Kwmg LLC Raises Stock Position in Sealed Air Co. (NYSE:SEE)

Kwmg LLC grew its position in shares of Sealed Air Co. (NYSE:SEE) by 5.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 136,537 shares of the industrial products company’s stock after purchasing an additional 6,527 shares during the quarter. Kwmg LLC’s holdings in Sealed Air were worth $4,619,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SEE. Empowered Funds LLC purchased a new position in shares of Sealed Air in the 3rd quarter valued at about $1,497,000. Maple Rock Capital Partners Inc. increased its position in shares of Sealed Air by 56.6% in the third quarter. Maple Rock Capital Partners Inc. now owns 1,517,493 shares of the industrial products company’s stock valued at $55,085,000 after buying an additional 548,493 shares in the last quarter. Deprince Race & Zollo Inc. lifted its position in shares of 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 buying an additional 24,940 shares in the last quarter. Commerce Bank grew its stake in Sealed Air by 67.6% in the 3rd quarter. Commerce Bank now owns 36,601 shares of the industrial products company’s stock valued at $1,329,000 after acquiring an additional 14,766 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in Sealed Air by 501.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 794,861 shares of the industrial products company’s stock worth $28,853,000 after acquiring an additional 662,606 shares in the last quarter. Hedge funds and other institutional investors own 94.40% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Mizuho dropped their target price on shares of Sealed Air from $45.00 to $42.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 7th. Morgan Stanley dropped their price target on shares of Sealed Air from $39.00 to $38.00 and set an “equal weight” rating for the company in a research note on Monday. Royal Bank of Canada lowered their price target on Sealed Air from $40.00 to $39.00 and set a “sector perform” rating for the company in a research report on Thursday, October 17th. Citigroup cut their price objective on Sealed Air from $44.00 to $42.00 and set a “buy” rating on the stock in a report on Monday, January 6th. Finally, Truist Financial lifted their target price on Sealed Air from $41.00 to $44.00 and gave the company a “buy” rating in a research report on Monday, January 6th. Seven analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $40.00.

Sealed Air Stock Up 1.7 %

Shares of Sealed Air stock traded up $0.57 during trading on Monday, hitting $33.62. 884,551 shares of the stock were exchanged, compared to its average volume of 1,036,524. The stock has a market cap of $4.90 billion, a price-to-earnings ratio of 12.36, a price-to-earnings-growth ratio of 4.97 and a beta of 1.34. The firm’s 50-day moving average price is $35.28 and its 200 day moving average price is $35.19. 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 12-month low of $30.87 and a 12-month high of $41.14.

Sealed Air (NYSE:SEE) last released its quarterly earnings data on Thursday, November 7th. The industrial products company reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.12. The business had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.34 billion. Sealed Air had a return on equity of 74.21% and a net margin of 7.34%. The business’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.77 EPS. As a group, analysts forecast that Sealed Air Co. will post 3.06 earnings per share for the current fiscal year.

Sealed Air Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.38%. The ex-dividend date was Friday, December 6th. Sealed Air’s payout ratio is 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.