Private Wealth Asset Management LLC Trims Holdings in Celanese Corporation $CE

Private Wealth Asset Management LLC lowered its stake in shares of Celanese Corporation (NYSE:CE) by 13.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,327 shares of the basic materials company’s stock after selling 360 shares during the quarter. Private Wealth Asset Management LLC’s holdings in Celanese were worth $129,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Strengthening Families & Communities LLC grew its stake in shares of Celanese by 73.2% in the 1st quarter. Strengthening Families & Communities LLC now owns 440 shares of the basic materials company’s stock valued at $25,000 after purchasing an additional 186 shares during the last quarter. Summit Securities Group LLC acquired a new position in Celanese in the 1st quarter valued at $30,000. Mather Group LLC. raised its position in Celanese by 127.0% during the 1st quarter. Mather Group LLC. now owns 622 shares of the basic materials company’s stock worth $35,000 after buying an additional 348 shares during the last quarter. LRI Investments LLC lifted its stake in shares of Celanese by 99.0% in the 2nd quarter. LRI Investments LLC now owns 758 shares of the basic materials company’s stock worth $42,000 after acquiring an additional 377 shares during the period. Finally, SOA Wealth Advisors LLC. purchased a new stake in shares of Celanese in the second quarter valued at about $50,000. 98.87% of the stock is owned by hedge funds and other institutional investors.

Celanese Price Performance

Celanese stock opened at $40.19 on Thursday. The stock has a market capitalization of $4.40 billion, a P/E ratio of -2.71, a P/E/G ratio of 1.87 and a beta of 1.13. Celanese Corporation has a 12-month low of $36.29 and a 12-month high of $136.68. The company has a debt-to-equity ratio of 2.22, a current ratio of 2.05 and a quick ratio of 1.22. The firm’s 50-day moving average is $44.39 and its two-hundred day moving average is $49.21.

Celanese (NYSE:CE) last announced its quarterly earnings data on Monday, August 11th. The basic materials company reported $1.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.06. The business had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.50 billion. Celanese had a negative net margin of 16.30% and a positive return on equity of 10.48%. The company’s quarterly revenue was down 4.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.38 earnings per share. Celanese has set its Q3 2025 guidance at 1.100-1.400 EPS. Equities analysts predict that Celanese Corporation will post 8.79 earnings per share for the current year.

Celanese Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 12th. Investors of record on Tuesday, October 28th will be paid a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.3%. The ex-dividend date is Tuesday, October 28th. Celanese’s dividend payout ratio is presently -0.81%.

Insiders Place Their Bets

In other Celanese news, Director Timothy Go purchased 1,039 shares of the firm’s stock in a transaction on Monday, September 8th. The shares were purchased at an average cost of $46.25 per share, with a total value of $48,053.75. Following the purchase, the director owned 4,415 shares in the company, valued at approximately $204,193.75. This represents a 30.78% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.33% of the company’s stock.

Analyst Upgrades and Downgrades

CE has been the topic of a number of analyst reports. Citigroup raised Celanese from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $47.00 to $53.00 in a report on Thursday, October 2nd. Royal Bank Of Canada set a $43.00 target price on Celanese in a report on Tuesday. UBS Group cut their price target on shares of Celanese from $49.00 to $48.00 and set a “neutral” rating for the company in a report on Monday, October 6th. Bank of America lowered their target price on shares of Celanese from $59.00 to $57.00 and set a “buy” rating on the stock in a research report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft set a $52.00 target price on shares of Celanese and gave the company a “buy” rating in a report on Wednesday, August 13th. Seven equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, Celanese has a consensus rating of “Hold” and a consensus price target of $56.11.

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.