AMP Capital Investors Ltd lowered its position in Celanese Co. (NYSE:CE) by 11.4% in the 4th quarter, reports. The institutional investor owned 125,715 shares of the basic materials company’s stock after selling 16,107 shares during the quarter. AMP Capital Investors Ltd’s holdings in Celanese were worth $13,461,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the stock. First PREMIER Bank boosted its holdings in shares of Celanese by 900.0% during the 4th quarter. First PREMIER Bank now owns 1,000 shares of the basic materials company’s stock valued at $107,000 after purchasing an additional 900 shares during the last quarter. Cerebellum GP LLC bought a new position in shares of Celanese during the 4th quarter valued at about $129,000. Wellington Shields & Co. LLC bought a new position in shares of Celanese during the 4th quarter valued at about $203,000. Lourd Capital LLC bought a new position in shares of Celanese during the 4th quarter valued at about $221,000. Finally, IBM Retirement Fund bought a new position in shares of Celanese during the 3rd quarter valued at about $217,000. 95.83% of the stock is owned by institutional investors.

Shares of Celanese Co. (CE) opened at $107.83 on Wednesday. The company has a current ratio of 1.79, a quick ratio of 1.21 and a debt-to-equity ratio of 1.00. The stock has a market cap of $14,650.00, a PE ratio of 15.74, a PEG ratio of 1.42 and a beta of 1.29. Celanese Co. has a 1 year low of $83.34 and a 1 year high of $114.00.

Celanese (NYSE:CE) last posted its quarterly earnings data on Thursday, January 25th. The basic materials company reported $1.98 earnings per share for the quarter, topping the Zacks’ 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 company had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.49 billion. During the same period in the prior year, the company posted $1.52 EPS. The firm’s revenue for the quarter was up 21.5% on a year-over-year basis. sell-side analysts anticipate that Celanese Co. will post 8.58 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 2nd. Investors of record on Tuesday, February 20th were given a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date of this dividend was Friday, February 16th. Celanese’s dividend payout ratio (DPR) is currently 26.86%.

In related news, CFO Christopher W. Jensen sold 3,000 shares of the 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 sale, the chief financial officer now directly owns 52,924 shares of the company’s stock, valued at approximately $5,821,640. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.42% of the company’s stock.

CE has been the subject of several research reports. Zacks Investment Research downgraded shares of Celanese from a “buy” rating to a “hold” rating in a report on Friday, December 15th. Tudor Pickering initiated coverage on shares of Celanese in a report on Tuesday, November 14th. They set a “buy” rating for the company. Citigroup increased their price objective on shares of Celanese from $123.00 to $128.00 and gave the company a “buy” rating in a report on Monday, January 29th. Deutsche Bank reissued a “buy” rating and set a $128.00 price objective on shares of Celanese in a report on Monday, January 29th. Finally, Wells Fargo & Co restated a “market perform” rating and set a $110.00 target price (up from $104.00) on shares of Celanese in a research report on Wednesday, January 17th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company. Celanese currently has an average rating of “Buy” and a consensus price target of $113.28.

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Celanese Company 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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