Axa S.A. Has $756,000 Stake in CEMEX, S.A.B. de C.V. (NYSE:CX)

Axa S.A. cut its stake in CEMEX, S.A.B. de C.V. (NYSE:CX) by 73.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 118,340 shares of the construction company’s stock after selling 328,369 shares during the period. Axa S.A.’s holdings in CEMEX were worth $756,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in 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% in 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. Wellington Management Group LLP raised its holdings in CEMEX by 76.4% during the fourth quarter. Wellington Management Group LLP now owns 444,262 shares of the construction company’s stock worth $3,443,000 after acquiring an additional 192,399 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in CEMEX by 25.9% during the first quarter. BNP Paribas Financial Markets now owns 1,296,403 shares of the construction company’s stock worth $11,681,000 after acquiring an additional 267,074 shares in the last quarter. Finally, Quadrature Capital Ltd bought a new position in CEMEX in the first quarter valued at approximately $1,090,000. Institutional investors own 82.97% of the company’s stock.

Analyst Ratings Changes

CX has been the topic of a number of analyst reports. JPMorgan Chase & Co. reiterated an “overweight” rating and set a $8.00 price objective on shares of CEMEX in a research note on Wednesday, August 21st. The Goldman Sachs Group initiated coverage on shares of CEMEX in a research report on Wednesday, July 10th. They set a “buy” rating and a $9.00 price target on the stock. StockNews.com upgraded shares of CEMEX from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 18th. Finally, Barclays raised CEMEX from an “equal weight” rating to an “overweight” rating and set a $9.00 target price on the stock in a report on Wednesday, July 31st. 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 issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $8.70.

CEMEX Stock Performance

Shares of NYSE CX opened at $5.92 on Wednesday. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.90 and a quick ratio of 0.65. The firm has a market cap of $8.57 billion, a price-to-earnings ratio of 42.36 and a beta of 1.48. The stock’s fifty day moving average price is $6.22 and its two-hundred day moving average price is $7.08. CEMEX, S.A.B. de C.V. has a one year low of $5.50 and a one year high of $9.27.

CEMEX (NYSE:CX) last released its quarterly earnings results on Thursday, July 25th. The construction company reported $0.17 EPS for the quarter. CEMEX had a net margin of 1.05% and a return on equity of 1.66%. The business had revenue of $4.49 billion for the quarter. On average, equities analysts forecast that CEMEX, S.A.B. de C.V. will post 0.82 EPS for the current year.

CEMEX Cuts Dividend

The company also recently disclosed a Variable dividend, which was paid on Tuesday, September 24th. Investors of record on Friday, September 13th were given a dividend of $0.021 per share. The ex-dividend date was Friday, September 13th. This represents a yield of 0.7%. CEMEX’s dividend payout ratio is 28.57%.

About CEMEX

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.