FMR LLC & Abigail Johnson Trim CEMEX Stake to 1.84%
Ticker: CXMSF · Form: SC 13G/A · Filed: Feb 9, 2024 · CIK: 1076378
| Field | Detail |
|---|---|
| Company | Cemex Sab De Cv (CXMSF) |
| Form Type | SC 13G/A |
| Filed Date | Feb 9, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**FMR LLC and Abigail Johnson now own 1.84% of CEMEX, a slight dip.**
AI Summary
FMR LLC, a major investment firm, and its principal owner, Abigail P. Johnson, have updated their ownership stake in CEMEX SAB DE CV, a cement company. As of February 9, 2024, they collectively beneficially own 799,728,895 shares of CEMEX's common stock, representing 1.840% of the company. This filing indicates a slight decrease in their percentage ownership compared to previous filings, which could signal a minor shift in their investment strategy or simply a dilution due to new share issuance by CEMEX. For investors, this matters because FMR LLC is a significant institutional holder, and changes in their position can sometimes reflect their outlook on the company's future performance.
Why It Matters
This filing shows a prominent institutional investor, FMR LLC, and its leader, Abigail P. Johnson, have slightly reduced their percentage ownership in CEMEX, which could be interpreted as a minor loss of conviction or a portfolio rebalancing.
Risk Assessment
Risk Level: low — The change in ownership percentage is minor (1.840%) and does not indicate a significant divestment or acquisition that would drastically alter the company's control or market perception.
Analyst Insight
A smart investor would note this minor adjustment by a large institutional holder but recognize it's unlikely to be a primary driver for CEMEX's stock performance. Further research into CEMEX's fundamentals and broader market trends would be more impactful.
Key Numbers
- 799,728,895 — Shares Beneficially Owned (Total common stock shares of CEMEX SAB DE CV owned by FMR LLC and Abigail P. Johnson.)
- 1.840% — Percent of Class (The percentage of CEMEX SAB DE CV's common stock class owned by FMR LLC and Abigail P. Johnson.)
Key Players & Entities
- FMR LLC (company) — reporting person and parent holding company
- Abigail P. Johnson (person) — reporting person, principal owner of FMR LLC
- CEMEX SAB DE CV (company) — subject company, issuer of common stock
- 799,728,895 (dollar_amount) — total shares beneficially owned by FMR LLC and Abigail P. Johnson
- 1.840% (dollar_amount) — percentage of class beneficially owned by FMR LLC and Abigail P. Johnson
Forward-Looking Statements
- FMR LLC will maintain a passive investment stance in CEMEX SAB DE CV. (FMR LLC) — high confidence, target: Next 12 months
- The slight reduction in percentage ownership will not significantly impact CEMEX's stock price. (CEMEX SAB DE CV) — high confidence, target: Next 3 months
FAQ
Who are the reporting persons in this SC 13G/A filing for CEMEX SAB DE CV?
The reporting persons are FMR LLC and Abigail P. Johnson, as stated in Item 1 for both reporting persons in the filing.
What is the total number of shares of CEMEX SAB DE CV common stock beneficially owned by FMR LLC and Abigail P. Johnson?
Both FMR LLC and Abigail P. Johnson beneficially own 799,728,895 shares of CEMEX SAB DE CV common stock, as indicated in Item 7 and Item 9 for both reporting persons, and Item 4(a) for FMR LLC.
What percentage of CEMEX SAB DE CV's common stock class do FMR LLC and Abigail P. Johnson collectively own?
FMR LLC and Abigail P. Johnson collectively own 1.840% of CEMEX SAB DE CV's common stock class, as stated in Item 11 for both reporting persons and Item 4(b) for FMR LLC.
Under which rule is this Schedule 13G/A filed?
This Schedule 13G/A is filed pursuant to Rule 13d-1(b), as indicated by the 'x' in the appropriate box on the first page of the filing.
What is the CUSIP number for CEMEX SAB DE CV's common stock?
The CUSIP number for CEMEX SAB DE CV's common stock is P2253T141, as listed under 'Cusip #P2253T141' and in Item 2(e).
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 9, 2024 by Abigail P. Johnson regarding CEMEX SAB DE CV (CXMSF).