CEMEX, S.A.B. de C.V. (NYSE:CX) Holdings Lessened by Moneda S.A. Administradora General de Fondos

Moneda S.A. Administradora General de Fondos decreased its stake in shares of CEMEX, S.A.B. de C.V. (NYSE:CX - Free Report) by 33.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,347,988 shares of the construction company's stock after selling 692,409 shares during the period. CEMEX comprises about 6.1% of Moneda S.A. Administradora General de Fondos' holdings, making the stock its 4th largest position. Moneda S.A. Administradora General de Fondos owned approximately 0.09% of CEMEX worth $8,614,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Capital International Investors increased its stake in CEMEX by 0.5% in the 4th quarter. Capital International Investors now owns 28,003,151 shares of the construction company's stock valued at $217,024,000 after buying an additional 152,587 shares during the last quarter. Vanguard Group Inc. increased its position in shares of CEMEX by 4.1% during the first quarter. Vanguard Group Inc. now owns 3,757,831 shares of the construction company's stock valued at $33,858,000 after acquiring an additional 146,327 shares during the last quarter. Axiom Investors LLC DE lifted its holdings in CEMEX by 10.2% during the fourth quarter. Axiom Investors LLC DE now owns 6,660,570 shares of the construction company's stock worth $51,619,000 after acquiring an additional 614,520 shares during the period. Wellington Management Group LLP boosted its position in CEMEX by 76.4% in the fourth quarter. Wellington Management Group LLP now owns 444,262 shares of the construction company's stock worth $3,443,000 after purchasing an additional 192,399 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its stake in CEMEX by 25.9% in the 1st quarter. BNP Paribas Financial Markets now owns 1,296,403 shares of the construction company's stock valued at $11,681,000 after purchasing an additional 267,074 shares during the period. Institutional investors own 82.97% of the company's stock.

CEMEX Stock Performance

CX traded up $0.08 on Friday, hitting $6.13. The company's stock had a trading volume of 11,285,809 shares, compared to its average volume of 12,465,637. The company's 50 day simple moving average is $6.37 and its 200-day simple moving average is $7.35. The company has a quick ratio of 0.65, a current ratio of 0.90 and a debt-to-equity ratio of 0.53. CEMEX, S.A.B. de C.V. has a 12 month low of $5.66 and a 12 month high of $9.27. The firm has a market cap of $8.88 billion, a P/E ratio of 43.79 and a beta of 1.47.

CEMEX (NYSE:CX - Get Free Report) last posted its quarterly earnings results on Thursday, July 25th. The construction company reported $0.17 EPS for the quarter. The firm had revenue of $4.49 billion during the quarter. CEMEX had a return on equity of 1.66% and a net margin of 1.05%. Analysts forecast that CEMEX, S.A.B. de C.V. will post 0.84 EPS for the current year.

CEMEX Announces Dividend

The business also recently declared a Variable dividend, which was paid on Wednesday, June 26th. Stockholders of record on Monday, June 17th were given a dividend of $0.349 per share. The ex-dividend date was Monday, June 17th. CEMEX's dividend payout ratio is presently 14.29%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on CX. JPMorgan Chase & Co. reiterated an "overweight" rating and set a $8.00 target price on shares of CEMEX in a research note on Wednesday, August 21st. StockNews.com upgraded shares of CEMEX from a "buy" rating to a "strong-buy" rating in a research note on Thursday, July 18th. Royal Bank of Canada initiated coverage on shares of CEMEX in a research note on Tuesday, May 14th. They set an "underperform" rating and a $9.00 price target for the company. Barclays upgraded CEMEX from an "equal weight" rating to an "overweight" rating and set a $9.00 price objective on the stock in a research note on Wednesday, July 31st. Finally, The Goldman Sachs Group started coverage on CEMEX in a research report on Wednesday, July 10th. They issued a "buy" rating and a $9.00 target price for the company. One analyst has rated the stock with a sell rating, one has given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, CEMEX currently has a consensus rating of "Moderate Buy" and a consensus target price of $8.70.

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.