Cwm LLC Sells 4,562 Shares of Sealed Air Corporation (NYSE:SEE)

Cwm LLC cut its holdings in Sealed Air Corporation (NYSE:SEE) by 53.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,044 shares of the industrial products company’s stock after selling 4,562 shares during the period. Cwm LLC’s holdings in Sealed Air were worth $117,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. T. Rowe Price Investment Management Inc. lifted its position in Sealed Air by 9.6% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 12,316,192 shares of the industrial products company’s stock worth $416,657,000 after acquiring an additional 1,081,848 shares during the last quarter. Invesco Ltd. lifted its position in Sealed Air by 69.2% during the 4th quarter. Invesco Ltd. now owns 3,788,839 shares of the industrial products company’s stock worth $128,176,000 after acquiring an additional 1,549,184 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Sealed Air by 8.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,204,663 shares of the industrial products company’s stock worth $74,583,000 after acquiring an additional 178,592 shares during the last quarter. Northern Trust Corp lifted its position in Sealed Air by 21.3% during the 4th quarter. Northern Trust Corp now owns 1,642,371 shares of the industrial products company’s stock worth $55,561,000 after acquiring an additional 288,528 shares during the last quarter. Finally, Maple Rock Capital Partners Inc. raised its position in shares of Sealed Air by 7.4% during the fourth quarter. Maple Rock Capital Partners Inc. now owns 1,630,493 shares of the industrial products company’s stock valued at $55,160,000 after buying an additional 113,000 shares during the last quarter. Institutional investors and hedge funds own 94.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Citigroup upped their price objective on shares of Sealed Air from $33.00 to $37.00 and gave the company a “buy” rating in a research report on Friday, July 11th. Truist Financial upped 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. Raymond James Financial reaffirmed a “strong-buy” rating on shares of Sealed Air in a research report on Tuesday, July 15th. Wall Street Zen raised shares of Sealed Air from a “hold” rating to a “buy” rating in a research report on Friday, June 6th. Finally, UBS Group upped their price objective on shares of Sealed Air from $39.00 to $40.00 and gave the company a “buy” rating in a research report on Wednesday, July 9th. Four analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $38.27.

Sealed Air Stock Performance

NYSE SEE opened at $30.40 on Wednesday. The stock has a market cap of $4.47 billion, a P/E ratio of 15.05, a PEG ratio of 2.81 and a beta of 1.35. The company’s 50-day simple moving average is $31.66 and its 200 day simple moving average is $31.11. Sealed Air Corporation has a twelve month low of $22.78 and a twelve month high of $38.85. The company has a quick ratio of 0.76, a current ratio of 1.26 and a debt-to-equity ratio of 5.26.

Sealed Air (NYSE:SEE) last issued its quarterly earnings data on Tuesday, May 6th. The industrial products company reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.14. The firm had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.27 billion. Sealed Air had a net margin of 5.55% and a return on equity of 65.49%. The company’s quarterly revenue was down 4.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.78 earnings per share. As a group, research analysts forecast that Sealed Air Corporation will post 3.05 earnings per share for the current fiscal year.

Sealed Air Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Friday, September 12th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.63%. The ex-dividend date of this dividend is Friday, September 12th. Sealed Air’s payout ratio is 39.60%.

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.