Wellington Management Group LLP Lowers Position in Celanese Corporation $CE

Wellington Management Group LLP cut its position in shares of Celanese Corporation (NYSE:CEFree Report) by 33.0% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 462,199 shares of the basic materials company’s stock after selling 228,163 shares during the quarter. Wellington Management Group LLP’s holdings in Celanese were worth $21,261,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CE. Geneos Wealth Management Inc. lifted its position in Celanese by 111.1% during the second quarter. Geneos Wealth Management Inc. now owns 513 shares of the basic materials company’s stock valued at $28,000 after buying an additional 270 shares during the period. National Bank of Canada FI purchased a new stake in shares of Celanese in the 3rd quarter worth about $34,000. Smartleaf Asset Management LLC increased its stake in shares of Celanese by 100.0% in the 2nd quarter. Smartleaf Asset Management LLC now owns 662 shares of the basic materials company’s stock worth $38,000 after acquiring an additional 331 shares in the last quarter. UMB Bank n.a. increased its stake in shares of Celanese by 175.7% in the 4th quarter. UMB Bank n.a. now owns 896 shares of the basic materials company’s stock worth $38,000 after acquiring an additional 571 shares in the last quarter. Finally, Kestra Advisory Services LLC purchased a new position in Celanese during the 4th quarter valued at about $41,000. 98.87% of the stock is owned by hedge funds and other institutional investors.

Celanese Stock Performance

Shares of CE stock opened at $44.81 on Monday. The company has a market capitalization of $4.92 billion, a price-to-earnings ratio of -4.19, a price-to-earnings-growth ratio of 0.29 and a beta of 0.76. The company has a debt-to-equity ratio of 2.33, a quick ratio of 0.87 and a current ratio of 1.45. Celanese Corporation has a one year low of $35.13 and a one year high of $70.70. The company’s 50-day moving average is $45.65 and its 200 day moving average is $53.08.

Celanese (NYSE:CEGet Free Report) last posted its earnings results on Tuesday, August 4th. The basic materials company reported $2.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.23 by $0.22. The business had revenue of $2.75 billion for the quarter, compared to analysts’ expectations of $2.75 billion. Celanese had a negative net margin of 12.04% and a positive return on equity of 13.04%. The business’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.44 EPS. Celanese has set its Q3 2026 guidance at 1.350-1.750 EPS. Sell-side analysts expect that Celanese Corporation will post 5.99 EPS for the current fiscal year.

Celanese Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, August 10th. Investors of record on Tuesday, July 28th were paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend was Tuesday, July 28th. Celanese’s dividend payout ratio (DPR) is -1.12%.

Insider Buying and Selling

In other Celanese news, SVP Mark Murray purchased 2,153 shares of the company’s stock in a transaction on Tuesday, August 11th. The stock was acquired at an average cost of $45.52 per share, for a total transaction of $98,004.56. Following the purchase, the senior vice president directly owned 30,432 shares of the company’s stock, valued at $1,385,264.64. This trade represents a 7.61% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.34% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on CE shares. Wall Street Zen lowered shares of Celanese from a “buy” rating to a “hold” rating in a research note on Saturday, June 20th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Celanese in a report on Friday, August 21st. Citigroup dropped their price target on Celanese from $80.00 to $68.00 and set a “buy” rating on the stock in a research report on Wednesday, June 24th. Mizuho set a $50.00 price target on Celanese in a research note on Wednesday, August 5th. Finally, BMO Capital Markets reduced their price objective on Celanese from $57.00 to $54.00 and set a “market perform” rating for the company in a research report on Wednesday, August 5th. Nine equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $63.71.

Read Our Latest Stock Report on Celanese

About Celanese

(Free Report)

Celanese Corporation is a global chemical and specialty materials company that develops, manufactures and markets a broad portfolio of products serving diverse industries. The company operates through two primary business segments—Engineered Materials and Acetyl Chain—offering solutions that range from high-performance polymers and specialty additives to industrial chemicals and intermediates. Its engineered materials are used in applications such as automotive components, consumer electronics, medical devices and packaging, while its acetyl derivatives find uses in coatings, adhesives, solvents and personal care products.

In the Engineered Materials segment, Celanese produces a variety of high-performance thermoplastics, polyether-block-amide (PEBA) elastomers and functional additives designed to enhance product durability, thermal resistance and sustainability.

See Also

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Institutional Ownership by Quarter for Celanese (NYSE:CE)

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