The Manufacturers Life Insurance Company Takes Position in Celanese Corporation $CE

The Manufacturers Life Insurance Company acquired a new position in Celanese Corporation (NYSE:CE) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 30,813 shares of the basic materials company’s stock, valued at approximately $1,417,000.

A number of other hedge funds have also added to or reduced their stakes in the business. Childress Capital Advisors LLC increased its stake in Celanese by 3.6% in the 1st quarter. Childress Capital Advisors LLC now owns 5,587 shares of the basic materials company’s stock valued at $367,000 after buying an additional 192 shares during the last quarter. AdvisorNet Financial Inc boosted its stake in shares of Celanese by 14.5% during the 1st quarter. AdvisorNet Financial Inc now owns 1,815 shares of the basic materials company’s stock worth $119,000 after buying an additional 230 shares during the last quarter. Deseret Mutual Benefit Administrators grew its holdings in shares of Celanese by 20.7% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 1,399 shares of the basic materials company’s stock valued at $59,000 after acquiring an additional 240 shares in the last quarter. Bessemer Group Inc. raised its holdings in Celanese by 7.1% during the first quarter. Bessemer Group Inc. now owns 3,970 shares of the basic materials company’s stock worth $262,000 after acquiring an additional 262 shares in the last quarter. Finally, Geneos Wealth Management Inc. raised its holdings in Celanese by 111.1% during the second quarter. Geneos Wealth Management Inc. now owns 513 shares of the basic materials company’s stock worth $28,000 after acquiring an additional 270 shares in the last quarter. Institutional investors own 98.87% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Mark Murray bought 2,153 shares of the company’s stock in a transaction dated Tuesday, August 11th. The stock was bought at an average price of $45.52 per share, with a total value of $98,004.56. Following the completion of the acquisition, the senior vice president owned 30,432 shares of the company’s stock, valued at $1,385,264.64. This represents a 7.61% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 0.34% of the stock is owned by insiders.

Celanese Price Performance

NYSE:CE opened at $45.25 on Friday. The company has a market cap of $4.97 billion, a P/E ratio of -4.23, a P/E/G ratio of 0.30 and a beta of 0.76. The firm’s fifty day moving average price is $45.73 and its two-hundred day moving average price is $53.18. Celanese Corporation has a one year low of $35.13 and a one year high of $70.70. The company has a debt-to-equity ratio of 2.33, a current ratio of 1.45 and a quick ratio of 0.87.

Celanese (NYSE:CE) last issued its quarterly earnings data on Tuesday, August 4th. The basic materials company reported $2.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.23 by $0.22. Celanese had a negative net margin of 12.04% and a positive return on equity of 13.04%. The firm had revenue of $2.75 billion during the quarter, compared to the consensus estimate of $2.75 billion. During the same period last year, the business posted $1.44 earnings per share. The business’s revenue for the quarter was up 8.7% compared to the same quarter last year. Celanese has set its Q3 2026 guidance at 1.350-1.750 EPS. Equities analysts expect that Celanese Corporation will post 5.99 earnings per share for the current year.

Celanese Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 10th. Shareholders of record on Tuesday, July 28th were given a dividend of $0.03 per share. The ex-dividend date was Tuesday, July 28th. This represents a $0.12 annualized dividend and a yield of 0.3%. Celanese’s dividend payout ratio (DPR) is presently -1.12%.

Analysts Set New Price Targets

CE has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft set a $50.00 price target on Celanese in a research note on Thursday, August 6th. Weiss Ratings reissued a “sell (d-)” rating on shares of Celanese in a report on Friday, August 21st. BMO Capital Markets lowered their target price on shares of Celanese from $57.00 to $54.00 and set a “market perform” rating on the stock in a report on Wednesday, August 5th. Wall Street Zen lowered shares of Celanese from a “buy” rating to a “hold” rating in a research report on Saturday, June 20th. Finally, Citigroup cut their price target on shares of Celanese from $80.00 to $68.00 and set a “buy” rating for the company in a research note on Wednesday, June 24th. Nine analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $63.71.

Celanese Profile

Celanese Corporation is a global chemical and specialty materials company that develops, manufactures and markets a broad portfolio of products serving diverse industries. The company operates through two primary business segments—Engineered Materials and Acetyl Chain—offering solutions that range from high-performance polymers and specialty additives to industrial chemicals and intermediates. Its engineered materials are used in applications such as automotive components, consumer electronics, medical devices and packaging, while its acetyl derivatives find uses in coatings, adhesives, solvents and personal care products.

In the Engineered Materials segment, Celanese produces a variety of high-performance thermoplastics, polyether-block-amide (PEBA) elastomers and functional additives designed to enhance product durability, thermal resistance and sustainability.