Celanese Co. (NYSE:CE) Shares Purchased by Toronto Dominion Bank

Toronto Dominion Bank grew its stake in shares of Celanese Co. (NYSE:CE - Free Report) by 22.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 58,476 shares of the basic materials company's stock after purchasing an additional 10,798 shares during the period. Toronto Dominion Bank owned about 0.05% of Celanese worth $4,047,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Dodge & Cox grew its holdings in shares of Celanese by 100.3% during the 4th quarter. Dodge & Cox now owns 13,618,062 shares of the basic materials company's stock worth $942,506,000 after purchasing an additional 6,818,993 shares in the last quarter. Invesco Ltd. increased its holdings in shares of Celanese by 105.0% in the fourth quarter. Invesco Ltd. now owns 3,969,284 shares of the basic materials company's stock worth $274,714,000 after acquiring an additional 2,033,025 shares in the last quarter. Norges Bank bought a new stake in shares of Celanese in the fourth quarter worth about $222,815,000. Geode Capital Management LLC boosted its position in shares of Celanese by 2.8% during the fourth quarter. Geode Capital Management LLC now owns 2,679,670 shares of the basic materials company's stock worth $184,998,000 after buying an additional 73,498 shares during the period. Finally, Fuller & Thaler Asset Management Inc. boosted its position in Celanese by 4,506.7% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 2,344,661 shares of the basic materials company's stock valued at $162,274,000 after purchasing an additional 2,293,764 shares during the last quarter. 98.87% of the stock is owned by hedge funds and other institutional investors.

Celanese Price Performance

Shares of CE stock traded up $2.75 on Tuesday, reaching $55.25. 952,318 shares of the company were exchanged, compared to its average volume of 2,194,092. Celanese Co. has a 1 year low of $36.29 and a 1 year high of $153.71. The company has a market cap of $6.04 billion, a price-to-earnings ratio of -3.97, a P/E/G ratio of 1.05 and a beta of 1.09. The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.76 and a current ratio of 1.34. The business has a 50-day moving average price of $48.01 and a 200 day moving average price of $60.13.

Celanese (NYSE:CE - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The basic materials company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.37 by $0.20. The firm had revenue of $2.39 billion for the quarter, compared to analyst estimates of $2.26 billion. Celanese had a negative net margin of 14.81% and a positive return on equity of 12.86%. The business's revenue for the quarter was down 8.5% compared to the same quarter last year. During the same period in the prior year, the business posted $2.08 EPS. Equities research analysts forecast that Celanese Co. will post 8.79 earnings per share for the current fiscal year.

Celanese Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, May 12th. Shareholders of record on Monday, April 28th were given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 0.22%. The ex-dividend date was Monday, April 28th. Celanese's payout ratio is currently -0.79%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on CE shares. Evercore ISI lowered their target price on Celanese from $85.00 to $75.00 and set an "in-line" rating on the stock in a research note on Monday, March 24th. JPMorgan Chase & Co. decreased their price target on Celanese from $92.00 to $54.00 and set a "neutral" rating on the stock in a research note on Thursday, February 20th. Robert W. Baird cut their price objective on Celanese from $110.00 to $67.00 and set an "outperform" rating on the stock in a report on Thursday, February 20th. Wall Street Zen raised Celanese from a "sell" rating to a "hold" rating in a report on Wednesday, May 14th. Finally, KeyCorp boosted their price objective on Celanese from $71.00 to $76.00 and gave the company an "overweight" rating in a research note on Wednesday, May 7th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $61.94.

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.