Wellington Management Group LLP Has $10.34 Million Stock Position in CEMEX, S.A.B. de C.V. (NYSE:CX)

Wellington Management Group LLP lessened its holdings in shares of CEMEX, S.A.B. de C.V. (NYSE:CX - Free Report) by 8.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,695,160 shares of the construction company's stock after selling 157,708 shares during the quarter. Wellington Management Group LLP owned approximately 0.12% of CEMEX worth $10,340,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. 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 holdings in shares of CEMEX by 36.0% during the 3rd 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. Aureus Asset Management LLC purchased a new position in shares of CEMEX during the 3rd quarter valued at $70,000. Vontobel Holding Ltd. acquired a new position in shares of CEMEX in the third quarter worth $77,000. Finally, Thoroughbred Financial Services LLC purchased a new stake in shares of CEMEX during the second quarter worth $81,000. Institutional investors and hedge funds own 82.97% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. StockNews.com downgraded CEMEX from a "strong-buy" rating to a "buy" rating in a research note on Friday, October 11th. Royal Bank of Canada cut CEMEX from a "sector perform" rating to an "underperform" rating and lowered their price target for the company from $6.00 to $5.00 in a research note on Wednesday, December 11th. JPMorgan Chase & Co. lowered shares of CEMEX from an "overweight" rating to a "neutral" rating and cut their price objective for the company from $7.00 to $6.00 in a research report on Tuesday, October 29th. Scotiabank decreased their target price on shares of CEMEX from $10.00 to $8.90 and set a "sector outperform" rating for the company in a research report on Tuesday, October 29th. Finally, Barclays cut their price target 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. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $7.65.

CEMEX Stock Performance

CEMEX stock remained flat at $5.60 during trading hours on Monday. The company's stock had a trading volume of 9,632,711 shares, compared to its average volume of 8,770,481. 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 has a current ratio of 0.98, a quick ratio of 0.73 and a debt-to-equity ratio of 0.49. The firm has a 50 day moving average price of $5.67 and a 200-day moving average price of $6.10. The firm has a market capitalization of $8.11 billion, a price-to-earnings ratio of 18.67 and a beta of 1.50.

CEMEX Dividend Announcement

The company also recently declared a dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Tuesday, December 10th will be issued a dividend of $0.0207 per share. The ex-dividend date of this dividend is Tuesday, December 10th. CEMEX's dividend payout ratio (DPR) is 20.00%.

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.