Tweedy Browne Co LLC Sells 201,640 Shares of Sealed Air Co. (NYSE:SEE)

Tweedy Browne Co LLC lessened its stake in shares of Sealed Air Co. (NYSE:SEE - Free Report) by 26.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 564,481 shares of the industrial products company's stock after selling 201,640 shares during the period. Sealed Air accounts for about 1.3% of Tweedy Browne Co LLC's portfolio, making the stock its 16th biggest position. Tweedy Browne Co LLC owned about 0.39% of Sealed Air worth $19,096,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently modified their holdings of the stock. Cerity Partners LLC raised its stake in Sealed Air by 49.2% in the third quarter. Cerity Partners LLC now owns 21,250 shares of the industrial products company's stock valued at $771,000 after purchasing an additional 7,003 shares in the last quarter. Bank of Montreal Can lifted its holdings in shares of Sealed Air by 175.5% during the 3rd quarter. Bank of Montreal Can now owns 256,641 shares of the industrial products company's stock worth $9,411,000 after acquiring an additional 163,493 shares during the period. FMR LLC boosted its position in shares of Sealed Air by 28.0% during the 3rd quarter. FMR LLC now owns 626,348 shares of the industrial products company's stock worth $22,736,000 after acquiring an additional 137,073 shares in the last quarter. Glenmede Trust Co. NA bought a new position in Sealed Air in the third quarter valued at approximately $321,000. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Sealed Air during the third quarter valued at approximately $1,383,000. 94.40% of the stock is currently owned by institutional investors.

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Analyst Ratings Changes

A number of research firms recently issued reports on SEE. Truist Financial upped their price objective on shares of Sealed Air from $41.00 to $44.00 and gave the stock a "buy" rating in a research report on Monday, January 6th. StockNews.com upgraded Sealed Air from a "hold" rating to a "buy" rating in a research note on Wednesday, February 19th. Bank of America cut their price objective on Sealed Air from $42.00 to $39.00 and set a "buy" rating on the stock in a report on Monday, January 6th. Morgan Stanley lowered their target price on Sealed Air from $39.00 to $38.00 and set an "equal weight" rating for the company in a report on Monday, January 13th. Finally, Mizuho cut their price target on Sealed Air from $45.00 to $42.00 and set an "outperform" rating on the stock in a research note on Tuesday, January 7th. Six analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $40.25.

Sealed Air Trading Down 10.0 %

NYSE SEE traded down $2.70 during mid-day trading on Friday, reaching $24.39. 3,464,529 shares of the stock were exchanged, compared to its average volume of 1,495,084. The stock has a market cap of $3.55 billion, a P/E ratio of 8.97 and a beta of 1.32. 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 Co. has a one year low of $24.35 and a one year high of $41.14. The stock has a 50 day simple moving average of $31.89 and a 200-day simple moving average of $34.17.

Sealed Air (NYSE:SEE - Get Free Report) last posted its quarterly earnings data on Tuesday, February 25th. The industrial products company reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.08. Sealed Air had a return on equity of 74.21% and a net margin of 7.34%. The firm had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.36 billion. During the same period last year, the company posted $0.88 EPS. The business's quarterly revenue was down .4% on a year-over-year basis. On average, analysts anticipate that Sealed Air Co. will post 3.05 EPS for the current year.

Sealed Air Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 3.28%. The ex-dividend date was Friday, March 14th. Sealed Air's dividend payout ratio (DPR) is 44.20%.

Insider Activity

In related news, Director Henry R. Keizer acquired 1,120 shares of the business's stock in a transaction dated Tuesday, March 11th. The shares were bought at an average price of $30.00 per share, with a total value of $33,600.00. Following the transaction, the director now directly owns 35,000 shares of the company's stock, valued at $1,050,000. This trade represents a 3.31 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.30% of the stock is currently owned by company insiders.

About Sealed Air

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.