Amundi Decreases Holdings in Sealed Air Corporation $SEE

Key Points

• Amundi has reduced its stake in Sealed Air Corporation by 19.2%, selling 14,708 shares and leaving it with a total of 61,771 shares valued at approximately $1.67 million.
• Wall Street analysts have a mostly positive outlook on Sealed Air, with multiple firms increasing their price targets and issuing "buy" ratings, resulting in an average price target of $38.55.
• Sealed Air has announced a quarterly dividend of $0.20 per share, representing a 2.4% yield, with the payout scheduled for September 26th.

Amundi trimmed its position in shares of Sealed Air Corporation (NYSE:SEE - Free Report) by 19.2% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 61,771 shares of the industrial products company's stock after selling 14,708 shares during the quarter. Amundi's holdings in Sealed Air were worth $1,673,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of SEE. Brighton Jones LLC acquired a new position in shares of Sealed Air during the fourth quarter worth approximately $737,000. Deutsche Bank AG raised its position 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 worth $2,848,000 after purchasing an additional 1,034 shares during the period. Focus Partners Wealth raised its position 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 worth $835,000 after purchasing an additional 3,869 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Sealed Air during the fourth quarter worth approximately $27,000. Finally, Man Group plc raised its position in shares of Sealed Air by 0.8% during the fourth quarter. Man Group plc now owns 342,495 shares of the industrial products company's stock worth $11,587,000 after purchasing an additional 2,763 shares during the period. 94.40% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on SEE. Wells Fargo & Company upped their target price on Sealed Air from $39.00 to $43.00 and gave the stock an "overweight" rating in a research report on Friday, July 18th. Truist Financial increased their price target on Sealed Air from $33.00 to $40.00 and gave the company a "buy" rating in a research report on Friday, July 11th. JPMorgan Chase & Co. raised Sealed Air from a "neutral" rating to an "overweight" rating and increased their price target for the company from $33.00 to $36.00 in a research report on Tuesday, September 9th. Raymond James Financial reissued a "strong-buy" rating on shares of Sealed Air in a research report on Tuesday, July 15th. Finally, UBS Group increased their price target on Sealed Air from $39.00 to $40.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Sealed Air currently has a consensus rating of "Moderate Buy" and an average price target of $38.55.

Sealed Air Price Performance

SEE traded up $0.23 during trading on Tuesday, reaching $33.88. 1,046,481 shares of the company were exchanged, compared to its average volume of 1,569,725. The company's 50-day moving average is $31.39 and its two-hundred day moving average is $30.41. Sealed Air Corporation has a 12-month low of $22.78 and a 12-month high of $38.85. The company has a market cap of $4.98 billion, a price-to-earnings ratio of 17.11, a P/E/G ratio of 2.64 and a beta of 1.33. 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 results on Tuesday, August 5th. The industrial products company reported $0.89 earnings per share for the quarter, beating 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 analysts' expectations of $1.32 billion. During the same quarter last year, the firm posted $0.83 EPS. The company's revenue was down .7% compared to the same quarter last year. Sealed Air has set its FY 2025 guidance at 2.900-3.300 EPS. Research analysts forecast that Sealed Air Corporation will post 3.05 earnings per share for the current fiscal year.

Sealed Air Dividend Announcement

The company 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 dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Friday, September 12th. Sealed Air's dividend payout ratio (DPR) is currently 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.