YHB Investment Advisors Inc. Takes $116,000 Position in Celanese Co. (NYSE:CE)

YHB Investment Advisors Inc. bought a new stake in Celanese Co. (NYSE:CE) in the 1st quarter, according to its most recent 13F filing with the SEC. The firm bought 675 shares of the basic materials company’s stock, valued at approximately $116,000.

Other large investors also recently made changes to their positions in the company. Capital World Investors boosted its stake in Celanese by 43.2% during the 4th quarter. Capital World Investors now owns 6,137,688 shares of the basic materials company’s stock valued at $953,653,000 after purchasing an additional 1,852,099 shares during the last quarter. Wellington Management Group LLP boosted its stake in Celanese by 18.0% during the 4th quarter. Wellington Management Group LLP now owns 8,529,064 shares of the basic materials company’s stock valued at $1,325,161,000 after purchasing an additional 1,302,758 shares during the last quarter. FMR LLC boosted its stake in Celanese by 9.9% during the 3rd quarter. FMR LLC now owns 6,340,305 shares of the basic materials company’s stock valued at $795,835,000 after purchasing an additional 570,501 shares during the last quarter. Capital Research Global Investors boosted its stake in Celanese by 3.3% during the 4th quarter. Capital Research Global Investors now owns 14,809,178 shares of the basic materials company’s stock valued at $2,300,907,000 after purchasing an additional 468,003 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in Celanese by 2.8% during the 4th quarter. Vanguard Group Inc. now owns 13,077,014 shares of the basic materials company’s stock valued at $2,031,776,000 after purchasing an additional 354,367 shares during the last quarter. 98.87% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Celanese news, COO Scott A. Richardson sold 2,000 shares of the company’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $156.85, for a total value of $313,700.00. Following the sale, the chief operating officer now owns 76,429 shares in the company, valued at $11,987,888.65. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, COO Scott A. Richardson sold 2,000 shares of the stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $156.85, for a total transaction of $313,700.00. Following the sale, the chief operating officer now owns 76,429 shares in the company, valued at $11,987,888.65. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP Thomas Francis Kelly purchased 1,400 shares of the business’s stock in a transaction dated Thursday, March 14th. The shares were purchased at an average price of $156.69 per share, for a total transaction of $219,366.00. Following the acquisition, the senior vice president now owns 57,023 shares of the company’s stock, valued at $8,934,933.87. The disclosure for this purchase can be found here. Insiders own 0.40% of the company’s stock.

Celanese Trading Up 0.0 %

Celanese stock traded up $0.07 during mid-day trading on Tuesday, hitting $145.01. The company’s stock had a trading volume of 459,502 shares, compared to its average volume of 686,924. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.21 and a quick ratio of 0.73. The stock has a market cap of $15.84 billion, a price-to-earnings ratio of 7.98, a price-to-earnings-growth ratio of 0.58 and a beta of 1.34. The business has a 50 day moving average price of $155.55 and a 200-day moving average price of $152.84. Celanese Co. has a 12 month low of $105.15 and a 12 month high of $172.16.

Celanese (NYSE:CE) last posted its quarterly earnings results on Wednesday, May 8th. The basic materials company reported $2.08 earnings per share for the quarter, topping the consensus estimate of $1.91 by $0.17. The business had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.67 billion. Celanese had a net margin of 18.60% and a return on equity of 14.00%. The firm’s revenue for the quarter was down 8.5% on a year-over-year basis. During the same period in the previous year, the firm posted $2.01 earnings per share. As a group, analysts forecast that Celanese Co. will post 11.47 EPS for the current year.

Celanese Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, May 13th. Stockholders of record on Monday, April 29th were paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 1.93%. The ex-dividend date was Friday, April 26th. Celanese’s dividend payout ratio (DPR) is 15.41%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on CE shares. Deutsche Bank Aktiengesellschaft cut their price target on Celanese from $175.00 to $160.00 and set a “hold” rating for the company in a research note on Monday. Piper Sandler lifted their target price on shares of Celanese from $170.00 to $180.00 and gave the stock an “overweight” rating in a research report on Friday, May 17th. Royal Bank of Canada lifted their target price on shares of Celanese from $171.00 to $176.00 and gave the stock an “outperform” rating in a research report on Monday, May 13th. Bank of America lowered their price target on shares of Celanese from $147.00 to $144.00 and set an “underperform” rating on the stock in a report on Monday. Finally, StockNews.com raised shares of Celanese from a “sell” rating to a “hold” rating in a report on Wednesday, February 21st. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, Celanese currently has an average rating of “Hold” and an average price target of $161.41.

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.