TD Waterhouse Canada Inc. Raises Holdings in Celanese Co. (NYSE:CE)

TD Waterhouse Canada Inc. lifted its position in shares of Celanese Co. (NYSE:CE - Free Report) by 6,593.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,080 shares of the basic materials company's stock after acquiring an additional 19,780 shares during the quarter. TD Waterhouse Canada Inc.'s holdings in Celanese were worth $1,390,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of CE. Barclays PLC increased its position in shares of Celanese by 14.0% during the third quarter. Barclays PLC now owns 281,709 shares of the basic materials company's stock worth $38,300,000 after purchasing an additional 34,658 shares in the last quarter. Pine Valley Investments Ltd Liability Co grew its holdings in shares of Celanese by 29.0% during the third quarter. Pine Valley Investments Ltd Liability Co now owns 17,397 shares of the basic materials company's stock worth $2,365,000 after buying an additional 3,906 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Celanese in the third quarter valued at about $179,000. Oddo BHF Asset Management Sas purchased a new position in shares of Celanese in the third quarter worth about $1,302,000. Finally, Principal Financial Group Inc. boosted its position in Celanese by 11.8% during the third quarter. Principal Financial Group Inc. now owns 128,201 shares of the basic materials company's stock worth $17,430,000 after acquiring an additional 13,503 shares during the last quarter. Hedge funds and other institutional investors own 98.87% of the company's stock.

Analyst Ratings Changes

CE has been the topic of a number of research reports. KeyCorp decreased their target price on shares of Celanese from $76.00 to $71.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th. Barclays lowered their price objective on Celanese from $75.00 to $59.00 and set an "equal weight" rating on the stock in a research note on Monday, February 24th. Morgan Stanley reduced their price target on Celanese from $100.00 to $80.00 and set an "equal weight" rating on the stock in a report on Monday, January 13th. Robert W. Baird cut their price objective on shares of Celanese from $110.00 to $67.00 and set an "outperform" rating for the company in a research report on Thursday, February 20th. Finally, BMO Capital Markets dropped their price target on shares of Celanese from $73.00 to $46.00 and set an "underperform" rating for the company in a research note on Thursday, February 20th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $61.33.

Celanese Stock Down 1.1 %

Shares of NYSE CE traded down $0.50 during mid-day trading on Wednesday, hitting $43.99. The company had a trading volume of 610,799 shares, compared to its average volume of 2,040,977. The company has a market capitalization of $4.81 billion, a PE ratio of -3.16, a price-to-earnings-growth ratio of 1.05 and a beta of 1.08. The business's 50-day simple moving average is $49.12 and its 200 day simple moving average is $69.98. Celanese Co. has a 1-year low of $36.29 and a 1-year high of $169.50. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.34 and a quick ratio of 0.76.

Celanese (NYSE:CE - Get Free Report) last announced its quarterly earnings data on Tuesday, February 18th. The basic materials company reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.25 by $0.20. Celanese had a positive return on equity of 12.86% and a negative net margin of 14.81%. The business had revenue of $2.37 billion during the quarter, compared to analysts' expectations of $2.36 billion. On average, analysts predict that Celanese Co. will post 8.79 earnings per share for the current year.

Celanese Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 12th. Investors of record on Monday, April 28th will be issued a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.27%. The ex-dividend date is Monday, April 28th. Celanese's dividend payout ratio (DPR) is presently -0.86%.

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.