Personal CFO Solutions LLC boosted its holdings in shares of Celanese Co. (NYSE:CE – Free Report) by 1.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,079 shares of the basic materials company’s stock after buying an additional 148 shares during the quarter. Personal CFO Solutions LLC’s holdings in Celanese were worth $935,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of CE. First Commonwealth Financial Corp PA boosted its position in Celanese by 8.4% during the second quarter. First Commonwealth Financial Corp PA now owns 4,574 shares of the basic materials company’s stock worth $530,000 after purchasing an additional 355 shares during the period. Commonwealth Equity Services LLC lifted its stake in shares of Celanese by 62.4% during the 2nd quarter. Commonwealth Equity Services LLC now owns 18,229 shares of the basic materials company’s stock worth $2,111,000 after buying an additional 7,006 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Celanese by 66.0% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 23,090 shares of the basic materials company’s stock worth $2,674,000 after buying an additional 9,180 shares during the period. Cary Street Partners Investment Advisory LLC acquired a new position in Celanese in the 2nd quarter valued at about $58,000. Finally, US Bancorp DE raised its holdings in Celanese by 11.6% in the 2nd quarter. US Bancorp DE now owns 16,201 shares of the basic materials company’s stock valued at $1,876,000 after acquiring an additional 1,689 shares during the period. Institutional investors own 98.87% of the company’s stock.
Wall Street Analysts Forecast Growth
CE has been the topic of several research reports. Citigroup upped their target price on Celanese from $130.00 to $133.00 and gave the company a “neutral” rating in a research report on Wednesday, October 4th. Credit Suisse Group increased their price objective on Celanese from $100.00 to $111.00 and gave the stock an “underperform” rating in a research report on Tuesday, August 8th. Robert W. Baird boosted their target price on shares of Celanese from $130.00 to $140.00 in a research report on Wednesday, August 9th. StockNews.com lowered shares of Celanese from a “hold” rating to a “sell” rating in a research report on Wednesday, October 4th. Finally, Royal Bank of Canada cut their price objective on shares of Celanese from $145.00 to $142.00 and set an “outperform” rating for the company in a report on Wednesday, November 8th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, Celanese has a consensus rating of “Hold” and an average price target of $127.63.
Celanese Price Performance
Celanese stock opened at $129.93 on Friday. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.98 and a current ratio of 1.63. Celanese Co. has a 52 week low of $97.12 and a 52 week high of $131.05. The stock has a market capitalization of $14.14 billion, a P/E ratio of 7.00, a price-to-earnings-growth ratio of 4.61 and a beta of 1.28. The stock has a fifty day moving average of $121.26 and a 200-day moving average of $117.96.
Celanese (NYSE:CE – Get Free Report) last issued its earnings results on Monday, November 6th. The basic materials company reported $2.50 EPS for the quarter, topping the consensus estimate of $2.20 by $0.30. Celanese had a return on equity of 14.06% and a net margin of 18.93%. The firm had revenue of $2.72 billion during the quarter, compared to the consensus estimate of $2.76 billion. During the same quarter in the previous year, the firm earned $3.94 earnings per share. The business’s quarterly revenue was up 18.3% on a year-over-year basis. On average, sell-side analysts expect that Celanese Co. will post 9 earnings per share for the current fiscal year.
Celanese Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, November 13th. Shareholders of record on Monday, October 30th were given a $0.70 dividend. The ex-dividend date of this dividend was Friday, October 27th. This represents a $2.80 dividend on an annualized basis and a yield of 2.16%. Celanese’s dividend payout ratio is currently 15.09%.
Celanese Corporation, a chemical and specialty materials company, manufactures and sells high performance engineered polymers in the United States and internationally. It operates through Engineered Materials and Acetyl Chain. The Engineered Materials segment develops, produces, and supplies specialty polymers for automotive and medical applications, as well as for use in industrial products and consumer electronics.
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