.V. has a 52 week low of $5.00 and a 52 week high of $9.27. The company's fifty day moving average price is $5.72 and its two-hundred day moving average price is $6.22.

CEMEX Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Tuesday, December 10th will be issued a $0.0207 dividend. The ex-dividend date of this dividend is Tuesday, December 10th. CEMEX's payout ratio is 13.33%.

CEMEX Company 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.