Charles Schwab Investment Management Inc. Has $111.03 Million Holdings in Celanese Co. (NYSE:CE)

Charles Schwab Investment Management Inc. increased its holdings in shares of Celanese Co. (NYSE:CEFree Report) by 1.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 884,564 shares of the basic materials company’s stock after acquiring an additional 13,149 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.81% of Celanese worth $111,030,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Parkside Financial Bank & Trust lifted its position in shares of Celanese by 92.6% during the 1st quarter. Parkside Financial Bank & Trust now owns 181 shares of the basic materials company’s stock valued at $25,000 after acquiring an additional 87 shares during the period. Certified Advisory Corp bought a new position in Celanese in the 1st quarter valued at about $27,000. EverSource Wealth Advisors LLC raised its position in shares of Celanese by 83.7% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 226 shares of the basic materials company’s stock valued at $28,000 after buying an additional 103 shares in the last quarter. ORG Partners LLC bought a new stake in shares of Celanese during the 3rd quarter worth approximately $38,000. Finally, Lindbrook Capital LLC increased its stake in Celanese by 41.8% in the second quarter. Lindbrook Capital LLC now owns 353 shares of the basic materials company’s stock valued at $41,000 after acquiring an additional 104 shares during the last quarter. Institutional investors and hedge funds own 98.87% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Piper Sandler raised Celanese from an “underweight” rating to a “neutral” rating and raised their target price for the company from $112.00 to $135.00 in a report on Tuesday, November 21st. UBS Group lifted their target price on Celanese from $169.00 to $170.00 and gave the company a “buy” rating in a research report on Thursday, January 11th. Citigroup increased their target price on shares of Celanese from $130.00 to $145.00 and gave the stock a “neutral” rating in a report on Wednesday, December 13th. Royal Bank of Canada decreased their price target on shares of Celanese from $145.00 to $142.00 and set an “outperform” rating on the stock in a report on Wednesday, November 8th. Finally, Bank of America downgraded shares of Celanese from a “neutral” rating to an “underperform” rating and increased their price objective for the company from $124.00 to $135.00 in a research note on Tuesday, January 16th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $136.29.

View Our Latest Analysis on Celanese

Celanese Trading Up 0.0 %

NYSE CE opened at $148.92 on Friday. Celanese Co. has a one year low of $97.12 and a one year high of $159.06. The company has a debt-to-equity ratio of 1.77, a current ratio of 1.63 and a quick ratio of 0.98. The business has a 50 day simple moving average of $148.33 and a 200 day simple moving average of $132.12. The stock has a market capitalization of $16.21 billion, a P/E ratio of 8.02, a P/E/G ratio of 4.05 and a beta of 1.36.

Celanese Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 5th. Investors of record on Tuesday, February 20th will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Friday, February 16th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.88%. Celanese’s payout ratio is presently 15.09%.

Celanese Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Celanese (NYSE:CE)

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