Celanese Corporation (CE) Position Lessened by Schroder Investment Management Group

Schroder Investment Management Group reduced its position in Celanese Corporation (NYSE:CE) by 5.5% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 209,515 shares of the basic materials company’s stock after selling 12,100 shares during the period. Schroder Investment Management Group owned about 0.15% of Celanese worth $21,862,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Celanese by 24.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,059 shares of the basic materials company’s stock worth $101,000 after buying an additional 206 shares during the period. Barrett Asset Management LLC acquired a new position in shares of Celanese in the 2nd quarter valued at $142,000. Fiduciary Trust Co. purchased a new position in shares of Celanese in the 2nd quarter valued at about $150,000. Toronto Dominion Bank increased its holdings in shares of Celanese by 8.4% in the 2nd quarter. Toronto Dominion Bank now owns 1,731 shares of the basic materials company’s stock valued at $164,000 after purchasing an additional 134 shares in the last quarter. Finally, IBM Retirement Fund purchased a new position in shares of Celanese in the 3rd quarter valued at about $217,000. 96.17% of the stock is owned by institutional investors.

In related news, CFO Christopher W. Jensen sold 1,000 shares of the stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $104.68, for a total transaction of $104,680.00. Following the completion of the sale, the chief financial officer now directly owns 60,086 shares of the company’s stock, valued at $6,289,802.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John K. Wulff sold 2,500 shares of the stock in a transaction that occurred on Tuesday, October 24th. The shares were sold at an average price of $105.88, for a total value of $264,700.00. Following the sale, the director now directly owns 30,175 shares of the company’s stock, valued at $3,194,929. The disclosure for this sale can be found here. 0.42% of the stock is owned by corporate insiders.

Several equities research analysts recently issued reports on the stock. Royal Bank Of Canada raised their target price on shares of Celanese from $109.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 18th. Jefferies Group reiterated a “buy” rating and set a $122.00 price objective on shares of Celanese in a research note on Thursday, October 19th. KeyCorp restated a “buy” rating and issued a $106.00 price target on shares of Celanese in a research note on Thursday, August 24th. Citigroup reduced their price target on shares of Celanese from $122.00 to $120.00 and set a “buy” rating for the company in a report on Wednesday, October 18th. Finally, UBS boosted their price target on shares of Celanese from $100.00 to $107.00 and gave the company a “neutral” rating in a report on Tuesday, October 17th. One research analyst has rated the stock with a sell rating, five have given a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company. Celanese has a consensus rating of “Buy” and a consensus target price of $107.74.

Celanese Corporation (NYSE:CE) traded up $0.31 on Tuesday, reaching $106.80. The company had a trading volume of 446,400 shares, compared to its average volume of 868,356. The company has a market cap of $14,490.00, a P/E ratio of 15.10, a PEG ratio of 1.61 and a beta of 1.32. Celanese Corporation has a twelve month low of $78.38 and a twelve month high of $109.11. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.69 and a quick ratio of 1.16.

Celanese (NYSE:CE) last announced its quarterly earnings data on Monday, October 16th. The basic materials company reported $1.93 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.92 by $0.01. Celanese had a return on equity of 31.98% and a net margin of 13.66%. The firm had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.49 billion. During the same period in the previous year, the firm earned $1.67 EPS. The company’s quarterly revenue was up 18.4% compared to the same quarter last year. sell-side analysts predict that Celanese Corporation will post 7.37 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 9th. Investors of record on Monday, October 30th were given a dividend of $0.46 per share. The ex-dividend date of this dividend was Friday, October 27th. This represents a $1.84 annualized dividend and a dividend yield of 1.72%. Celanese’s payout ratio is 31.62%.

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Celanese Profile

Celanese Corporation (Celanese) is a technology and specialty materials company. The Company’s segments include Advanced Engineered Materials, Consumer Specialties, Industrial Specialties, Acetyl Intermediates and Other Activities. The Advanced Engineered Materials segment includes the Company’s engineered materials business and certain affiliates.

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Institutional Ownership by Quarter for Celanese (NYSE:CE)

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