Empowered Funds LLC Has $408,000 Stock Holdings in Sealed Air Co. (NYSE:SEE)

Empowered Funds LLC decreased its holdings in shares of Sealed Air Co. (NYSE:SEE - Free Report) by 70.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 12,060 shares of the industrial products company's stock after selling 29,182 shares during the period. Empowered Funds LLC's holdings in Sealed Air were worth $408,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. GHP Investment Advisors Inc. grew its position in shares of Sealed Air by 4.3% during the 4th quarter. GHP Investment Advisors Inc. now owns 42,373 shares of the industrial products company's stock worth $1,433,000 after buying an additional 1,748 shares during the period. Choreo LLC increased its stake in Sealed Air by 3.7% in the fourth quarter. Choreo LLC now owns 9,829 shares of the industrial products company's stock valued at $331,000 after purchasing an additional 351 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Sealed Air in the fourth quarter worth $45,000. Guidance Capital Inc. bought a new position in shares of Sealed Air during the fourth quarter worth $468,000. Finally, Western Pacific Wealth Management LP grew its holdings in shares of Sealed Air by 51.5% in the 4th quarter. Western Pacific Wealth Management LP now owns 9,220 shares of the industrial products company's stock valued at $312,000 after buying an additional 3,135 shares during the period. Institutional investors and hedge funds own 94.40% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on SEE. Mizuho cut their price objective on Sealed Air from $45.00 to $42.00 and set an "outperform" rating on the stock in a report on Tuesday, January 7th. StockNews.com upgraded shares of Sealed Air from a "hold" rating to a "buy" rating in a report on Wednesday. UBS Group cut their price objective on shares of Sealed Air from $39.00 to $37.00 and set a "neutral" rating on the stock in a research report on Friday, January 10th. Wells Fargo & Company lowered their target price on Sealed Air from $44.00 to $42.00 and set an "overweight" rating for the company in a report on Monday, January 6th. Finally, Truist Financial upped their price objective on Sealed Air from $41.00 to $44.00 and gave the stock a "buy" rating in a research report on Monday, January 6th. Seven research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $40.00.

Sealed Air Stock Performance

SEE stock traded down $0.74 during trading hours on Friday, reaching $32.32. The stock had a trading volume of 1,645,627 shares, compared to its average volume of 1,145,855. The stock has a 50-day simple moving average of $34.25 and a 200 day simple moving average of $34.92. Sealed Air Co. has a fifty-two week low of $30.87 and a fifty-two week high of $41.14. The stock has a market capitalization of $4.71 billion, a PE ratio of 11.88 and a beta of 1.34. The company has a debt-to-equity ratio of 5.62, a current ratio of 1.29 and a quick ratio of 0.79.

Sealed Air Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date is Friday, March 14th. Sealed Air's payout ratio is currently 29.41%.

Sealed Air Company Profile

Sealed Air Corporation provides packaging solutions in the Americas, Europe, the Middle East, Africa, Asia, Australia, and New Zealand. It operates through two segments, Food and Protective. The Food segment offers integrated packaging materials and automation equipment solutions to provide food safety, shelf life extension, reduce food waste, automate processes, and optimize total cost for food processors in the fresh red meat, smoked and processed meats, poultry, seafood, plant-based, fluids and liquids and cheese markets under the CRYOVAC, CRYOVAC Grip & Tear, CRYOVAC Darfresh, LIQUIBOX, Simple Steps, and Optidure brands.