Steward Partners Investment Advisory LLC Has $86,000 Holdings in Celanese Co. (NYSE:CE)

Steward Partners Investment Advisory LLC lessened its stake in Celanese Co. (NYSE:CE) by 12.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 706 shares of the basic materials company’s stock after selling 98 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Celanese were worth $86,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. BlackRock Inc. grew its position in shares of Celanese by 0.6% during the 2nd quarter. BlackRock Inc. now owns 8,891,430 shares of the basic materials company’s stock worth $958,494,000 after buying an additional 54,291 shares during the period. LSV Asset Management grew its position in shares of Celanese by 5.9% during the 2nd quarter. LSV Asset Management now owns 2,976,134 shares of the basic materials company’s stock worth $320,827,000 after buying an additional 166,620 shares during the period. Northern Trust Corp grew its position in shares of Celanese by 1.0% during the 2nd quarter. Northern Trust Corp now owns 1,367,407 shares of the basic materials company’s stock worth $147,407,000 after buying an additional 13,817 shares during the period. Invesco Ltd. grew its position in shares of Celanese by 14.4% during the 2nd quarter. Invesco Ltd. now owns 1,032,296 shares of the basic materials company’s stock worth $111,281,000 after buying an additional 130,196 shares during the period. Finally, Bank of America Corp DE grew its position in shares of Celanese by 16.2% during the 2nd quarter. Bank of America Corp DE now owns 890,236 shares of the basic materials company’s stock worth $95,968,000 after buying an additional 124,276 shares during the period. Hedge funds and other institutional investors own 98.21% of the company’s stock.

Celanese stock opened at $127.31 on Friday. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.85 and a quick ratio of 1.21. Celanese Co. has a fifty-two week low of $82.91 and a fifty-two week high of $128.88. The company’s 50 day simple moving average is $121.88 and its 200 day simple moving average is $111.14. The firm has a market capitalization of $15.05 billion, a price-to-earnings ratio of 11.57, a PEG ratio of 1.82 and a beta of 1.36.

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Celanese (NYSE:CE) last announced its quarterly earnings results on Monday, October 21st. The basic materials company reported $2.53 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.50 by $0.03. Celanese had a net margin of 13.85% and a return on equity of 38.21%. The firm had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.64 billion. During the same quarter in the previous year, the firm posted $2.96 earnings per share. The business’s revenue was down 10.4% on a year-over-year basis. As a group, analysts predict that Celanese Co. will post 9.7 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, November 7th. Shareholders of record on Monday, October 28th were paid a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date of this dividend was Friday, October 25th. Celanese’s payout ratio is currently 22.55%.

CE has been the subject of several analyst reports. Barclays lifted their price target on shares of Celanese from $126.00 to $135.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Citigroup set a $122.00 price objective on shares of Celanese and gave the stock a “buy” rating in a research note on Monday, July 15th. Deutsche Bank lifted their price objective on shares of Celanese from $122.00 to $124.00 and gave the stock a “hold” rating in a research note on Wednesday, October 23rd. Wells Fargo & Co initiated coverage on shares of Celanese in a research note on Tuesday, October 15th. They set an “outperform” rating and a $140.00 price objective on the stock. Finally, Alembic Global Advisors set a $115.00 price objective on shares of Celanese and gave the stock a “hold” rating in a research note on Monday, October 21st. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and eight have issued a buy rating to the company. Celanese has an average rating of “Hold” and an average price target of $120.89.

Celanese Profile

Celanese Corporation, a technology and specialty materials company, manufactures and sells high performance engineered polymers in the United States and internationally. The company operates through Engineered Materials, Acetate Tow, and Acetyl Chain segments. 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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Institutional Ownership by Quarter for Celanese (NYSE:CE)

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