Hsbc Holdings PLC Purchases 23,184 Shares of Celanese Co. (NYSE:CE)

Hsbc Holdings PLC raised its holdings in Celanese Co. (NYSE:CE - Free Report) by 12.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 213,820 shares of the basic materials company's stock after purchasing an additional 23,184 shares during the quarter. Hsbc Holdings PLC owned 0.20% of Celanese worth $14,792,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the business. Altshuler Shaham Ltd bought a new position in Celanese during the fourth quarter valued at $25,000. UMB Bank n.a. grew its stake in shares of Celanese by 103.7% during the 4th quarter. UMB Bank n.a. now owns 381 shares of the basic materials company's stock worth $26,000 after acquiring an additional 194 shares during the period. CKW Financial Group raised its stake in Celanese by 52.9% in the 4th quarter. CKW Financial Group now owns 535 shares of the basic materials company's stock valued at $37,000 after acquiring an additional 185 shares during the period. CENTRAL TRUST Co lifted its holdings in Celanese by 43.2% during the fourth quarter. CENTRAL TRUST Co now owns 670 shares of the basic materials company's stock valued at $46,000 after purchasing an additional 202 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in Celanese by 200.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 746 shares of the basic materials company's stock worth $52,000 after purchasing an additional 498 shares during the period. 98.87% of the stock is owned by hedge funds and other institutional investors.

Celanese Trading Up 1.0 %

NYSE:CE traded up $0.43 during midday trading on Friday, reaching $45.83. 2,097,240 shares of the stock traded hands, compared to its average volume of 2,079,492. The stock has a market capitalization of $5.01 billion, a P/E ratio of -3.29, a PEG ratio of 1.05 and a beta of 1.08. 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 company has a fifty day moving average of $48.63 and a 200 day moving average of $68.12. Celanese Co. has a 12 month low of $36.29 and a 12 month high of $169.50.

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

Celanese Announces Dividend

The business also recently declared 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 0.26%. The ex-dividend date is Monday, April 28th. Celanese's dividend payout ratio (DPR) is currently -0.86%.

Analyst Ratings Changes

CE has been the topic of a number of recent research reports. BMO Capital Markets dropped their price target on shares of Celanese from $73.00 to $46.00 and set an "underperform" rating on the stock in a research note on Thursday, February 20th. Evercore ISI reduced their price target on Celanese from $85.00 to $75.00 and set an "in-line" rating for the company in a research report on Monday, March 24th. Barclays dropped their price objective on Celanese from $75.00 to $59.00 and set an "equal weight" rating on the stock in a report on Monday, February 24th. Vertical Research raised Celanese from a "sell" rating to a "hold" rating and set a $66.00 target price for the company in a report on Thursday, March 6th. Finally, KeyCorp decreased their price target on Celanese from $76.00 to $71.00 and set an "overweight" rating on the stock in a research report on Monday, April 14th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Celanese has a consensus rating of "Hold" and a consensus price target of $61.33.

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.