4,395 Shares in Celanese Co. (NYSE:CE) Acquired by Wedmont Private Capital

Wedmont Private Capital bought a new position in shares of Celanese Co. (NYSE:CE - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 4,395 shares of the basic materials company's stock, valued at approximately $286,000.

Other large investors have also modified their holdings of the company. Matrix Trust Co grew its holdings in Celanese by 1,186.2% in the 4th quarter. Matrix Trust Co now owns 1,402 shares of the basic materials company's stock valued at $97,000 after buying an additional 1,293 shares in the last quarter. Czech National Bank boosted its position in shares of Celanese by 6.5% during the 4th quarter. Czech National Bank now owns 23,706 shares of the basic materials company's stock valued at $1,641,000 after acquiring an additional 1,448 shares during the last quarter. First Hawaiian Bank grew its holdings in shares of Celanese by 116.0% in the fourth quarter. First Hawaiian Bank now owns 15,400 shares of the basic materials company's stock valued at $1,066,000 after purchasing an additional 8,269 shares during the period. Central Pacific Bank Trust Division increased its position in Celanese by 102.2% during the fourth quarter. Central Pacific Bank Trust Division now owns 4,550 shares of the basic materials company's stock worth $315,000 after purchasing an additional 2,300 shares during the last quarter. Finally, Everence Capital Management Inc. purchased a new position in Celanese during the fourth quarter worth about $209,000. Hedge funds and other institutional investors own 98.87% of the company's stock.

Celanese Stock Up 1.1 %

NYSE CE traded up $0.80 on Friday, hitting $72.70. 1,720,637 shares of the stock were exchanged, compared to its average volume of 1,991,167. Celanese Co. has a fifty-two week low of $64.05 and a fifty-two week high of $172.16. The company has a 50-day moving average price of $70.71 and a 200-day moving average price of $109.60. The company has a quick ratio of 0.76, a current ratio of 1.37 and a debt-to-equity ratio of 1.47. The company has a market cap of $7.95 billion, a PE ratio of 7.31, a PEG ratio of 0.62 and a beta of 1.18.

Celanese (NYSE:CE - Get Free Report) last posted 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 business had revenue of $2.65 billion during the quarter, compared to analysts' expectations of $2.70 billion. During the same period last year, the company earned $2.50 EPS. The business's quarterly revenue was down 2.8% compared to the same quarter last year. Sell-side analysts anticipate that Celanese Co. will post 8.13 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on CE. Piper Sandler cut their price target on shares of Celanese from $98.00 to $77.00 and set an "underweight" rating for the company in a report on Tuesday, January 7th. Mizuho reduced their target price on Celanese from $120.00 to $86.00 and set a "neutral" rating on the stock in a research report on Thursday, December 5th. BMO Capital Markets cut Celanese from a "market perform" rating to an "underperform" rating and lowered their price target for the stock from $138.00 to $76.00 in a report on Monday, November 11th. Robert W. Baird reduced their price objective on shares of Celanese from $150.00 to $110.00 and set an "outperform" rating on the stock in a report on Wednesday, November 6th. Finally, Morgan Stanley lowered their target price on shares of Celanese from $100.00 to $80.00 and set an "equal weight" rating for the company in a research note on Monday. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $106.00.

Celanese 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.