Bank of New York Mellon Corp Buys 13,672 Shares of Celanese Co. (CE)

Bank of New York Mellon Corp boosted its stake in Celanese Co. (NYSE:CE) by 0.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,982,911 shares of the basic materials company’s stock after purchasing an additional 13,672 shares during the period. Bank of New York Mellon Corp owned about 1.46% of Celanese worth $212,331,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Gateway Investment Advisers LLC grew its holdings in Celanese by 27.3% during the 4th quarter. Gateway Investment Advisers LLC now owns 77,739 shares of the basic materials company’s stock worth $8,324,000 after acquiring an additional 16,668 shares during the period. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in Celanese by 1.2% during the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 434,546 shares of the basic materials company’s stock worth $45,310,000 after acquiring an additional 5,242 shares during the period. Aperio Group LLC grew its holdings in Celanese by 52.1% during the 3rd quarter. Aperio Group LLC now owns 70,114 shares of the basic materials company’s stock worth $7,311,000 after acquiring an additional 24,011 shares during the period. Macquarie Group Ltd. grew its holdings in Celanese by 10.2% during the 3rd quarter. Macquarie Group Ltd. now owns 157,840 shares of the basic materials company’s stock worth $16,458,000 after acquiring an additional 14,650 shares during the period. Finally, Swiss National Bank grew its holdings in Celanese by 0.5% during the 3rd quarter. Swiss National Bank now owns 516,230 shares of the basic materials company’s stock worth $53,827,000 after acquiring an additional 2,700 shares during the period. Institutional investors and hedge funds own 96.00% of the company’s stock.

In related news, CFO Christopher W. Jensen sold 3,000 shares of the firm’s stock in a transaction dated Thursday, January 11th. The shares were sold at an average price of $110.00, for a total value of $330,000.00. Following the transaction, the chief financial officer now owns 52,924 shares of the company’s stock, valued at approximately $5,821,640. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.42% of the stock is currently owned by company insiders.

Celanese Co. (NYSE CE) opened at $102.43 on Thursday. Celanese Co. has a 1 year low of $83.34 and a 1 year high of $114.00. The firm has a market cap of $13,910.00, a PE ratio of 14.95, a P/E/G ratio of 1.35 and a beta of 1.27. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.79 and a quick ratio of 1.21.

Celanese (NYSE:CE) last announced its quarterly earnings results on Thursday, January 25th. The basic materials company reported $1.98 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.86 by $0.12. Celanese had a net margin of 13.73% and a return on equity of 32.96%. The business had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.49 billion. During the same quarter last year, the firm earned $1.52 EPS. The firm’s revenue for the quarter was up 21.5% compared to the same quarter last year. equities analysts expect that Celanese Co. will post 8.52 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 2nd. Investors of record on Tuesday, February 20th will be given a $0.46 dividend. The ex-dividend date is Friday, February 16th. This represents a $1.84 annualized dividend and a yield of 1.80%. Celanese’s payout ratio is 26.86%.

Several analysts have recently commented on CE shares. Zacks Investment Research upgraded Celanese from a “hold” rating to a “buy” rating and set a $124.00 target price for the company in a research note on Tuesday, January 23rd. Robert W. Baird restated a “buy” rating and issued a $130.00 target price on shares of Celanese in a research note on Monday, January 29th. Deutsche Bank restated a “buy” rating and issued a $128.00 target price on shares of Celanese in a research note on Monday, January 29th. Jefferies Group restated a “buy” rating and issued a $130.00 target price on shares of Celanese in a research note on Monday, January 29th. Finally, Citigroup raised their target price on Celanese from $123.00 to $128.00 and gave the company a “buy” rating in a research note on Monday, January 29th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $113.28.

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Celanese Profile

Celanese Corporation (Celanese) is a technology and specialty materials company. The Company’s segments include Advanced Engineered Materials, Consumer Specialties, Industrial Specialties, Acetyl Intermediates and Other Activities. The Advanced Engineered Materials segment includes the Company’s engineered materials business and certain affiliates.

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Institutional Ownership by Quarter for Celanese (NYSE:CE)

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