Russell Investments Group Ltd. raised its holdings in shares of Celanese Corporation (NYSE:CE) by 12.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 257,552 shares of the basic materials company’s stock after acquiring an additional 28,105 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.19% of Celanese Corporation worth $26,851,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of CE. Northwestern Mutual Wealth Management Co. grew its stake in shares of Celanese Corporation by 24.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,059 shares of the basic materials company’s stock valued at $101,000 after buying an additional 206 shares in the last quarter. Barrett Asset Management LLC bought a new position in shares of Celanese Corporation in the second quarter valued at $142,000. Fiduciary Trust Co. bought a new position in shares of Celanese Corporation in the second quarter valued at $150,000. Toronto Dominion Bank grew its stake in shares of Celanese Corporation by 8.4% in the second quarter. Toronto Dominion Bank now owns 1,731 shares of the basic materials company’s stock valued at $164,000 after buying an additional 134 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. grew its stake in shares of Celanese Corporation by 6.8% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 1,919 shares of the basic materials company’s stock valued at $182,000 after buying an additional 122 shares in the last quarter. 96.76% of the stock is owned by institutional investors.

CE has been the subject of several analyst reports. BidaskClub cut shares of Celanese Corporation from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Cowen Inc reissued an “outperform” rating and issued a $115.00 target price (up from $100.00) on shares of Celanese Corporation in a research note on Wednesday, August 9th. KeyCorp reissued a “buy” rating and issued a $106.00 target price on shares of Celanese Corporation in a research note on Thursday, August 24th. ValuEngine raised shares of Celanese Corporation from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. Finally, Royal Bank Of Canada reissued a “buy” rating and issued a $109.00 target price on shares of Celanese Corporation in a research note on Wednesday, September 6th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $107.74.

In other news, CFO Christopher W. Jensen sold 1,000 shares of Celanese Corporation stock in a transaction on Monday, October 30th. The stock was sold at an average price of $104.68, for a total transaction of $104,680.00. Following the completion of the sale, the chief financial officer now owns 60,086 shares of the company’s stock, valued at $6,289,802.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John K. Wulff sold 2,500 shares of Celanese Corporation stock in a transaction on Tuesday, October 24th. The stock was sold at an average price of $105.88, for a total value of $264,700.00. Following the sale, the director now directly owns 30,175 shares of the company’s stock, valued at approximately $3,194,929. The disclosure for this sale can be found here. Insiders own 0.42% of the company’s stock.

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Celanese Corporation (NYSE CE) opened at $105.93 on Friday. The company has a current ratio of 1.69, a quick ratio of 1.16 and a debt-to-equity ratio of 0.94. Celanese Corporation has a 52-week low of $75.79 and a 52-week high of $109.11. The company has a market cap of $14,367.92, a price-to-earnings ratio of 15.03, a price-to-earnings-growth ratio of 1.60 and a beta of 1.31.

Celanese Corporation (NYSE:CE) last released its quarterly earnings data on Monday, October 16th. The basic materials company reported $1.93 EPS for the quarter, topping the Zacks’ consensus estimate of $1.92 by $0.01. Celanese Corporation had a net margin of 13.66% and a return on equity of 31.98%. The firm had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.49 billion. During the same period in the previous year, the business posted $1.67 earnings per share. The company’s revenue for the quarter was up 18.4% compared to the same quarter last year. equities analysts predict that Celanese Corporation will post 7.37 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 9th. Shareholders of record on Monday, October 30th were given a dividend of $0.46 per share. The ex-dividend date was Friday, October 27th. This represents a $1.84 dividend on an annualized basis and a yield of 1.74%. Celanese Corporation’s dividend payout ratio (DPR) is 32.11%.

Celanese Corporation 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.

Institutional Ownership by Quarter for Celanese Corporation (NYSE:CE)

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