Wellington Management Group LLP Cuts Stake in Celanese Corporation $CE

Wellington Management Group LLP reduced its stake in Celanese Corporation (NYSE:CE) by 18.3% during the first quarter, according to its most recent filing with the SEC. The fund owned 1,129,360 shares of the basic materials company’s stock after selling 253,748 shares during the quarter. Wellington Management Group LLP owned 1.03% of Celanese worth $64,114,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Strengthening Families & Communities LLC boosted its holdings in shares of Celanese by 73.2% in the 1st quarter. Strengthening Families & Communities LLC now owns 440 shares of the basic materials company’s stock worth $25,000 after buying an additional 186 shares during the last quarter. Summit Securities Group LLC bought a new stake in Celanese in the 1st quarter valued at about $30,000. State of Wyoming raised its stake in Celanese by 122.5% in the 4th quarter. State of Wyoming now owns 485 shares of the basic materials company’s stock valued at $34,000 after acquiring an additional 267 shares during the period. Mather Group LLC. raised its stake in Celanese by 127.0% in the 1st quarter. Mather Group LLC. now owns 622 shares of the basic materials company’s stock valued at $35,000 after acquiring an additional 348 shares during the period. Finally, LRI Investments LLC raised its stake in Celanese by 739.1% in the 4th quarter. LRI Investments LLC now owns 537 shares of the basic materials company’s stock valued at $37,000 after acquiring an additional 473 shares during the period. 98.87% of the stock is owned by hedge funds and other institutional investors.

Celanese Trading Up 8.4%

Shares of CE opened at $48.4380 on Friday. The business’s 50-day moving average price is $53.75 and its 200-day moving average price is $52.88. Celanese Corporation has a twelve month low of $36.29 and a twelve month high of $142.54. The stock has a market cap of $5.30 billion, a PE ratio of -3.27, a P/E/G ratio of 1.93 and a beta of 1.10. The company has a quick ratio of 1.22, a current ratio of 2.05 and a debt-to-equity ratio of 2.22.

Celanese (NYSE:CE) last announced its quarterly earnings results on Monday, August 11th. The basic materials company reported $1.44 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.06. The firm had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $2.50 billion. Celanese had a positive return on equity of 10.48% and a negative net margin of 16.30%.The company’s revenue was down 4.5% on a year-over-year basis. During the same period in the prior year, the business posted $2.38 earnings per share. Celanese has set its Q3 2025 guidance at 1.100-1.400 EPS. On average, equities analysts forecast that Celanese Corporation will post 8.79 EPS for the current fiscal year.

Celanese Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 11th. Investors of record on Tuesday, July 29th were given a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Tuesday, July 29th. Celanese’s dividend payout ratio is -0.81%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on CE. Deutsche Bank Aktiengesellschaft set a $52.00 price objective on Celanese and gave the company a “buy” rating in a research note on Wednesday, August 13th. Wells Fargo & Company lowered their price objective on Celanese from $72.00 to $60.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 13th. Zacks Research cut Celanese from a “hold” rating to a “strong sell” rating in a research note on Thursday, August 14th. Cfra Research upgraded Celanese to a “moderate sell” rating in a research note on Tuesday, August 12th. Finally, Robert W. Baird lowered their price objective on Celanese from $67.00 to $50.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 13th. Six equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Celanese has a consensus rating of “Hold” and an average target price of $59.94.

Celanese Company Profile

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.