Capital Analysts LLC Acquires Shares of 956 Celanese Co. (NYSE:CE)

Capital Analysts LLC acquired a new stake in Celanese Co. (NYSE:CE) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 956 shares of the basic materials company’s stock, valued at approximately $143,000.

A number of other large investors have also recently bought and sold shares of the business. Denali Advisors LLC acquired a new stake in shares of Celanese in the 1st quarter valued at about $30,000. E Fund Management Co. Ltd. acquired a new stake in shares of Celanese in the 1st quarter valued at about $30,000. Solstein Capital LLC acquired a new stake in shares of Celanese in the 1st quarter valued at about $33,000. Vantage Consulting Group Inc acquired a new stake in shares of Celanese in the 4th quarter valued at about $31,000. Finally, Wealthcare Advisory Partners LLC acquired a new stake in shares of Celanese in the 1st quarter valued at about $43,000. 92.73% of the stock is owned by institutional investors.

Shares of NYSE:CE opened at $151.47 on Thursday. The company has a market capitalization of $17.06 billion, a PE ratio of 17.16, a price-to-earnings-growth ratio of 0.53 and a beta of 1.22. Celanese Co. has a 1-year low of $92.11 and a 1-year high of $171.00. The company has a quick ratio of 1.39, a current ratio of 1.92 and a debt-to-equity ratio of 0.80. The business’s 50 day simple moving average is $157.54.

Celanese (NYSE:CE) last issued its quarterly earnings results on Wednesday, April 21st. The basic materials company reported $3.46 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.96 by $0.50. The business had revenue of $1.80 billion during the quarter, compared to the consensus estimate of $1.72 billion. Celanese had a net margin of 34.86% and a return on equity of 30.19%. The firm’s quarterly revenue was up 23.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.29 EPS. As a group, research analysts predict that Celanese Co. will post 13.92 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, August 9th. Investors of record on Monday, July 26th will be given a $0.68 dividend. The ex-dividend date of this dividend is Friday, July 23rd. This represents a $2.72 annualized dividend and a dividend yield of 1.80%. Celanese’s dividend payout ratio (DPR) is presently 35.60%.

Several equities research analysts recently weighed in on the stock. KeyCorp increased their price objective on shares of Celanese from $158.00 to $183.00 and gave the stock an “overweight” rating in a research note on Friday, March 26th. Morgan Stanley increased their price objective on shares of Celanese from $150.00 to $157.00 and gave the stock an “equal weight” rating in a research note on Monday, April 26th. Wells Fargo & Company increased their price objective on shares of Celanese from $165.00 to $183.00 and gave the stock an “overweight” rating in a research note on Monday, April 26th. Alembic Global Advisors increased their price objective on shares of Celanese from $155.00 to $200.00 and gave the stock an “overweight” rating in a research note on Monday, May 3rd. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Celanese from a “hold” rating to a “buy” rating and increased their price objective for the stock from $168.00 to $175.00 in a research note on Thursday, July 1st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $159.71.

Celanese Profile

Celanese Corporation, a technology and specialty materials company, manufactures and sells high performance engineered polymers in the United States and internationally. The company operates through Engineered Materials, Acetate Tow, and Acetyl Chain segments. 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.

Featured Article: How to Use a Moving Average for TradingĀ 

Institutional Ownership by Quarter for Celanese (NYSE:CE)

Receive News & Ratings for Celanese Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Celanese and related companies with MarketBeat.com's FREE daily email newsletter.