Fmr LLC increased its position in shares of Sealed Air Corporation (NYSE:SEE) by 14.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,775,379 shares of the industrial products company’s stock after acquiring an additional 225,509 shares during the quarter. Fmr LLC owned 0.91% of Sealed Air Corporation worth $79,467,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in SEE. Fiduciary Trust Co. acquired a new stake in shares of Sealed Air Corporation during the second quarter valued at approximately $124,000. Global X Management Co. LLC raised its holdings in shares of Sealed Air Corporation by 30.4% during the first quarter. Global X Management Co. LLC now owns 2,950 shares of the industrial products company’s stock valued at $129,000 after acquiring an additional 687 shares during the period. Pacer Advisors Inc. raised its holdings in shares of Sealed Air Corporation by 3.0% during the first quarter. Pacer Advisors Inc. now owns 3,979 shares of the industrial products company’s stock valued at $173,000 after acquiring an additional 116 shares during the period. FNY Partners Fund LP acquired a new stake in shares of Sealed Air Corporation during the first quarter valued at approximately $196,000. Finally, Quantitative Systematic Strategies LLC acquired a new stake in shares of Sealed Air Corporation during the second quarter valued at approximately $201,000. Institutional investors and hedge funds own 92.12% of the company’s stock.
In other Sealed Air Corporation news, Director Lawrence R. Codey sold 3,500 shares of the firm’s stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $42.91, for a total transaction of $150,185.00. Following the sale, the director now directly owns 38,180 shares in the company, valued at approximately $1,638,303.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.05% of the company’s stock.
A number of equities research analysts have recently issued reports on SEE shares. Zacks Investment Research lowered shares of Sealed Air Corporation from a “hold” rating to a “sell” rating in a report on Tuesday. Robert W. Baird restated a “buy” rating and set a $55.00 price target on shares of Sealed Air Corporation in a report on Friday, September 1st. BidaskClub upgraded shares of Sealed Air Corporation from a “hold” rating to a “buy” rating in a report on Friday, June 16th. BMO Capital Markets restated a “hold” rating and set a $47.00 price target on shares of Sealed Air Corporation in a report on Thursday, July 20th. Finally, Jefferies Group LLC restated a “hold” rating and set a $44.00 price target on shares of Sealed Air Corporation in a report on Friday, August 11th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $48.33.
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Sealed Air Corporation (NYSE:SEE) last announced its earnings results on Tuesday, August 8th. The industrial products company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.01). The company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.06 billion. Sealed Air Corporation had a return on equity of 84.32% and a net margin of 6.81%. The business’s quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter last year, the business posted $0.65 earnings per share.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be issued a dividend of $0.16 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.64 annualized dividend and a yield of 1.45%. Sealed Air Corporation’s dividend payout ratio (DPR) is currently 33.16%.
Sealed Air Corporation Profile
Sealed Air Corporation is engaged in food safety and security, facility hygiene and product protection business. The Company’s segments are Food Care (includes Corporate, Medical Applications and New Ventures businesses), Product Care and Corporate. The Food Care segment focuses on providing a range of integrated system solutions.
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