Blair William & Co. IL Lowers Holdings in Sealed Air Co. (NYSE:SEE)

Blair William & Co. IL lowered its stake in Sealed Air Co. (NYSE:SEE - Free Report) by 66.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,796 shares of the industrial products company's stock after selling 17,138 shares during the period. Blair William & Co. IL's holdings in Sealed Air were worth $298,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of SEE. Manchester Capital Management LLC lifted its holdings in Sealed Air by 139.4% in the 4th quarter. Manchester Capital Management LLC now owns 1,202 shares of the industrial products company's stock worth $41,000 after buying an additional 700 shares during the period. GAMMA Investing LLC lifted its holdings in Sealed Air by 218.0% in the 4th quarter. GAMMA Investing LLC now owns 1,323 shares of the industrial products company's stock worth $45,000 after buying an additional 907 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Sealed Air in the 4th quarter worth approximately $45,000. Smartleaf Asset Management LLC lifted its holdings in Sealed Air by 148.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,530 shares of the industrial products company's stock worth $51,000 after buying an additional 913 shares during the period. Finally, Jones Financial Companies Lllp lifted its stake in shares of Sealed Air by 98.4% in the 4th quarter. Jones Financial Companies Lllp now owns 1,569 shares of the industrial products company's stock valued at $53,000 after purchasing an additional 778 shares during the period. Hedge funds and other institutional investors own 94.40% of the company's stock.

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Insider Activity at Sealed Air

In related news, Director Henry R. Keizer bought 1,120 shares of the stock in a transaction that occurred on Tuesday, March 11th. The shares were bought at an average cost of $30.00 per share, for a total transaction of $33,600.00. Following the completion of the transaction, the director now owns 35,000 shares of the company's stock, valued at approximately $1,050,000. This trade 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 is accessible through the SEC website. 0.30% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have recently commented on SEE shares. 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 research note on Monday, January 13th. Bank of America lowered their target price on Sealed Air from $42.00 to $39.00 and set a "buy" rating for the company in a research note on Monday, January 6th. Wells Fargo & Company raised their target price on Sealed Air from $42.00 to $43.00 and gave the company an "overweight" rating in a research note on Wednesday, February 26th. Citigroup reduced their price objective on Sealed Air from $44.00 to $42.00 and set a "buy" rating for the company in a research report on Monday, January 6th. Finally, Jefferies Financial Group set a $36.00 price objective on Sealed Air in a research report on Tuesday, March 4th. Five research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $40.25.

Sealed Air Stock Down 5.6 %

Shares of Sealed Air stock traded down $1.50 on Thursday, reaching $25.48. The company's stock had a trading volume of 477,792 shares, compared to its average volume of 1,700,481. The company has a market capitalization of $3.71 billion, a price-to-earnings ratio of 9.37 and a beta of 1.35. The firm's fifty day simple moving average is $30.89 and its two-hundred day simple moving average is $33.83. Sealed Air Co. has a 52 week low of $22.78 and a 52 week high of $41.14. The company has a quick ratio of 0.79, a current ratio of 1.29 and a debt-to-equity ratio of 5.62.

Sealed Air (NYSE:SEE - Get Free Report) last issued its quarterly earnings data on Tuesday, February 25th. The industrial products company reported $0.75 EPS 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 company had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.36 billion. During the same quarter in the previous year, the company posted $0.88 earnings per share. Sealed Air's revenue was down .4% compared to the same quarter last year. Equities analysts anticipate that Sealed Air Co. will post 3.05 earnings per share for the current year.

Sealed Air Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.80 annualized dividend and a yield of 3.14%. Sealed Air's dividend payout ratio (DPR) is presently 44.20%.

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.