Sei Investments Co. raised its position in Celanese Co. (NYSE:CE) by 2.8% during the fourth quarter, HoldingsChannel.com reports. The firm owned 135,206 shares of the basic materials company’s stock after purchasing an additional 3,664 shares during the period. Sei Investments Co.’s holdings in Celanese were worth $14,478,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of CE. First PREMIER Bank raised its position in Celanese by 900.0% in the 4th quarter. First PREMIER Bank now owns 1,000 shares of the basic materials company’s stock worth $107,000 after purchasing an additional 900 shares during the period. Cerebellum GP LLC purchased a new stake in Celanese in the 4th quarter worth about $129,000. Toronto Dominion Bank raised its position in Celanese by 8.4% in the 2nd quarter. Toronto Dominion Bank now owns 1,731 shares of the basic materials company’s stock worth $164,000 after purchasing an additional 134 shares during the period. Wellington Shields & Co. LLC purchased a new stake in Celanese in the 4th quarter worth about $203,000. Finally, IBM Retirement Fund purchased a new stake in Celanese in the 3rd quarter worth about $217,000. 96.00% of the stock is currently owned by institutional investors.
Celanese Co. (CE) opened at $102.43 on Thursday. The company has a market cap of $13,910.00, a P/E ratio of 14.95, a PEG ratio of 1.35 and a beta of 1.27. Celanese Co. has a 1 year low of $83.34 and a 1 year high of $114.00. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.21 and a current ratio of 1.79.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 2nd. Stockholders of record on Tuesday, February 20th will be paid a dividend of $0.46 per share. The ex-dividend date of this dividend is Friday, February 16th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.80%. Celanese’s dividend payout ratio is presently 26.86%.
In other news, CFO Christopher W. Jensen sold 3,000 shares of the stock in a transaction that occurred on Thursday, January 11th. The shares were sold at an average price of $110.00, for a total transaction of $330,000.00. Following the transaction, the chief financial officer now directly owns 52,924 shares in the company, valued at $5,821,640. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.42% of the stock is currently owned by company insiders.
A number of research firms recently weighed in on CE. Jefferies Group reissued a “buy” rating and issued a $130.00 price objective on shares of Celanese in a research report on Monday, January 29th. UBS Group increased their price objective on shares of Celanese from $107.00 to $113.00 and gave the stock a “neutral” rating in a research report on Friday, January 26th. Robert W. Baird reissued a “buy” rating and issued a $130.00 price objective on shares of Celanese in a research report on Monday, January 29th. Deutsche Bank reaffirmed a “buy” rating and set a $128.00 target price on shares of Celanese in a research report on Monday, January 29th. Finally, SunTrust Banks reaffirmed a “buy” rating on shares of Celanese in a research report on Wednesday, January 17th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $113.28.
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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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