American Century Companies Inc. Lowers Position in Sealed Air Corporation $SEE

Key Points

• American Century Companies Inc. has reduced its stake in Sealed Air Corporation by 81.6%, selling 122,366 shares and now holding a total of 27,653 shares valued at approximately $799,000.
• Several analysts have upgraded their ratings on Sealed Air, with Citigroup and Truist Financial raising their target prices to $37.00 and $40.00 respectively, and a consensus rating of "Moderate Buy" along with a target price of $38.80.
• Sealed Air recently declared a $0.20 quarterly dividend, expected to yield 2.5% annually, with a payout ratio of 40.40%.

American Century Companies Inc. decreased its position in Sealed Air Corporation (NYSE:SEE - Free Report) by 81.6% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 27,653 shares of the industrial products company's stock after selling 122,366 shares during the period. American Century Companies Inc.'s holdings in Sealed Air were worth $799,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its stake in Sealed Air by 182.4% in the 1st quarter. GAMMA Investing LLC now owns 3,736 shares of the industrial products company's stock valued at $108,000 after buying an additional 2,413 shares during the last quarter. Oppenheimer Asset Management Inc. increased its stake in Sealed Air by 7.0% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 56,323 shares of the industrial products company's stock valued at $1,628,000 after buying an additional 3,664 shares during the last quarter. Manning & Napier Advisors LLC increased its stake in Sealed Air by 200.0% in the 1st quarter. Manning & Napier Advisors LLC now owns 60,000 shares of the industrial products company's stock valued at $1,734,000 after buying an additional 40,000 shares during the last quarter. Russell Investments Group Ltd. increased its stake in Sealed Air by 9.4% in the 1st quarter. Russell Investments Group Ltd. now owns 105,651 shares of the industrial products company's stock valued at $3,053,000 after buying an additional 9,052 shares during the last quarter. Finally, Public Sector Pension Investment Board increased its stake in Sealed Air by 43.1% in the 1st quarter. Public Sector Pension Investment Board now owns 519,339 shares of the industrial products company's stock valued at $15,009,000 after buying an additional 156,309 shares during the last quarter. Hedge funds and other institutional investors own 94.40% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. UBS Group increased their price objective on shares of Sealed Air from $39.00 to $40.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. Citigroup increased their target price 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. Mizuho increased their target price on shares of Sealed Air from $34.00 to $37.00 and gave the company an "outperformer" rating in a research report on Tuesday, July 15th. Truist Financial increased their target price 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. Finally, Raymond James Financial reissued a "strong-buy" rating on shares of Sealed Air in a research report on Tuesday, July 15th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat, Sealed Air currently has an average rating of "Moderate Buy" and an average price target of $38.80.

Sealed Air Stock Performance

SEE traded up $0.41 on Friday, hitting $32.72. The company's stock had a trading volume of 1,213,442 shares, compared to its average volume of 1,467,573. The company's 50 day simple moving average is $31.23 and its 200-day simple moving average is $30.42. The firm has a market cap of $4.81 billion, a P/E ratio of 16.52, a price-to-earnings-growth ratio of 2.55 and a beta of 1.33. Sealed Air Corporation has a 12 month low of $22.78 and a 12 month high of $38.85. The company has a quick ratio of 0.71, a current ratio of 1.19 and a debt-to-equity ratio of 4.18.

Sealed Air (NYSE:SEE - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The industrial products company reported $0.89 EPS for the quarter, topping the consensus estimate of $0.72 by $0.17. The company had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.32 billion. Sealed Air had a net margin of 5.46% and a return on equity of 60.61%. Sealed Air's revenue for the quarter was down .7% on a year-over-year basis. During the same period last year, the firm earned $0.83 EPS. Sealed Air has set its FY 2025 guidance at 2.900-3.300 EPS. Analysts forecast that Sealed Air Corporation will post 3.05 EPS for the current year.

Sealed Air Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, September 12th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Friday, September 12th. This represents a $0.80 annualized dividend and a yield of 2.4%. Sealed Air's dividend payout ratio (DPR) is 40.40%.

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.