Toronto Dominion Bank Has $6.48 Million Position in Celanese Co. (NYSE:CE)

Toronto Dominion Bank raised its holdings in shares of Celanese Co. (NYSE:CE - Free Report) by 36.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 47,678 shares of the basic materials company's stock after acquiring an additional 12,701 shares during the quarter. Toronto Dominion Bank's holdings in Celanese were worth $6,482,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Wellington Management Group LLP raised its stake in shares of Celanese by 27.4% during the 3rd quarter. Wellington Management Group LLP now owns 9,460,353 shares of the basic materials company's stock worth $1,286,230,000 after purchasing an additional 2,036,362 shares in the last quarter. Thrivent Financial for Lutherans lifted its stake in Celanese by 608.2% in the third quarter. Thrivent Financial for Lutherans now owns 689,570 shares of the basic materials company's stock valued at $93,754,000 after acquiring an additional 592,196 shares during the last quarter. LPL Financial LLC lifted its stake in Celanese by 528.9% in the second quarter. LPL Financial LLC now owns 260,523 shares of the basic materials company's stock valued at $35,142,000 after acquiring an additional 219,095 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Celanese by 7.3% during the 3rd quarter. Geode Capital Management LLC now owns 2,606,172 shares of the basic materials company's stock worth $353,145,000 after purchasing an additional 177,552 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Celanese by 14.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,161,298 shares of the basic materials company's stock valued at $156,663,000 after purchasing an additional 150,201 shares during the period. 98.87% of the stock is currently owned by institutional investors and hedge funds.

Celanese Price Performance

Shares of NYSE CE traded down $0.27 during mid-day trading on Friday, reaching $68.58. The company had a trading volume of 2,360,283 shares, compared to its average volume of 1,091,241. The firm has a market cap of $7.50 billion, a price-to-earnings ratio of 6.90, a PEG ratio of 0.72 and a beta of 1.17. The business's 50-day simple moving average is $98.61 and its 200 day simple moving average is $121.70. Celanese Co. has a one year low of $67.03 and a one year high of $172.16. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.76 and a current ratio of 1.37.

Celanese (NYSE:CE - Get Free Report) last released its earnings results on Monday, November 4th. The basic materials company reported $2.44 EPS for the quarter, missing the consensus estimate of $2.85 by ($0.41). Celanese had a net margin of 10.40% and a return on equity of 13.17%. The firm had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.70 billion. During the same period in the prior year, the business earned $2.50 earnings per share. Celanese's quarterly revenue was down 2.8% compared to the same quarter last year. On average, research analysts predict that Celanese Co. will post 8.38 earnings per share for the current fiscal year.

Celanese Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 13th. Shareholders of record on Wednesday, October 30th were issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.08%. The ex-dividend date of this dividend was Wednesday, October 30th. Celanese's dividend payout ratio is presently 28.17%.

Wall Street Analyst Weigh In

CE has been the topic of a number of recent analyst reports. KeyCorp downgraded Celanese from an "overweight" rating to a "sector weight" rating in a research report on Monday, October 7th. Royal Bank of Canada decreased their target price on Celanese from $163.00 to $122.00 and set an "outperform" rating on the stock in a report on Thursday, November 7th. Barclays cut their price target on Celanese from $101.00 to $88.00 and set an "equal weight" rating for the company in a report on Tuesday, November 19th. Wells Fargo & Company lowered shares of Celanese from an "overweight" rating to an "equal weight" rating and dropped their price objective for the company from $165.00 to $115.00 in a research report on Tuesday, November 5th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Celanese from a "hold" rating to a "buy" rating and reduced their target price for the stock from $135.00 to $110.00 in a report on Wednesday, November 6th. Five analysts have rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the company. According to MarketBeat, Celanese currently has a consensus rating of "Hold" and an average target price of $116.56.

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.