Brighton Jones LLC Boosts Stock Holdings in Sealed Air Corporation $SEE

Brighton Jones LLC boosted its stake in shares of Sealed Air Corporation (NYSE:SEE) by 2.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 28,551 shares of the industrial products company’s stock after acquiring an additional 626 shares during the period. Brighton Jones LLC’s holdings in Sealed Air were worth $886,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Strategic Investment Solutions Inc. IL purchased a new position in Sealed Air during the first quarter valued at $26,000. North Capital Inc. bought a new position in Sealed Air during the first quarter valued at $30,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Sealed Air by 94.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,553 shares of the industrial products company’s stock valued at $45,000 after purchasing an additional 756 shares during the last quarter. Whittier Trust Co. lifted its position in Sealed Air by 77.7% during the first quarter. Whittier Trust Co. now owns 1,823 shares of the industrial products company’s stock valued at $53,000 after purchasing an additional 797 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd bought a new position in Sealed Air during the first quarter valued at $58,000. 94.40% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Mizuho increased their price objective on shares of Sealed Air from $36.00 to $41.00 and gave the company an “outperform” rating in a research report on Friday, October 3rd. Raymond James Financial reiterated a “strong-buy” rating and set a $50.00 price objective (up previously from $39.00) on shares of Sealed Air in a research report on Friday, October 17th. Wall Street Zen upgraded shares of Sealed Air from a “hold” rating to a “buy” rating in a research report on Saturday, August 9th. JPMorgan Chase & Co. upgraded shares of Sealed Air from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $33.00 to $36.00 in a research report on Tuesday, September 9th. Finally, Truist Financial increased their price objective on shares of Sealed Air from $33.00 to $40.00 and gave the company a “buy” rating in a research report on Friday, July 11th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $41.09.

Sealed Air Trading Up 0.0%

Shares of SEE opened at $34.86 on Tuesday. Sealed Air Corporation has a 1-year low of $22.78 and a 1-year high of $38.85. The company has a 50-day moving average of $33.77 and a 200 day moving average of $31.59. The firm has a market capitalization of $5.13 billion, a price-to-earnings ratio of 17.60, a PEG ratio of 2.48 and a beta of 1.36. The company has a debt-to-equity ratio of 4.18, a current ratio of 1.19 and a quick ratio of 0.71.

Sealed Air (NYSE:SEE) last announced its quarterly earnings data on Tuesday, August 5th. The industrial products company reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.17. Sealed Air had a net margin of 5.46% and a return on equity of 60.61%. The company had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same quarter last year, the business posted $0.83 EPS. The firm’s revenue for the quarter was down .7% on a year-over-year basis. Sealed Air has set its FY 2025 guidance at 2.900-3.300 EPS. On average, research analysts expect that Sealed Air Corporation will post 3.05 EPS for the current year.

Sealed Air Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 19th. Investors of record on Friday, December 5th will be issued a dividend of $0.20 per share. The ex-dividend date is Friday, December 5th. This represents a $0.80 dividend on an annualized basis and a yield of 2.3%. Sealed Air’s dividend payout ratio (DPR) is presently 40.40%.

Sealed Air 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.