Forvis Mazars Wealth Advisors LLC Has $591,000 Stock Holdings in Celanese Co. (NYSE:CE)

Forvis Mazars Wealth Advisors LLC lessened its holdings in shares of Celanese Co. (NYSE:CE) by 20.6% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 8,545 shares of the basic materials company’s stock after selling 2,217 shares during the period. Forvis Mazars Wealth Advisors LLC’s holdings in Celanese were worth $591,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. First Trust Direct Indexing L.P. grew its holdings in shares of Celanese by 5.2% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 2,265 shares of the basic materials company’s stock valued at $308,000 after buying an additional 111 shares during the period. Ashton Thomas Private Wealth LLC grew its holdings in shares of Celanese by 0.7% in the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 21,730 shares of the basic materials company’s stock valued at $2,954,000 after buying an additional 145 shares during the period. Neumann Capital Management LLC grew its holdings in shares of Celanese by 5.3% in the 3rd quarter. Neumann Capital Management LLC now owns 3,000 shares of the basic materials company’s stock valued at $408,000 after buying an additional 150 shares during the period. Freedom Investment Management Inc. grew its holdings in shares of Celanese by 3.2% in the 3rd quarter. Freedom Investment Management Inc. now owns 5,259 shares of the basic materials company’s stock valued at $715,000 after buying an additional 161 shares during the period. Finally, CKW Financial Group grew its holdings in shares of Celanese by 52.9% in the 4th quarter. CKW Financial Group now owns 535 shares of the basic materials company’s stock valued at $37,000 after buying an additional 185 shares during the period. Institutional investors and hedge funds own 98.87% of the company’s stock.

Celanese Trading Up 0.2 %

Shares of NYSE:CE opened at $52.88 on Tuesday. The company’s 50-day moving average price is $67.95 and its two-hundred day moving average price is $96.23. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.34 and a quick ratio of 0.76. Celanese Co. has a one year low of $50.82 and a one year high of $172.16. The stock has a market capitalization of $5.78 billion, a PE ratio of -3.80, a price-to-earnings-growth ratio of 1.05 and a beta of 1.17.

Celanese (NYSE:CE) last issued its quarterly earnings results on Tuesday, February 18th. The basic materials company reported $1.45 EPS for the quarter, topping the consensus estimate of $1.25 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 $2.37 billion for the quarter, compared to analysts’ expectations of $2.36 billion. On average, equities analysts forecast that Celanese Co. will post 8.79 EPS for the current fiscal year.

Celanese Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 25th will be issued a $0.03 dividend. The ex-dividend date is Tuesday, February 25th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.23%. Celanese’s payout ratio is -0.86%.

Wall Street Analysts Forecast Growth

CE has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Celanese from $85.00 to $70.00 and set a “buy” rating for the company in a report on Thursday, February 20th. Jefferies Financial Group decreased their price target on shares of Celanese from $102.00 to $82.00 in a report on Thursday, December 5th. StockNews.com lowered shares of Celanese from a “hold” rating to a “sell” rating in a report on Thursday, February 20th. UBS Group cut their price objective on shares of Celanese from $72.00 to $60.00 and set a “neutral” rating on the stock in a research report on Thursday, February 20th. Finally, Vertical Research cut shares of Celanese from a “hold” rating to a “sell” rating and set a $130.00 price objective on the stock. in a research report on Tuesday, October 29th. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $78.00.

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.