Sealed Air Corp. (SEE) Shares Sold by Sei Investments Co.
Sei Investments Co. decreased its stake in Sealed Air Corp. (NYSE:SEE) by 7.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 360,920 shares of the company’s stock after selling 29,439 shares during the period. Sei Investments Co.’s holdings in Sealed Air Corp. were worth $16,537,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of the company. Checchi Capital Advisers LLC boosted its position in Sealed Air Corp. by 0.9% in the second quarter. Checchi Capital Advisers LLC now owns 2,335 shares of the company’s stock valued at $107,000 after buying an additional 21 shares during the last quarter. Seven Eight Capital LLC boosted its position in Sealed Air Corp. by 8.9% in the second quarter. Seven Eight Capital LLC now owns 2,443 shares of the company’s stock valued at $112,000 after buying an additional 200 shares during the last quarter. Mizuho Asset Management Co. Ltd. boosted its position in Sealed Air Corp. by 128.3% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 2,730 shares of the company’s stock valued at $125,000 after buying an additional 1,534 shares during the last quarter. Johnson Financial Group Inc. boosted its position in Sealed Air Corp. by 18,782.4% in the second quarter. Johnson Financial Group Inc. now owns 3,210 shares of the company’s stock valued at $148,000 after buying an additional 3,193 shares during the last quarter. Finally, NEXT Financial Group Inc boosted its position in Sealed Air Corp. by 38.8% in the third quarter. NEXT Financial Group Inc now owns 3,400 shares of the company’s stock valued at $156,000 after buying an additional 950 shares during the last quarter. Institutional investors and hedge funds own 89.72% of the company’s stock.
Sealed Air Corp. (NYSE:SEE) traded down 0.858% on Wednesday, reaching $46.428. The company’s stock had a trading volume of 773,571 shares. The firm has a 50-day moving average of $45.50 and a 200-day moving average of $46.47. Sealed Air Corp. has a one year low of $38.02 and a one year high of $52.83. The company has a market capitalization of $8.97 billion, a PE ratio of 20.989 and a beta of 1.35.
Sealed Air Corp. (NYSE:SEE) last posted its earnings results on Thursday, October 27th. The company reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.02. Sealed Air Corp. had a return on equity of 92.87% and a net margin of 6.31%. The firm had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the prior year, the business earned $0.70 EPS. The business’s revenue for the quarter was down 1.7% on a year-over-year basis. Analysts predict that Sealed Air Corp. will post $2.60 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 16th. Shareholders of record on Friday, December 2nd will be issued a dividend of $0.16 per share. The ex-dividend date is Wednesday, November 30th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.36%. Sealed Air Corp.’s dividend payout ratio (DPR) is 29.63%.
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Several research firms recently commented on SEE. Zacks Investment Research cut Sealed Air Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, November 1st. JPMorgan Chase & Co. assumed coverage on Sealed Air Corp. in a report on Tuesday, September 13th. They issued a “neutral” rating and a $53.00 price objective for the company. Robert W. Baird reiterated an “outperform” rating on shares of Sealed Air Corp. in a report on Sunday, September 25th. Citigroup Inc. reiterated a “buy” rating and issued a $55.00 price objective on shares of Sealed Air Corp. in a report on Monday, October 17th. Finally, Credit Suisse Group AG reiterated an “outperform” rating and issued a $59.00 price objective on shares of Sealed Air Corp. in a report on Thursday, September 8th. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Sealed Air Corp. has an average rating of “Buy” and an average price target of $53.50.
About Sealed Air Corp.
Sealed Air Corporation is engaged in food safety and security, facility hygiene and product protection business. The Company’s segments are Food Care, Diversey Care, Product Care and Other (includes Corporate, Medical Applications and New Ventures businesses). The Food Care segment focuses on providing processors, retailers and food service operators a range of integrated system solutions.
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