Bell & Brown Wealth Advisors LLC purchased a new stake in shares of Celanese Corporation (NYSE:CE - Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor purchased 44,737 shares of the basic materials company's stock, valued at approximately $2,058,000.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Celanese by 41.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,450 shares of the basic materials company's stock valued at $1,842,000 after buying an additional 9,543 shares during the period. NewEdge Advisors LLC increased its holdings in Celanese by 265.2% during the 1st quarter. NewEdge Advisors LLC now owns 5,032 shares of the basic materials company's stock worth $286,000 after purchasing an additional 3,654 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in shares of Celanese by 144.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,276 shares of the basic materials company's stock worth $71,000 after buying an additional 755 shares during the period. Baird Financial Group Inc. lifted its holdings in shares of Celanese by 42.1% in the 2nd quarter. Baird Financial Group Inc. now owns 7,768 shares of the basic materials company's stock worth $430,000 after buying an additional 2,303 shares during the period. Finally, California Public Employees Retirement System grew its position in shares of Celanese by 6.5% during the 2nd quarter. California Public Employees Retirement System now owns 184,980 shares of the basic materials company's stock worth $10,235,000 after buying an additional 11,347 shares in the last quarter. 98.87% of the stock is currently owned by hedge funds and other institutional investors.
Celanese Stock Performance
CE opened at $46.17 on Thursday. The company has a market cap of $5.07 billion, a P/E ratio of -4.32, a price-to-earnings-growth ratio of 0.29 and a beta of 0.76. The company has a quick ratio of 0.87, a current ratio of 1.45 and a debt-to-equity ratio of 2.33. The firm's 50-day moving average price is $46.92 and its 200-day moving average price is $53.82. Celanese Corporation has a 52-week low of $35.13 and a 52-week high of $70.70.
Celanese (NYSE:CE - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The basic materials company reported $2.45 earnings per share for the quarter, beating analysts' consensus estimates of $2.23 by $0.22. The firm had revenue of $2.75 billion for the quarter, compared to analyst estimates of $2.75 billion. Celanese had a negative net margin of 12.04% and a positive return on equity of 13.04%. The business's quarterly revenue was up 8.7% compared to the same quarter last year. During the same period in the previous year, the company earned $1.44 earnings per share. Celanese has set its Q3 2026 guidance at 1.350-1.750 EPS. As a group, equities analysts anticipate that Celanese Corporation will post 5.94 EPS for the current fiscal year.
Celanese Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 10th. Stockholders of record on Tuesday, July 28th were issued a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend was Tuesday, July 28th. Celanese's dividend payout ratio is -1.12%.
Analyst Ratings Changes
A number of research firms have recently issued reports on CE. Royal Bank Of Canada increased their price objective on shares of Celanese from $66.00 to $68.00 and gave the company a "sector perform" rating in a research note on Monday, May 11th. Mizuho set a $50.00 price target on Celanese in a report on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft set a $50.00 price objective on Celanese in a research note on Thursday, August 6th. BMO Capital Markets dropped their price objective on Celanese from $57.00 to $54.00 and set a "market perform" rating on the stock in a research report on Wednesday, August 5th. Finally, JPMorgan Chase & Co. lifted their target price on Celanese from $53.00 to $68.00 and gave the company an "overweight" rating in a research note on Thursday, May 7th. Nine analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, Celanese presently has an average rating of "Hold" and a consensus target price of $63.47.
Check Out Our Latest Stock Analysis on CE
Insider Activity at Celanese
In related news, SVP Mark Christopher Murray bought 2,153 shares of the stock in a transaction dated Tuesday, August 11th. The shares were purchased at an average price of $45.52 per share, for a total transaction of $98,004.56. Following the completion of the purchase, the senior vice president directly 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.34% of the stock is owned by insiders.
About Celanese
(
Free Report)
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.
See Also
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