‘Greedy When Others are Fearful’: Warren Buffett’s 4 New Stock Picks in 2022

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In this article, we discuss Warren Buffett’s 4 new stock picks in 2022. If you want to read about some more Buffett stock picks, go directly to ‘Greedy When Others are Fearful’: Warren Buffett’s 8 New Stock Picks in 2022

4. Celanese Corporation (NYSE:CE)

Number of Hedge Fund Holders: 35    

Celanese Corporation (NYSE:CE) is a specialty materials firm. Berkshire Hathaway owned over 7.8 million shares of the company at the end of the first quarter of 2022 worth $1.1 billion, representing 0.3% of the portfolio. Celanese has an impressive dividend history stretching back sixteen years. Over the past twelve years, the payouts have consistently grown. On April 19, the company declared a quarterly dividend of $0.68 per share, in line with previous. The forward yield was 1.85%. 

On April 8, JPMorgan analyst Jeffrey Zekauskas maintained an Overweight rating on Celanese Corporation (NYSE:CE) stock with a price target of $190, noting that the firm was benefiting from extended tightness in global acetyls markets. 

At the end of the fourth quarter of 2021, 35 hedge funds in the database of Insider Monkey held stakes worth $1 billion in Celanese Corporation (NYSE:CE), up from 26 in the previous quarter worth $735 million.

Among the hedge funds being tracked by Insider Monkey, New York-based investment firm Holocene Advisors is a leading shareholder in Celanese Corporation (NYSE:CE), with 1.5 million shares worth more than $223 million. 

In its Q4 2021 investor letter, Artisan Partners, an asset management firm, highlighted a few stocks and Celanese Corporation (NYSE:CE) was one of them. Here is what the fund said:

“In Q4, the portfolio participated in the up market but trailed its benchmark. Relative performance during the period was held back by our comparative sector and industry exposures, as well as by underperformance among our health care holdings. Our sales activity in Q4 was focused on our successes. We fully exited Celanese Corporation (NYSE:CE), a chemicals and advanced materials producer, as shares have benefited from rising raw materials prices.”

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