2 weeks Ago By ABMN Staff
American Century Companies Inc. lowered its stake in shares of Celanese Co. ( NYSE:CE – Free Report ) by 3.
3% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,683 shares of the basic materials company’s stock after selling 402 shares during the period. American Century Companies Inc.
’s holdings in Celanese were worth $1,576,000 as of its most recent SEC filing. Other institutional investors and hedge funds have also modified their holdings of the company. Mather Group LLC.
acquired a new stake in shares of Celanese in the first quarter worth about $31,000. LRI Investments LLC bought a new stake in shares of Celanese during the 1st quarter worth $31,000. Key Financial Inc raised its holdings in Celanese by 3,933.
3% in the 2nd quarter. Key Financial Inc now owns 242 shares of the basic materials company’s stock worth $33,000 after acquiring an additional 236 shares during the period. ORG Partners LLC acquired a new position in Celanese during the 2nd quarter worth $40,000.
Finally, Rothschild Investment LLC bought a new stake in Celanese during the second quarter valued at about $40,000. 98.87% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades A number of research analysts have recently commented on CE shares. Wells Fargo & Company cut their price target on Celanese from $180.00 to $165.
00 and set an “overweight” rating for the company in a report on Monday, August 5th. BMO Capital Markets decreased their target price on shares of Celanese from $142.00 to $138.
00 and set a “market perform” rating on the stock in a research report on Wednesday, August 7th. Royal Bank of Canada reduced their target price on Celanese from $168.00 to $167.
00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. Citigroup decreased their price objective on shares of Celanese from $167.00 to $148.
00 and set a “neutral” rating on the stock in a report on Thursday, June 27th. Finally, KeyCorp dropped their target price on shares of Celanese from $180.00 to $178.
00 and set an “overweight” rating for the company in a research note on Monday, August 5th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $153.
13. Insider Activity In other Celanese news, COO Scott A. Richardson sold 4,675 shares of the stock in a transaction dated Monday, August 19th.
The stock was sold at an average price of $129.51, for a total transaction of $605,459.25.
Following the completion of the sale, the chief operating officer now directly owns 69,754 shares in the company, valued at approximately $9,033,840.54. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink .
Insiders own 0.33% of the company’s stock. Celanese Trading Down 0.
4 % Shares of Celanese stock opened at $139.29 on Monday. The firm has a market capitalization of $15.
21 billion, a PE ratio of 7.67, a price-to-earnings-growth ratio of 0.66 and a beta of 1.
30. The company has a current ratio of 1.28, a quick ratio of 0.
74 and a debt-to-equity ratio of 1.45. The firm’s 50 day moving average is $129.
53 and its 200 day moving average is $144.04. Celanese Co.
has a 1 year low of $110.76 and a 1 year high of $172.16.
Celanese ( NYSE:CE – Get Free Report ) last released its quarterly earnings data on Thursday, August 1st. The basic materials company reported $2.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.
71 by ($0.33). Celanese had a net margin of 18.
24% and a return on equity of 13.60%. The firm had revenue of $2.
65 billion during the quarter, compared to analyst estimates of $2.76 billion. During the same period in the prior year, the company earned $2.
17 EPS. The business’s quarterly revenue was down 5.2% compared to the same quarter last year.
Equities research analysts forecast that Celanese Co. will post 10.42 earnings per share for the current fiscal year.
Celanese Announces Dividend The company also recently announced a quarterly dividend, which was paid on Monday, August 12th. Shareholders of record on Tuesday, July 30th were given a dividend of $0.70 per share.
This represents a $2.80 dividend on an annualized basis and a yield of 2.01%.
The ex-dividend date was Tuesday, July 30th. Celanese’s dividend payout ratio is presently 15.41%.
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.
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