Bank of Montreal Can trimmed its stake in shares of Celanese Co. (NYSE:CE) by 19.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,345 shares of the basic materials company’s stock after selling 5,666 shares during the quarter. Bank of Montreal Can’s holdings in Celanese were worth $2,500,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently bought and sold shares of CE. First PREMIER Bank lifted its holdings 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 buying an additional 900 shares during the period. Toronto Dominion Bank lifted its holdings 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 buying an additional 134 shares during the period. Advisor Group Inc. lifted its holdings in Celanese by 46.9% in the 2nd quarter. Advisor Group Inc. now owns 2,241 shares of the basic materials company’s stock worth $212,000 after buying an additional 715 shares during the period. IBM Retirement Fund purchased a new stake in Celanese in the 3rd quarter worth approximately $217,000. Finally, Barrett Asset Management LLC lifted its holdings in Celanese by 40.0% in the 3rd quarter. Barrett Asset Management LLC now owns 2,100 shares of the basic materials company’s stock worth $219,000 after buying an additional 600 shares during the period. Institutional investors and hedge funds own 95.94% of the company’s stock.

CE has been the subject of several research analyst reports. Zacks Investment Research cut Celanese from a “buy” rating to a “hold” rating in a report on Friday, December 15th. Tudor Pickering initiated coverage on Celanese in a report on Tuesday, November 14th. They issued a “buy” rating for the company. Citigroup dropped their price objective on Celanese from $122.00 to $120.00 and set a “buy” rating for the company in a report on Wednesday, October 18th. UBS Group raised their target price on Celanese from $100.00 to $107.00 and gave the company a “neutral” rating in a research note on Tuesday, October 17th. Finally, Wells Fargo & Co restated a “market perform” rating and issued a $110.00 target price (up previously from $104.00) on shares of Celanese in a research note on Wednesday, January 17th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Celanese has a consensus rating of “Buy” and a consensus price target of $113.28.

In other Celanese news, CFO Christopher W. Jensen sold 3,000 shares of Celanese stock in a transaction on Thursday, January 11th. The stock was sold at an average price of $110.00, for a total transaction of $330,000.00. Following the completion of the transaction, the chief financial officer now owns 52,924 shares in the company, valued at $5,821,640. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.42% of the stock is currently owned by insiders.

Celanese Co. (NYSE CE) opened at $100.21 on Friday. The stock has a market capitalization of $13,940.00, a price-to-earnings ratio of 16.19, a price-to-earnings-growth ratio of 1.28 and a beta of 1.27. Celanese Co. has a one year low of $83.34 and a one year high of $114.00. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.16 and a current ratio of 1.69.

Celanese (NYSE:CE) last announced its quarterly earnings data on Thursday, January 25th. The basic materials company reported $1.98 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.86 by $0.12. The business had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.49 billion. Celanese had a return on equity of 33.49% and a net margin of 13.73%. The firm’s quarterly revenue was up 21.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.52 earnings per share. equities research analysts forecast that Celanese Co. will post 8.52 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 2nd. Shareholders of record on Tuesday, February 20th will be paid a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date is Friday, February 16th. Celanese’s payout ratio is 29.73%.

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About Celanese

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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Institutional Ownership by Quarter for Celanese (NYSE:CE)

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