Coastline Trust Co reduced its position in shares of Celanese Co. (NYSE:CE) by 9.6% in the third quarter, according to its most recent filing with the SEC. The fund owned 15,045 shares of the basic materials company’s stock after selling 1,600 shares during the quarter. Coastline Trust Co’s holdings in Celanese were worth $1,617,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in Celanese by 4.1% during the 2nd quarter. Vanguard Group Inc. now owns 14,423,077 shares of the basic materials company’s stock valued at $1,245,288,000 after buying an additional 561,974 shares during the period. Capital International Investors raised its holdings in Celanese by 7.7% during the 1st quarter. Capital International Investors now owns 7,642,542 shares of the basic materials company’s stock valued at $560,886,000 after buying an additional 548,661 shares during the period. LSV Asset Management raised its holdings in Celanese by 0.4% during the 2nd quarter. LSV Asset Management now owns 2,754,483 shares of the basic materials company’s stock valued at $237,822,000 after buying an additional 10,286 shares during the period. Holocene Advisors LP purchased a new stake in Celanese during the 2nd quarter valued at $80,533,000. Finally, Invesco Ltd. raised its holdings in Celanese by 4.8% during the 1st quarter. Invesco Ltd. now owns 824,998 shares of the basic materials company’s stock valued at $60,546,000 after buying an additional 37,570 shares during the period. Institutional investors own 96.35% of the company’s stock.

In related news, Director John K. Wulff sold 750 shares of the firm’s stock in a transaction dated Wednesday, October 14th. The stock was sold at an average price of $116.67, for a total transaction of $87,502.50. Following the sale, the director now owns 20,221 shares of the company’s stock, valued at $2,359,184.07. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.69% of the stock is owned by company insiders.

A number of analysts have weighed in on CE shares. Alembic Global Advisors upgraded Celanese from a “neutral” rating to an “overweight” rating and set a $110.00 target price on the stock in a research note on Monday, July 27th. Wells Fargo & Company increased their target price on Celanese from $125.00 to $130.00 and gave the stock an “overweight” rating in a research note on Thursday. ValuEngine upgraded Celanese from a “sell” rating to a “hold” rating in a research note on Thursday, July 2nd. Morgan Stanley increased their target price on Celanese from $81.00 to $95.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 30th. Finally, Robert W. Baird increased their target price on Celanese from $100.00 to $108.00 and gave the stock an “outperform” rating in a research note on Thursday, July 30th. Eleven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $106.80.

Shares of CE stock opened at $120.10 on Friday. Celanese Co. has a 1-year low of $52.70 and a 1-year high of $128.88. The stock’s 50-day moving average is $109.28 and its 200 day moving average is $92.94. The company has a market cap of $14.21 billion, a P/E ratio of 23.05, a PEG ratio of 4.95 and a beta of 1.33. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.20 and a quick ratio of 0.74.

Celanese (NYSE:CE) last issued its quarterly earnings data on Tuesday, July 28th. The basic materials company reported $1.30 earnings per share for the quarter, beating analysts’ consensus estimates of $1.05 by $0.25. Celanese had a return on equity of 33.49% and a net margin of 11.13%. The company had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter last year, the company earned $2.38 earnings per share. The firm’s revenue for the quarter was down 25.1% compared to the same quarter last year. On average, analysts anticipate that Celanese Co. will post 6.91 EPS for the current year.

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, November 10th. Investors of record on Tuesday, October 27th will be given a dividend of $0.62 per share. This represents a $7.44 dividend on an annualized basis and a yield of 6.19%. The ex-dividend date of this dividend is Monday, October 26th. Celanese’s payout ratio is currently 26.02%.

Celanese Profile

Celanese Corporation, a technology and specialty materials company, manufactures and sells high performance engineered polymers in the United States and internationally. The company operates through Engineered Materials, Acetate Tow, and Acetyl Chain segments. 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.

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Institutional Ownership by Quarter for Celanese (NYSE:CE)

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