CEMEX, S.A.B. de C.V. (NYSE:CX) Shares Acquired by Creative Planning

Creative Planning increased its holdings in CEMEX, S.A.B. de C.V. (NYSE:CX) by 13.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 197,992 shares of the construction company’s stock after acquiring an additional 23,896 shares during the quarter. Creative Planning’s holdings in CEMEX were worth $1,208,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Ashton Thomas Private Wealth LLC bought a new stake in CEMEX in the second quarter valued at about $33,000. Thoroughbred Financial Services LLC bought a new stake in CEMEX in the second quarter valued at about $81,000. KCM Investment Advisors LLC bought a new stake in CEMEX in the first quarter valued at about $91,000. Hennion & Walsh Asset Management Inc. bought a new stake in CEMEX in the first quarter valued at about $102,000. Finally, PNC Financial Services Group Inc. increased its holdings in CEMEX by 54.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 13,124 shares of the construction company’s stock valued at $102,000 after buying an additional 4,623 shares during the last quarter. Institutional investors and hedge funds own 82.97% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on CX shares. Royal Bank of Canada lowered their target price on CEMEX from $6.50 to $6.00 and set a “sector perform” rating for the company in a report on Tuesday. Barclays lowered their target price on CEMEX from $9.00 to $8.00 and set an “overweight” rating for the company in a report on Tuesday. StockNews.com lowered CEMEX from a “strong-buy” rating to a “buy” rating in a report on Friday, October 11th. JPMorgan Chase & Co. lowered CEMEX from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $7.00 to $6.00 in a report on Tuesday. Finally, The Goldman Sachs Group began coverage on CEMEX in a report on Wednesday, July 10th. They set a “buy” rating and a $9.00 target price for the company. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, CEMEX has a consensus rating of “Moderate Buy” and a consensus target price of $7.87.

CEMEX Price Performance

CX stock opened at $5.25 on Thursday. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.90 and a quick ratio of 0.65. CEMEX, S.A.B. de C.V. has a 52-week low of $5.19 and a 52-week high of $9.27. The company has a 50-day moving average of $6.03 and a two-hundred day moving average of $6.66. The stock has a market capitalization of $7.60 billion, a price-to-earnings ratio of 37.46 and a beta of 1.47.

CEMEX Cuts Dividend

The firm also recently declared a Variable dividend, which was paid on Tuesday, September 24th. Shareholders of record on Friday, September 13th were paid a dividend of $0.021 per share. This represents a yield of 0.7%. The ex-dividend date of this dividend was Friday, September 13th. 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.