TD Waterhouse Canada Inc. Boosts Stock Holdings in Celanese Co. (NYSE:CE)

TD Waterhouse Canada Inc. lifted its holdings in Celanese Co. (NYSE:CE - Free Report) by 6,593.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 20,080 shares of the basic materials company's stock after acquiring an additional 19,780 shares during the quarter. TD Waterhouse Canada Inc.'s holdings in Celanese were worth $1,390,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Altshuler Shaham Ltd purchased a new position in Celanese in the fourth quarter valued at $25,000. UMB Bank n.a. increased its stake in shares of Celanese by 103.7% in the 4th quarter. UMB Bank n.a. now owns 381 shares of the basic materials company's stock valued at $26,000 after purchasing an additional 194 shares in the last quarter. CKW Financial Group raised its holdings in Celanese by 52.9% in the 4th quarter. CKW Financial Group now owns 535 shares of the basic materials company's stock worth $37,000 after purchasing an additional 185 shares during the period. CENTRAL TRUST Co boosted its position in Celanese by 43.2% during the fourth quarter. CENTRAL TRUST Co now owns 670 shares of the basic materials company's stock worth $46,000 after purchasing an additional 202 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings in Celanese by 200.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 746 shares of the basic materials company's stock valued at $52,000 after purchasing an additional 498 shares during the period. Hedge funds and other institutional investors own 98.87% of the company's stock.

Celanese Trading Up 1.6 %

CE stock traded up $0.69 during mid-day trading on Tuesday, hitting $44.50. 2,850,273 shares of the company were exchanged, compared to its average volume of 2,032,268. The business has a fifty day simple moving average of $49.28 and a 200-day simple moving average of $70.16. The firm has a market capitalization of $4.87 billion, a P/E ratio of -3.19, a PEG ratio of 1.05 and a beta of 1.08. Celanese Co. has a 12-month low of $36.29 and a 12-month high of $169.50. The company has a quick ratio of 0.76, a current ratio of 1.34 and a debt-to-equity ratio of 1.98.

Celanese (NYSE:CE - Get Free Report) last posted its earnings results on Tuesday, February 18th. The basic materials company reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.20. Celanese had a negative net margin of 14.81% and a positive return on equity of 12.86%. The firm had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.36 billion. On average, equities research analysts predict that Celanese Co. will post 8.79 earnings per share for the current fiscal year.

Celanese Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, May 12th. Shareholders of record on Monday, April 28th will be given a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.27%. The ex-dividend date of this dividend is Monday, April 28th. Celanese's dividend payout ratio is currently -0.86%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on CE. Wells Fargo & Company dropped their target price on shares of Celanese from $55.00 to $40.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 9th. Mizuho set a $45.00 price objective on Celanese in a research note on Tuesday, April 15th. Morgan Stanley reduced their target price on Celanese from $100.00 to $80.00 and set an "equal weight" rating for the company in a report on Monday, January 13th. Bank of America dropped their price target on Celanese from $88.00 to $72.00 and set a "buy" rating for the company in a research report on Monday, February 24th. Finally, KeyCorp reduced their price objective on Celanese from $76.00 to $71.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $61.33.

Celanese Company Profile

Celanese Corporation, a chemical and specialty materials company, manufactures and sells high performance engineered polymers in the United States and internationally. It operates through Engineered Materials and Acetyl Chain. 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.