Diversify Wealth Management LLC Purchases 62,058 Shares of Cemex S.A.B. de C.V. $CX

Diversify Wealth Management LLC increased its position in Cemex S.A.B. de C.V. (NYSE:CX) by 45.6% during the first quarter, HoldingsChannel reports. The institutional investor owned 198,182 shares of the construction company’s stock after acquiring an additional 62,058 shares during the period. Diversify Wealth Management LLC’s holdings in Cemex were worth $2,412,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC raised its position in Cemex by 5.7% during the fourth quarter. Sequoia Financial Advisors LLC now owns 16,802 shares of the construction company’s stock valued at $193,000 after acquiring an additional 913 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in Cemex by 0.4% in the third quarter. Ameriprise Financial Inc. now owns 319,835 shares of the construction company’s stock valued at $2,875,000 after acquiring an additional 1,221 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in Cemex by 4.7% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 28,609 shares of the construction company’s stock worth $329,000 after acquiring an additional 1,288 shares in the last quarter. Ieq Capital LLC grew its position in Cemex by 7.6% in the fourth quarter. Ieq Capital LLC now owns 19,598 shares of the construction company’s stock worth $225,000 after acquiring an additional 1,380 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV increased its stake in shares of Cemex by 3.3% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 43,093 shares of the construction company’s stock worth $387,000 after purchasing an additional 1,389 shares during the last quarter. Institutional investors and hedge funds own 82.97% of the company’s stock.

Insider Buying and Selling

In other Cemex news, insider Herrera Jesus Vicente Gonzalez sold 35,000 shares of the stock in a transaction on Tuesday, April 28th. The shares were sold at an average price of $12.16, for a total value of $425,600.00. Following the completion of the sale, the insider directly owned 846,010 shares of the company’s stock, valued at $10,287,481.60. This represents a 3.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.00% of the stock is currently owned by insiders.

Cemex Stock Performance

Shares of NYSE CX opened at $12.46 on Tuesday. The company has a quick ratio of 0.63, a current ratio of 0.87 and a debt-to-equity ratio of 0.35. The business’s 50 day moving average is $12.65 and its two-hundred day moving average is $12.17. The company has a market cap of $18.04 billion, a P/E ratio of 38.92 and a beta of 1.52. Cemex S.A.B. de C.V. has a 12 month low of $7.24 and a 12 month high of $13.67.

Cemex (NYSE:CX) last issued its quarterly earnings results on Tuesday, March 31st. The construction company reported $0.16 EPS for the quarter. Cemex had a return on equity of 3.64% and a net margin of 2.74%. On average, equities analysts expect that Cemex S.A.B. de C.V. will post 0.91 EPS for the current year.

Cemex Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 29th. Investors of record on Wednesday, June 17th were paid a dividend of $0.0312 per share. This represents a $0.12 annualized dividend and a yield of 1.0%. The ex-dividend date was Wednesday, June 17th. This is an increase from Cemex’s previous quarterly dividend of $0.02. Cemex’s dividend payout ratio is currently 37.50%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on CX shares. Royal Bank Of Canada restated a “sector perform” rating and set a $12.75 price target on shares of Cemex in a report on Friday, April 24th. Wall Street Zen upgraded shares of Cemex from a “hold” rating to a “buy” rating in a report on Saturday, May 23rd. JPMorgan Chase & Co. increased their target price on shares of Cemex from $14.50 to $15.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 8th. Morgan Stanley raised shares of Cemex from an “equal weight” rating to an “overweight” rating and set a $14.00 target price on the stock in a research report on Monday, March 23rd. Finally, Santander upgraded Cemex to an “outperform” rating in a report on Thursday, June 11th. Seven investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $12.83.

About Cemex

Cemex (NYSE: CX) is a global building materials company headquartered in Monterrey, Mexico. The company produces, distributes and sells cement, ready-mix concrete and aggregates, as well as related building materials, to construction markets in more than 50 countries. Cemex’s product portfolio also includes asphalt and mortar mixes, waste-derived fuels and other complementary construction solutions, supported by a network of production facilities, distribution centers and logistics operations.

Founded in 1906 as Cementos Hidalgo, the company adopted the Cemex name in 1976 following a series of domestic mergers and expansions.