128,404 Shares in CEMEX, S.A.B. de C.V. (NYSE:CX) Acquired by Capital Wealth Planning LLC

Capital Wealth Planning LLC acquired a new position in CEMEX, S.A.B. de C.V. (NYSE:CX) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 128,404 shares of the construction company’s stock, valued at approximately $821,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Ballentine Partners LLC boosted its holdings in shares of CEMEX by 6.9% in the first quarter. Ballentine Partners LLC now owns 21,127 shares of the construction company’s stock worth $190,000 after buying an additional 1,358 shares during the last quarter. Aprio Wealth Management LLC boosted its holdings in shares of CEMEX by 8.9% in the first quarter. Aprio Wealth Management LLC now owns 17,558 shares of the construction company’s stock worth $158,000 after buying an additional 1,431 shares during the last quarter. Parallel Advisors LLC boosted its holdings in shares of CEMEX by 11.5% in the fourth quarter. Parallel Advisors LLC now owns 14,006 shares of the construction company’s stock worth $109,000 after buying an additional 1,443 shares during the last quarter. CWM LLC boosted its holdings in shares of CEMEX by 75.0% in the first quarter. CWM LLC now owns 3,514 shares of the construction company’s stock worth $32,000 after buying an additional 1,506 shares during the last quarter. Finally, Thompson Davis & CO. Inc. boosted its holdings in shares of CEMEX by 6.3% in the first quarter. Thompson Davis & CO. Inc. now owns 26,800 shares of the construction company’s stock worth $241,000 after buying an additional 1,600 shares during the last quarter. Hedge funds and other institutional investors own 82.97% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on CX. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a $8.00 price target on shares of CEMEX in a report on Wednesday, August 21st. Barclays raised shares of CEMEX from an “equal weight” rating to an “overweight” rating and set a $9.00 price target on the stock in a report on Wednesday, July 31st. StockNews.com raised shares of CEMEX from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 18th. Finally, The Goldman Sachs Group began coverage on shares of CEMEX in a report on Wednesday, July 10th. They set a “buy” rating and a $9.00 price target on the stock. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $8.70.

CEMEX Trading Up 0.8 %

CEMEX stock opened at $6.01 on Monday. The stock has a market cap of $8.71 billion, a P/E ratio of 42.93 and a beta of 1.48. 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 1 year low of $5.50 and a 1 year high of $9.27. The firm’s 50 day moving average price is $6.28 and its 200-day moving average price is $7.21.

CEMEX (NYSE:CX) last released its quarterly earnings data on Thursday, July 25th. The construction company reported $0.17 earnings per share (EPS) for the quarter. The firm had revenue of $4.49 billion for the quarter. CEMEX had a net margin of 1.05% and a return on equity of 1.66%. On average, equities analysts predict that CEMEX, S.A.B. de C.V. will post 0.84 earnings per share for the current fiscal year.

CEMEX Cuts Dividend

The firm also recently declared a Variable dividend, which will be paid on Tuesday, September 24th. Investors of record on Friday, September 13th will be given a $0.021 dividend. This represents a yield of 0.7%. The ex-dividend date of this dividend is Friday, September 13th. CEMEX’s dividend payout ratio is presently 14.29%.

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.