Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Purchases 2,309 Shares of Celanese Co. (NYSE:CE)

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in Celanese Co. (NYSE:CE) by 9.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 25,863 shares of the basic materials company’s stock after purchasing an additional 2,309 shares during the quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Celanese were worth $3,098,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. World Asset Management Inc raised its holdings in Celanese by 1.0% in the third quarter. World Asset Management Inc now owns 8,373 shares of the basic materials company’s stock worth $1,024,000 after purchasing an additional 86 shares in the last quarter. Stephens Inc. AR increased its holdings in shares of Celanese by 1.7% during the third quarter. Stephens Inc. AR now owns 6,362 shares of the basic materials company’s stock valued at $778,000 after acquiring an additional 105 shares in the last quarter. Tocqueville Asset Management L.P. increased its holdings in shares of Celanese by 6.3% during the fourth quarter. Tocqueville Asset Management L.P. now owns 1,798 shares of the basic materials company’s stock valued at $221,000 after acquiring an additional 106 shares in the last quarter. Stanley Laman Group Ltd. increased its holdings in shares of Celanese by 1.4% during the fourth quarter. Stanley Laman Group Ltd. now owns 8,732 shares of the basic materials company’s stock valued at $1,075,000 after acquiring an additional 117 shares in the last quarter. Finally, Wealthfront Advisers LLC increased its holdings in shares of Celanese by 4.0% during the fourth quarter. Wealthfront Advisers LLC now owns 3,085 shares of the basic materials company’s stock valued at $380,000 after acquiring an additional 118 shares in the last quarter. Institutional investors and hedge funds own 99.04% of the company’s stock.

Celanese stock opened at $110.02 on Friday. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.58 and a quick ratio of 0.98. Celanese Co. has a one year low of $94.73 and a one year high of $128.88. The stock has a market capitalization of $13.21 billion, a PE ratio of 11.61, a price-to-earnings-growth ratio of 1.18 and a beta of 1.33. The business’s fifty day moving average is $114.80 and its 200 day moving average is $118.44.

Celanese (NYSE:CE) last released its quarterly earnings data on Thursday, January 30th. The basic materials company reported $1.99 EPS for the quarter, missing the consensus estimate of $2.09 by ($0.10). Celanese had a net margin of 13.53% and a return on equity of 37.36%. The business had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.52 billion. During the same period last year, the business earned $2.38 earnings per share. The company’s quarterly revenue was down 15.2% on a year-over-year basis. As a group, sell-side analysts expect that Celanese Co. will post 10.73 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Tuesday, February 18th will be given a dividend of $0.62 per share. The ex-dividend date is Friday, February 14th. This represents a $2.48 annualized dividend and a dividend yield of 2.25%. Celanese’s dividend payout ratio (DPR) is presently 26.02%.

Several brokerages have recently weighed in on CE. Robert W. Baird reduced their price target on Celanese from $135.00 to $120.00 and set an “outperform” rating for the company in a report on Monday, February 3rd. ValuEngine downgraded Celanese from a “hold” rating to a “sell” rating in a report on Tuesday, December 10th. Deutsche Bank reduced their price target on Celanese from $124.00 to $113.00 and set a “hold” rating for the company in a report on Tuesday, February 4th. Alembic Global Advisors set a $115.00 price target on Celanese and gave the company a “hold” rating in a report on Monday, October 21st. Finally, Bank of America upgraded Celanese from an “underperform” rating to a “neutral” rating and set a $110.00 price target for the company in a report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and six have issued a buy rating to the company. Celanese presently has a consensus rating of “Hold” and an average target price of $119.71.

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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