Signal Advisors Wealth LLC Has $1.16 Million Holdings in Celanese Co. (NYSE:CE)

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

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

Wall Street Analyst Weigh In

CE has been the topic of a number of recent research reports. Robert W. Baird lowered their target price on Celanese from $150.00 to $110.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 6th. Bank of America upgraded Celanese from an “underperform” rating to a “buy” rating and dropped their price objective for the stock from $95.00 to $88.00 in a report on Tuesday. Mizuho reduced their target price on shares of Celanese from $120.00 to $86.00 and set a “neutral” rating for the company in a research note on Thursday, December 5th. BMO Capital Markets downgraded shares of Celanese from a “market perform” rating to an “underperform” rating and cut their price target for the company from $138.00 to $76.00 in a report on Monday, November 11th. Finally, KeyCorp cut shares of Celanese from an “overweight” rating to a “sector weight” rating in a report on Monday, October 7th. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Celanese presently has an average rating of “Hold” and an average target price of $106.00.

Celanese Price Performance

Shares of NYSE:CE 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. The business has a 50 day moving average price of $71.49 and a 200 day moving average price of $110.14. The company has a market cap of $7.77 billion, a price-to-earnings ratio of 7.15, a PEG ratio of 0.72 and a beta of 1.18. Celanese Co. has a twelve month low of $64.05 and a twelve month high of $172.16.

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

Celanese Announces Dividend

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

Celanese 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.