Tokio Marine Asset Management Co. Ltd. Buys 96 Shares of Celanese Co. (NYSE:CE)

Tokio Marine Asset Management Co. Ltd. grew its stake in shares of Celanese Co. (NYSE:CE) by 2.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,379 shares of the basic materials company’s stock after buying an additional 96 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Celanese were worth $525,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Artemis Investment Management LLP boosted its holdings in Celanese by 30.9% during the fourth quarter. Artemis Investment Management LLP now owns 155,551 shares of the basic materials company’s stock worth $24,168,000 after buying an additional 36,701 shares during the last quarter. Comerica Bank bought a new position in shares of Celanese during the 3rd quarter valued at about $7,879,000. Natixis Advisors L.P. lifted its holdings in shares of Celanese by 39.1% during the 3rd quarter. Natixis Advisors L.P. now owns 38,334 shares of the basic materials company’s stock valued at $4,812,000 after purchasing an additional 10,775 shares in the last quarter. Hsbc Holdings PLC lifted its holdings in shares of Celanese by 14.1% during the 3rd quarter. Hsbc Holdings PLC now owns 131,751 shares of the basic materials company’s stock valued at $16,590,000 after purchasing an additional 16,253 shares in the last quarter. Finally, Desjardins Global Asset Management Inc. lifted its holdings in shares of Celanese by 142.1% during the 4th quarter. Desjardins Global Asset Management Inc. now owns 184 shares of the basic materials company’s stock valued at $29,000 after purchasing an additional 108 shares in the last quarter. Institutional investors own 98.87% of the company’s stock.

Celanese Stock Up 0.8 %

NYSE:CE opened at $154.49 on Friday. The firm has a market capitalization of $16.83 billion, a price-to-earnings ratio of 8.63, a price-to-earnings-growth ratio of 0.61 and a beta of 1.36. Celanese Co. has a twelve month low of $99.33 and a twelve month high of $172.16. The stock’s 50 day moving average price is $158.59 and its two-hundred day moving average price is $145.21. The company has a quick ratio of 0.95, a current ratio of 1.53 and a debt-to-equity ratio of 1.63.

Celanese (NYSE:CE) last posted its quarterly earnings results on Tuesday, February 20th. The basic materials company reported $2.24 earnings per share for the quarter, missing the consensus estimate of $2.29 by ($0.05). The company had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.59 billion. Celanese had a return on equity of 14.61% and a net margin of 17.92%. The firm’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period last year, the firm earned $1.44 EPS. Equities research analysts expect that Celanese Co. will post 11.35 earnings per share for the current fiscal year.

Celanese Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, May 13th. Shareholders of record on Monday, April 29th will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 1.81%. The ex-dividend date is Friday, April 26th. Celanese’s dividend payout ratio (DPR) is 15.64%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on CE shares. Alembic Global Advisors cut Celanese from an “overweight” rating to a “neutral” rating and set a $160.00 price objective on the stock. in a report on Monday, January 22nd. Robert W. Baird lifted their price objective on Celanese from $135.00 to $165.00 and gave the company an “outperform” rating in a report on Thursday, February 22nd. Royal Bank of Canada lifted their price objective on Celanese from $165.00 to $171.00 and gave the company an “outperform” rating in a report on Friday, April 19th. Bank of America cut Celanese from a “neutral” rating to an “underperform” rating and lifted their price objective for the company from $124.00 to $135.00 in a report on Tuesday, January 16th. Finally, Tudor, Pickering, Holt & Co. cut Celanese from a “buy” rating to a “sell” rating and set a $140.00 target price on the stock. in a research note on Thursday, February 22nd. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $149.56.

Insiders Place Their Bets

In other Celanese news, SVP Thomas Francis Kelly bought 1,400 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The shares were acquired at an average cost of $156.69 per share, with a total value 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Celanese news, SVP Thomas Francis Kelly bought 1,400 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The shares were acquired at an average cost of $156.69 per share, with a total value 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Mark Christopher Murray bought 597 shares of the firm’s stock in a transaction that occurred on Friday, March 8th. The shares were acquired at an average cost of $156.43 per share, for a total transaction of $93,388.71. Following the completion of the acquisition, the senior vice president now directly owns 11,600 shares in the company, valued at approximately $1,814,588. The disclosure for this purchase can be found here. Insiders own 0.33% of the company’s stock.

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.