Nissay Asset Management Corp Japan ADV Has $924,000 Stock Position in Celanese Co. (NYSE:CE)

Nissay Asset Management Corp Japan ADV raised its position in shares of Celanese Co. (NYSE:CE) by 1.8% in the 4th quarter, Holdings Channel reports. The firm owned 13,442 shares of the basic materials company’s stock after acquiring an additional 242 shares during the period. Nissay Asset Management Corp Japan ADV’s holdings in Celanese were worth $924,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in CE. Barclays PLC grew its stake in shares of Celanese by 14.0% during the third quarter. Barclays PLC now owns 281,709 shares of the basic materials company’s stock worth $38,300,000 after buying an additional 34,658 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in shares of Celanese by 403.1% during the fourth quarter. Assenagon Asset Management S.A. now owns 107,855 shares of the basic materials company’s stock worth $7,465,000 after buying an additional 86,416 shares during the last quarter. Brooklyn Investment Group grew its stake in shares of Celanese by 51.1% during the fourth quarter. Brooklyn Investment Group now owns 1,129 shares of the basic materials company’s stock worth $78,000 after buying an additional 382 shares during the last quarter. HB Wealth Management LLC grew its stake in shares of Celanese by 35.0% during the fourth quarter. HB Wealth Management LLC now owns 3,041 shares of the basic materials company’s stock worth $210,000 after buying an additional 789 shares during the last quarter. Finally, UMB Bank n.a. grew its stake in shares of Celanese by 103.7% during the fourth quarter. UMB Bank n.a. now owns 381 shares of the basic materials company’s stock worth $26,000 after buying an additional 194 shares during the last quarter. 98.87% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on CE shares. StockNews.com raised shares of Celanese from a “sell” rating to a “hold” rating in a research note on Wednesday, May 14th. Barclays boosted their price objective on shares of Celanese from $59.00 to $62.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 14th. JPMorgan Chase & Co. reduced their price objective on shares of Celanese from $92.00 to $54.00 and set a “neutral” rating on the stock in a research note on Thursday, February 20th. BMO Capital Markets reduced their price objective on shares of Celanese from $73.00 to $46.00 and set an “underperform” rating on the stock in a research note on Thursday, February 20th. Finally, Citigroup reduced their price objective on shares of Celanese from $58.00 to $52.00 and set a “neutral” rating on the stock in a research note on Friday, April 4th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Celanese currently has an average rating of “Hold” and an average price target of $61.44.

Celanese Price Performance

Shares of NYSE CE opened at $53.56 on Monday. The firm’s 50-day moving average price is $48.41 and its 200-day moving average price is $62.15. Celanese Co. has a 1-year low of $36.29 and a 1-year high of $157.74. The firm has a market capitalization of $5.86 billion, a P/E ratio of -3.84, a P/E/G ratio of 1.05 and a beta of 1.09. The company has a current ratio of 1.34, a quick ratio of 0.76 and a debt-to-equity ratio of 1.98.

Celanese (NYSE:CE) last announced its quarterly earnings data on Monday, May 5th. The basic materials company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.20. Celanese had a negative net margin of 14.81% and a positive return on equity of 12.86%. The firm had revenue of $2.39 billion for the quarter, compared to analyst estimates of $2.26 billion. During the same quarter in the prior year, the business earned $2.08 earnings per share. The business’s quarterly revenue was down 8.5% compared to the same quarter last year. Equities research analysts anticipate that Celanese Co. will post 8.79 earnings per share for the current fiscal year.

Celanese Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, May 12th. Stockholders of record on Monday, April 28th were issued a dividend of $0.03 per share. The ex-dividend date of this dividend was Monday, April 28th. This represents a $0.12 annualized dividend and a dividend yield of 0.22%. Celanese’s dividend payout ratio is currently -0.79%.

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.