Signal Advisors Wealth LLC Purchases 8,142 Shares of Celanese Co. (NYSE:CE)

Signal Advisors Wealth LLC increased its position in Celanese Co. (NYSE:CE) by 93.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 16,812 shares of the basic materials company’s stock after purchasing an additional 8,142 shares during the quarter. Signal Advisors Wealth LLC’s holdings in Celanese were worth $1,164,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Wellington Management Group LLP raised its stake in shares of Celanese by 27.4% in the 3rd quarter. Wellington Management Group LLP now owns 9,460,353 shares of the basic materials company’s stock valued at $1,286,230,000 after buying an additional 2,036,362 shares in the last quarter. Thrivent Financial for Lutherans increased its stake in Celanese by 608.2% in the third quarter. Thrivent Financial for Lutherans now owns 689,570 shares of the basic materials company’s stock valued at $93,754,000 after acquiring an additional 592,196 shares during the period. Geode Capital Management LLC raised its position in Celanese by 7.3% in the third quarter. Geode Capital Management LLC now owns 2,606,172 shares of the basic materials company’s stock worth $353,145,000 after purchasing an additional 177,552 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Celanese by 14.9% during the second quarter. Dimensional Fund Advisors LP now owns 1,161,298 shares of the basic materials company’s stock worth $156,663,000 after purchasing an additional 150,201 shares during the period. Finally, State Street Corp boosted its holdings in Celanese by 3.1% during the third quarter. State Street Corp now owns 4,500,813 shares of the basic materials company’s stock valued at $611,931,000 after purchasing an additional 136,994 shares in the last quarter. Institutional investors and hedge funds own 98.87% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CE. Bank of America raised Celanese from an “underperform” rating to a “buy” rating and dropped their target price for the stock from $95.00 to $88.00 in a report on Tuesday. Morgan Stanley dropped their price objective on Celanese from $100.00 to $80.00 and set an “equal weight” rating for the company in a research note on Monday. Citigroup cut their price objective on Celanese from $100.00 to $73.00 and set a “neutral” rating for the company in a report on Wednesday, December 18th. KeyCorp lowered shares of Celanese from an “overweight” rating to a “sector weight” rating in a report on Monday, October 7th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Celanese from a “hold” rating to a “buy” rating and cut their price target for the company from $135.00 to $110.00 in a report on Wednesday, November 6th. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $106.00.

Celanese Trading Up 5.4 %

CE stock opened at $71.05 on Wednesday. The company has a quick ratio of 0.76, a current ratio of 1.37 and a debt-to-equity ratio of 1.47. Celanese Co. has a twelve month low of $64.05 and a twelve month high of $172.16. The company has a market cap of $7.77 billion, a P/E ratio of 7.15, a PEG ratio of 0.72 and a beta of 1.18. The business has a fifty day moving average of $71.49 and a 200-day moving average of $110.14.

Celanese (NYSE:CE) last announced its quarterly earnings data on Monday, November 4th. The basic materials company reported $2.44 earnings per share for the quarter, missing the consensus estimate of $2.85 by ($0.41). The firm had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $2.70 billion. Celanese had a return on equity of 13.17% and a net margin of 10.40%. The business’s revenue for the quarter was down 2.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.50 earnings per share. As a group, equities research analysts expect that Celanese Co. will post 8.38 EPS for the current year.

Celanese Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 13th. Shareholders of record on Wednesday, October 30th were paid a $0.70 dividend. The ex-dividend date of this dividend was Wednesday, October 30th. This represents a $2.80 dividend on an annualized basis and a yield of 3.94%. Celanese’s payout ratio is presently 28.17%.

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.