American Century Companies Inc. Sells 122,366 Shares of 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. lowered its position in shares of Sealed Air Corporation (NYSE:SEE - Free Report) by 81.6% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm 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 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Brighton Jones LLC bought a new stake in shares of Sealed Air during the 4th quarter valued at $737,000. Northern Trust Corp grew its holdings in Sealed Air by 21.3% in the fourth quarter. Northern Trust Corp now owns 1,642,371 shares of the industrial products company's stock worth $55,561,000 after purchasing an additional 288,528 shares during the period. Deutsche Bank AG increased its stake in shares of Sealed Air by 1.2% during the fourth quarter. Deutsche Bank AG now owns 84,181 shares of the industrial products company's stock valued at $2,848,000 after purchasing an additional 1,034 shares in the last quarter. Focus Partners Wealth lifted its holdings in shares of Sealed Air by 18.6% during the fourth quarter. Focus Partners Wealth now owns 24,669 shares of the industrial products company's stock valued at $835,000 after purchasing an additional 3,869 shares during the last quarter. Finally, Graham Capital Management L.P. boosted its position in shares of Sealed Air by 97.6% in the 4th quarter. Graham Capital Management L.P. now owns 49,440 shares of the industrial products company's stock worth $1,673,000 after purchasing an additional 24,414 shares in the last quarter. 94.40% of the stock is owned by hedge funds and other institutional investors.

Sealed Air Stock Performance

SEE stock traded down $0.54 during trading on Wednesday, reaching $32.82. The stock had a trading volume of 1,337,355 shares, compared to its average volume of 1,494,407. Sealed Air Corporation has a 52 week low of $22.78 and a 52 week high of $38.85. The firm has a market cap of $4.83 billion, a PE ratio of 16.57, a PEG ratio of 2.60 and a beta of 1.33. The company has a current ratio of 1.19, a quick ratio of 0.71 and a debt-to-equity ratio of 4.18. The stock's 50 day moving average is $31.30 and its two-hundred day moving average is $30.44.

Sealed Air (NYSE:SEE - Get Free Report) last posted 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. Sealed Air had a return on equity of 60.61% and a net margin of 5.46%.The firm had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter last year, the company earned $0.83 earnings per share. The business's revenue for the quarter was down .7% compared to the same quarter last year. Sealed Air has set its FY 2025 guidance at 2.900-3.300 EPS. As a group, equities analysts anticipate that Sealed Air Corporation will post 3.05 earnings per share for the current year.

Sealed Air Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Friday, September 12th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Friday, September 12th. Sealed Air's dividend payout ratio is currently 40.40%.

Analyst Ratings Changes

Several brokerages have recently weighed in on SEE. Wall Street Zen upgraded Sealed Air from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. UBS Group raised 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. Raymond James Financial reiterated a "strong-buy" rating on shares of Sealed Air in a research note on Tuesday, July 15th. Truist Financial lifted their target price on Sealed Air from $33.00 to $40.00 and gave the stock a "buy" rating in a report on Friday, July 11th. Finally, JPMorgan Chase & Co. raised Sealed Air from a "neutral" rating to an "overweight" rating and upped their price target for the company from $33.00 to $36.00 in a report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Sealed Air currently has an average rating of "Moderate Buy" and an average target price of $38.55.

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.