Sealed Air Co. (NYSE:SEE) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lifted its holdings in shares of Sealed Air Co. (NYSE:SEE - Free Report) by 2.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,646,933 shares of the industrial products company's stock after buying an additional 32,976 shares during the period. Charles Schwab Investment Management Inc. owned about 1.13% of Sealed Air worth $55,716,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of SEE. Steward Partners Investment Advisory LLC increased its stake in Sealed Air by 30.6% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,897 shares of the industrial products company's stock valued at $64,000 after purchasing an additional 444 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in Sealed Air by 98.4% in the fourth quarter. Jones Financial Companies Lllp now owns 1,569 shares of the industrial products company's stock valued at $53,000 after acquiring an additional 778 shares during the last quarter. Smartleaf Asset Management LLC boosted its holdings in Sealed Air by 148.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,530 shares of the industrial products company's stock valued at $51,000 after acquiring an additional 913 shares during the last quarter. Metis Global Partners LLC raised its position in Sealed Air by 4.3% in the fourth quarter. Metis Global Partners LLC now owns 9,039 shares of the industrial products company's stock valued at $306,000 after purchasing an additional 375 shares during the period. Finally, A&I Financial Services LLC purchased a new stake in shares of Sealed Air during the fourth quarter worth about $527,000. 94.40% of the stock is owned by hedge funds and other institutional investors.

Sealed Air Stock Down 1.6 %

NYSE SEE opened at $29.58 on Friday. The stock has a market cap of $4.31 billion, a PE ratio of 10.88 and a beta of 1.32. The company has a debt-to-equity ratio of 5.62, a quick ratio of 0.79 and a current ratio of 1.29. The firm has a 50-day simple moving average of $33.68 and a 200 day simple moving average of $34.78. Sealed Air Co. has a twelve month low of $29.33 and a twelve month high of $41.14.

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

Sealed Air Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.70%. The ex-dividend date is Friday, March 14th. Sealed Air's dividend payout ratio is 44.20%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on SEE shares. UBS Group lifted their target price on Sealed Air from $37.00 to $38.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 26th. Bank of America dropped 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, January 6th. StockNews.com raised Sealed Air from a "hold" rating to a "buy" rating in a report on Wednesday, February 19th. Citigroup cut their target price on shares of Sealed Air from $44.00 to $42.00 and set a "buy" rating on the stock in a research note on Monday, January 6th. Finally, Morgan Stanley lowered their price target on shares of Sealed Air from $39.00 to $38.00 and set an "equal weight" rating on the stock in a report on Monday, January 13th. Six 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 stock. According to MarketBeat.com, Sealed Air presently has an average rating of "Moderate Buy" and a consensus target price of $40.25.

Insider Transactions at Sealed Air

In related news, Director Henry R. Keizer purchased 1,120 shares of Sealed Air stock in a transaction dated Tuesday, March 11th. The stock was bought at an average price of $30.00 per share, for a total transaction of $33,600.00. Following the completion of the acquisition, the director now directly owns 35,000 shares of the company's stock, valued at $1,050,000. This represents a 3.31 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.30% of the stock is owned by corporate 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.

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