Wedmont Private Capital Takes Position in Celanese Corporation $CE

Wedmont Private Capital bought a new stake in shares of Celanese Corporation (NYSE:CE) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 3,320 shares of the basic materials company’s stock, valued at approximately $202,000.

A number of other large investors have also recently modified their holdings of CE. Price T Rowe Associates Inc. MD boosted its holdings in shares of Celanese by 134.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 3,566,226 shares of the basic materials company’s stock valued at $202,455,000 after purchasing an additional 2,044,662 shares during the period. Federated Hermes Inc. boosted its holdings in shares of Celanese by 9,132.0% in the first quarter. Federated Hermes Inc. now owns 1,801,349 shares of the basic materials company’s stock valued at $102,263,000 after purchasing an additional 1,781,837 shares during the period. Dodge & Cox boosted its holdings in shares of Celanese by 13.0% in the first quarter. Dodge & Cox now owns 15,391,416 shares of the basic materials company’s stock valued at $873,771,000 after purchasing an additional 1,773,354 shares during the period. Fuller & Thaler Asset Management Inc. boosted its holdings in shares of Celanese by 35.0% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 3,164,150 shares of the basic materials company’s stock valued at $179,629,000 after purchasing an additional 819,489 shares during the period. Finally, Samlyn Capital LLC boosted its holdings in shares of Celanese by 379.1% in the first quarter. Samlyn Capital LLC now owns 1,015,938 shares of the basic materials company’s stock valued at $57,675,000 after purchasing an additional 803,868 shares during the period. Hedge funds and other institutional investors own 98.87% of the company’s stock.

Celanese Trading Down 1.4%

Shares of Celanese stock opened at $43.65 on Tuesday. The firm has a market capitalization of $4.78 billion, a PE ratio of -2.95, a P/E/G ratio of 2.00 and a beta of 1.11. Celanese Corporation has a twelve month low of $36.29 and a twelve month high of $142.54. The firm’s 50-day moving average price is $48.87 and its 200 day moving average price is $50.87. The company has a current ratio of 2.05, a quick ratio of 1.22 and a debt-to-equity ratio of 2.22.

Celanese (NYSE:CE) last issued its quarterly earnings results on Monday, August 11th. The basic materials company reported $1.44 earnings per share for the quarter, beating analysts’ consensus estimates of $1.38 by $0.06. The firm had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.50 billion. Celanese had a negative net margin of 16.30% and a positive return on equity of 10.48%. Celanese’s quarterly revenue was down 4.5% compared to the same quarter last year. During the same period last year, the company posted $2.38 EPS. Celanese has set its Q3 2025 guidance at 1.100-1.400 EPS. On average, sell-side analysts predict that Celanese Corporation will post 8.79 EPS for the current fiscal year.

Celanese Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, August 11th. Shareholders of record on Tuesday, July 29th were paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend was Tuesday, July 29th. Celanese’s dividend payout ratio (DPR) is -0.81%.

Insiders Place Their Bets

In other Celanese news, Director Timothy Go bought 1,039 shares of the firm’s stock in a transaction on Monday, September 8th. The shares were acquired at an average cost of $46.25 per share, with a total value of $48,053.75. Following the purchase, the director directly owned 4,415 shares of the company’s stock, valued at $204,193.75. This trade represents a 30.78% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. 0.26% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. JPMorgan Chase & Co. lowered their price target on Celanese from $47.00 to $40.00 and set a “neutral” rating for the company in a report on Thursday, August 14th. Robert W. Baird lowered their price target on Celanese from $67.00 to $50.00 and set an “outperform” rating for the company in a report on Wednesday, August 13th. BMO Capital Markets lowered their target price on Celanese from $55.00 to $47.00 and set a “market perform” rating for the company in a report on Thursday, August 14th. Deutsche Bank Aktiengesellschaft set a $52.00 price target on Celanese and gave the stock a “buy” rating in a research report on Wednesday, August 13th. Finally, Royal Bank Of Canada reduced their price target on Celanese from $63.00 to $45.00 and set a “sector perform” rating on the stock in a research report on Thursday, August 14th. Six equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $57.22.

Celanese Company 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.