JPMorgan Chase & Co. Has $28.85 Million Position in Sealed Air Co. (NYSE:SEE)

JPMorgan Chase & Co. boosted its holdings in shares of Sealed Air Co. (NYSE:SEE - Free Report) by 501.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 794,861 shares of the industrial products company's stock after purchasing an additional 662,606 shares during the period. JPMorgan Chase & Co. owned about 0.55% of Sealed Air worth $28,853,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Millennium Management LLC lifted its holdings in Sealed Air by 38.2% during the 2nd quarter. Millennium Management LLC now owns 4,114,281 shares of the industrial products company's stock valued at $143,136,000 after purchasing an additional 1,136,985 shares during the last quarter. Pacer Advisors Inc. bought a new position in shares of Sealed Air in the third quarter valued at approximately $139,800,000. Geode Capital Management LLC boosted its holdings in shares of Sealed Air by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 2,300,809 shares of the industrial products company's stock worth $83,542,000 after acquiring an additional 12,559 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Sealed Air by 33.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,910,647 shares of the industrial products company's stock worth $66,475,000 after acquiring an additional 479,675 shares during the last quarter. Finally, Deprince Race & Zollo Inc. increased its holdings in Sealed Air by 1.4% during the 2nd quarter. Deprince Race & Zollo Inc. now owns 1,856,020 shares of the industrial products company's stock valued at $64,571,000 after purchasing an additional 24,940 shares in the last quarter. 94.40% of the stock is owned by institutional investors and hedge funds.

Sealed Air Trading Down 1.5 %

NYSE SEE traded down $0.51 on Wednesday, reaching $33.71. The company had a trading volume of 1,139,822 shares, compared to its average volume of 1,124,404. Sealed Air Co. has a 52 week low of $30.87 and a 52 week high of $41.14. The stock's 50 day moving average is $35.46 and its 200-day moving average is $35.24. The company has a quick ratio of 0.79, a current ratio of 1.29 and a debt-to-equity ratio of 5.62. The stock has a market cap of $4.91 billion, a price-to-earnings ratio of 12.39, a PEG ratio of 4.97 and a beta of 1.34.

Sealed Air (NYSE:SEE - Get Free Report) last issued its earnings results on Thursday, November 7th. The industrial products company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.67 by $0.12. The firm had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.34 billion. Sealed Air had a net margin of 7.34% and a return on equity of 74.21%. The business's quarterly revenue was down 2.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.77 earnings per share. Equities analysts predict that Sealed Air Co. will post 3.06 earnings per share for the current year.

Sealed Air Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, December 6th. This represents a $0.80 dividend on an annualized basis and a yield of 2.37%. Sealed Air's payout ratio is 29.41%.

Analyst Ratings Changes

Several brokerages have recently commented on SEE. Bank of America decreased their target price on Sealed Air from $42.00 to $39.00 and set a "buy" rating on the stock in a report on Monday. Raymond James raised shares of Sealed Air from a "market perform" rating to a "strong-buy" rating and set a $42.00 price objective on the stock in a report on Thursday, October 17th. Citigroup dropped their target price on shares of Sealed Air from $44.00 to $42.00 and set a "buy" rating for the company in a research note on Monday. Mizuho decreased their price target on shares of Sealed Air from $45.00 to $42.00 and set an "outperform" rating on the stock in a research note on Tuesday. Finally, Wells Fargo & Company dropped their price objective on shares of Sealed Air from $44.00 to $42.00 and set an "overweight" rating for the company in a research report on Monday. Seven equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Sealed Air currently has an average rating of "Moderate Buy" and a consensus target price of $40.17.

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.