CEMEX, S.A.B. de C.V. (NYSE:CX) Shares Purchased by Wells Fargo & Company MN

Wells Fargo & Company MN increased its holdings in shares of CEMEX, S.A.B. de C.V. (NYSE:CX - Free Report) by 4.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,142,193 shares of the construction company's stock after acquiring an additional 51,967 shares during the period. Wells Fargo & Company MN owned approximately 0.08% of CEMEX worth $6,442,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CX. Stifel Financial Corp increased its stake in CEMEX by 30.4% during the 3rd quarter. Stifel Financial Corp now owns 100,406 shares of the construction company's stock worth $612,000 after buying an additional 23,388 shares during the period. Orion Portfolio Solutions LLC lifted its stake in CEMEX by 39.9% in the third quarter. Orion Portfolio Solutions LLC now owns 15,087 shares of the construction company's stock valued at $92,000 after buying an additional 4,306 shares during the last quarter. MML Investors Services LLC increased its position in CEMEX by 65.8% in the 3rd quarter. MML Investors Services LLC now owns 20,706 shares of the construction company's stock valued at $126,000 after acquiring an additional 8,221 shares during the period. Barclays PLC lifted its position in CEMEX by 41.8% during the 3rd quarter. Barclays PLC now owns 6,249 shares of the construction company's stock worth $38,000 after acquiring an additional 1,843 shares during the period. Finally, Sanctuary Advisors LLC increased its holdings in shares of CEMEX by 46.5% in the third quarter. Sanctuary Advisors LLC now owns 52,237 shares of the construction company's stock valued at $319,000 after purchasing an additional 16,585 shares during the period. Hedge funds and other institutional investors own 82.97% of the company's stock.

CEMEX Trading Up 2.0 %

Shares of NYSE:CX traded up $0.12 during trading on Thursday, reaching $5.73. 5,044,841 shares of the stock were exchanged, compared to its average volume of 10,677,498. The firm has a market cap of $8.30 billion, a price-to-earnings ratio of 9.10 and a beta of 1.28. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.58 and a current ratio of 0.82. CEMEX, S.A.B. de C.V. has a 12-month low of $4.89 and a 12-month high of $8.31. The firm's 50-day moving average price is $5.85 and its 200 day moving average price is $5.78.

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, topping analysts' consensus estimates of $0.10 by $0.06. CEMEX had a net margin of 5.70% and a return on equity of 7.78%. On average, sell-side analysts anticipate that CEMEX, S.A.B. de C.V. will post 0.69 earnings per share for the current fiscal year.

CEMEX Announces Dividend

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

Analyst Ratings Changes

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

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.