LPL Financial LLC raised its holdings in shares of Celanese Co. (NYSE:CE – Free Report) by 528.9% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 260,523 shares of the basic materials company’s stock after buying an additional 219,095 shares during the period. LPL Financial LLC owned about 0.24% of Celanese worth $35,142,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Johnson Financial Group Inc. acquired a new position in Celanese in the 4th quarter worth approximately $28,000. Mather Group LLC. purchased a new stake in Celanese in the 1st quarter worth approximately $31,000. LRI Investments LLC purchased a new stake in Celanese in the 1st quarter worth approximately $31,000. Key Financial Inc lifted its position in Celanese by 3,933.3% in the 2nd quarter. Key Financial Inc now owns 242 shares of the basic materials company’s stock worth $33,000 after buying an additional 236 shares in the last quarter. Finally, ORG Partners LLC purchased a new stake in Celanese in the 2nd quarter worth approximately $40,000. 98.87% of the stock is currently owned by institutional investors.
Insider Transactions at Celanese
In other news, COO Scott A. Richardson sold 4,675 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $129.51, for a total transaction of $605,459.25. Following the transaction, the chief operating officer now directly owns 69,754 shares in the company, valued at $9,033,840.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.33% of the stock is owned by company insiders.
Analyst Upgrades and Downgrades
Read Our Latest Report on Celanese
Celanese Stock Performance
NYSE CE opened at $123.14 on Monday. The stock has a market cap of $13.45 billion, a P/E ratio of 6.78, a PEG ratio of 0.62 and a beta of 1.30. Celanese Co. has a twelve month low of $110.76 and a twelve month high of $172.16. The company has a quick ratio of 0.74, a current ratio of 1.28 and a debt-to-equity ratio of 1.45. The company’s 50-day simple moving average is $131.48 and its 200 day simple moving average is $145.79.
Celanese (NYSE:CE – Get Free Report) last released its quarterly earnings results on Thursday, August 1st. The basic materials company reported $2.38 EPS for the quarter, missing analysts’ consensus estimates of $2.71 by ($0.33). The firm had revenue of $2.65 billion during the quarter, compared to analyst estimates of $2.76 billion. Celanese had a net margin of 18.24% and a return on equity of 13.60%. Celanese’s quarterly revenue was down 5.2% on a year-over-year basis. During the same quarter last year, the firm earned $2.17 earnings per share. As a group, research analysts forecast that Celanese Co. will post 10.44 earnings per share for the current fiscal year.
Celanese Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, August 12th. Shareholders of record on Tuesday, July 30th were given a $0.70 dividend. The ex-dividend date was Tuesday, July 30th. This represents a $2.80 dividend on an annualized basis and a yield of 2.27%. Celanese’s dividend payout ratio (DPR) is presently 15.41%.
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.
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