Celanese Corporation $CE Shares Sold by Charles Schwab Investment Management Inc.

Key Points

• Charles Schwab Investment Management Inc. reduced its stakes in Celanese Corporation by 11.9% during Q1, selling 123,457 shares, and now owns approximately 0.84% of the company, valued at about $51.9 million.
• Several analysts have adjusted their price targets for Celanese, with Citigroup raising it to $65.00 while JPMorgan decreased theirs to $40.00, indicating mixed sentiment among Wall Street analysts regarding the stock.
• On August 11th, Celanese announced a quarterly dividend of $0.03 per share, with a current dividend yield of 0.3%, reflecting a challenging financial environment for the company, as shown by a negative net margin of -16.30%.

Charles Schwab Investment Management Inc. lessened its holdings in Celanese Corporation (NYSE:CE - Free Report) by 11.9% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 914,300 shares of the basic materials company's stock after selling 123,457 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.84% of Celanese worth $51,905,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of CE. State of Wyoming increased its holdings in Celanese by 122.5% in the fourth quarter. State of Wyoming now owns 485 shares of the basic materials company's stock valued at $34,000 after buying an additional 267 shares during the last quarter. Mather Group LLC. increased its holdings in Celanese by 127.0% in the first quarter. Mather Group LLC. now owns 622 shares of the basic materials company's stock valued at $35,000 after buying an additional 348 shares during the last quarter. LRI Investments LLC increased its holdings in Celanese by 739.1% in the fourth quarter. LRI Investments LLC now owns 537 shares of the basic materials company's stock valued at $37,000 after buying an additional 473 shares during the last quarter. American National Bank & Trust purchased a new position in Celanese in the first quarter valued at $40,000. Finally, Caption Management LLC purchased a new position in Celanese in the fourth quarter valued at $48,000. Institutional investors and hedge funds own 98.87% of the company's stock.

Insider Buying and Selling

In other Celanese news, SVP Mark Christopher Murray acquired 1,479 shares of the company's stock in a transaction on Friday, May 23rd. The shares were bought at an average cost of $52.18 per share, for a total transaction of $77,174.22. Following the completion of the purchase, the senior vice president owned 15,468 shares in the company, valued at $807,120.24. This trade represents a 10.57% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.33% of the company's stock.

Celanese Stock Performance

NYSE CE traded down $0.7290 during trading on Thursday, reaching $44.6610. The company's stock had a trading volume of 59,448 shares, compared to its average volume of 2,814,577. The company has a debt-to-equity ratio of 2.22, a quick ratio of 1.22 and a current ratio of 2.05. The firm has a market cap of $4.89 billion, a price-to-earnings ratio of -3.02, a P/E/G ratio of 1.96 and a beta of 1.10. Celanese Corporation has a twelve month low of $36.29 and a twelve month high of $142.54. The business's fifty day moving average price is $54.12 and its 200-day moving average price is $53.21.

Celanese (NYSE:CE - Get Free Report) last posted its quarterly earnings data on Monday, August 11th. The basic materials company reported $1.44 EPS for the quarter, beating analysts' consensus estimates of $1.38 by $0.06. The company had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.50 billion. Celanese had a negative net margin of 16.30% and a positive return on equity of 10.48%. Celanese's quarterly revenue was down 4.5% on a year-over-year basis. During the same period in the previous year, the business posted $2.38 earnings per share. Celanese has set its Q3 2025 guidance at 1.100-1.400 EPS. As a group, analysts anticipate that Celanese Corporation will post 8.79 EPS for the current fiscal year.

Celanese Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 11th. Shareholders of record on Tuesday, July 29th were paid a $0.03 dividend. The ex-dividend date was Tuesday, July 29th. This represents a $0.12 dividend on an annualized basis and a yield of 0.3%. Celanese's payout ratio is currently -0.81%.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Robert W. Baird dropped their target price on Celanese from $67.00 to $50.00 and set an "outperform" rating on the stock in a report on Wednesday, August 13th. Bank of America dropped their target price on Celanese from $65.00 to $59.00 and set a "buy" rating on the stock in a report on Wednesday, August 13th. Deutsche Bank Aktiengesellschaft set a $52.00 price target on shares of Celanese and gave the company a "buy" rating in a research report on Wednesday, August 13th. Royal Bank Of Canada reduced their price target on shares of Celanese from $63.00 to $45.00 and set a "sector perform" rating for the company in a research report on Thursday, August 14th. Finally, Wall Street Zen raised shares of Celanese from a "sell" rating to a "hold" rating in a research report on Wednesday, May 14th. Six equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $59.94.

About Celanese

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.