CEMEX, S.A.B. de C.V. (NYSE:CX) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. reduced its holdings in shares of CEMEX, S.A.B. de C.V. (NYSE:CX - Free Report) by 46.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,697,251 shares of the construction company's stock after selling 6,744,215 shares during the period. JPMorgan Chase & Co. owned approximately 0.53% of CEMEX worth $43,412,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. IFP Advisors Inc grew its stake in shares of CEMEX by 159.1% during the fourth quarter. IFP Advisors Inc now owns 4,986 shares of the construction company's stock worth $28,000 after acquiring an additional 3,062 shares during the last quarter. Barclays PLC boosted its stake in CEMEX by 41.8% in the 3rd quarter. Barclays PLC now owns 6,249 shares of the construction company's stock worth $38,000 after purchasing an additional 1,843 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its position in CEMEX by 26.4% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 13,011 shares of the construction company's stock worth $73,000 after purchasing an additional 2,720 shares during the last quarter. Banco Santander S.A. acquired a new position in CEMEX during the 4th quarter valued at approximately $78,000. Finally, Holistic Financial Partners raised its holdings in shares of CEMEX by 25.0% in the fourth quarter. Holistic Financial Partners now owns 13,933 shares of the construction company's stock worth $79,000 after buying an additional 2,787 shares during the last quarter. 82.97% of the stock is owned by institutional investors and hedge funds.

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CEMEX Stock Performance

Shares of CX stock traded up $0.16 on Friday, hitting $5.18. The company had a trading volume of 30,191,973 shares, compared to its average volume of 10,420,072. CEMEX, S.A.B. de C.V. has a twelve month low of $4.89 and a twelve month high of $8.73. The company has a quick ratio of 0.58, a current ratio of 0.82 and a debt-to-equity ratio of 0.43. The firm has a market cap of $7.50 billion, a P/E ratio of 8.21 and a beta of 1.28. The company has a 50-day moving average price of $6.05 and a 200-day moving average price of $5.82.

CEMEX (NYSE:CX - Get Free Report) last announced its quarterly 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%. As a group, equities research analysts predict that CEMEX, S.A.B. de C.V. will post 0.69 earnings per share for the current fiscal year.

CEMEX Dividend Announcement

The company also recently announced a dividend, which was paid on Tuesday, March 18th. Investors of record on Monday, March 10th were paid a $0.0207 dividend. The ex-dividend date was Monday, March 10th. CEMEX's dividend payout ratio is currently 12.70%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on CX shares. Morgan Stanley lowered shares of CEMEX from an "overweight" rating to an "equal weight" rating in a report on Wednesday, March 26th. Royal Bank of Canada boosted their price target on CEMEX from $5.00 to $6.00 and gave the company an "underperform" rating in a research note on Monday, February 10th. StockNews.com lowered CEMEX from a "buy" rating to a "hold" rating in a report on Tuesday. Finally, The Goldman Sachs Group lifted their target price on CEMEX from $8.00 to $9.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, CEMEX currently 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.