Sealed Air Corporation $SEE Shares Purchased by Jones Financial Companies Lllp

Key Points

• Jones Financial Companies Lllp significantly increased its stake in Sealed Air Corporation by 8,245%, acquiring 129,364 shares to reach a total of approximately 130,933 shares valued at $3.78 million.
• Several analysts have raised their price targets for Sealed Air, with estimates ranging from $36.00 to $43.00, reflecting a consensus price target of $38.55 as the stock is rated as a "Moderate Buy".
• The company announced a quarterly dividend of $0.20 per share, which will yield approximately 2.4% annually, highlighting strong shareholder returns.

Jones Financial Companies Lllp grew its holdings in Sealed Air Corporation (NYSE:SEE - Free Report) by 8,245.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 130,933 shares of the industrial products company's stock after buying an additional 129,364 shares during the quarter. Jones Financial Companies Lllp owned 0.09% of Sealed Air worth $3,784,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Strategic Investment Solutions Inc. IL purchased a new stake in shares of Sealed Air during the first quarter worth approximately $26,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Sealed Air during the fourth quarter worth approximately $27,000. North Capital Inc. purchased a new stake in shares of Sealed Air during the first quarter worth approximately $30,000. CX Institutional purchased a new stake in shares of Sealed Air during the first quarter worth approximately $52,000. Finally, Whittier Trust Co. increased its position in shares of Sealed Air by 77.7% during the first quarter. Whittier Trust Co. now owns 1,823 shares of the industrial products company's stock worth $53,000 after purchasing an additional 797 shares in the last quarter. 94.40% of the stock is currently owned by hedge funds and other institutional investors.

Sealed Air Trading Up 0.7%

Shares of Sealed Air stock traded up $0.23 during trading hours on Tuesday, hitting $33.88. The company's stock had a trading volume of 1,046,481 shares, compared to its average volume of 1,289,279. Sealed Air Corporation has a twelve month low of $22.78 and a twelve month high of $38.85. The firm has a fifty day moving average of $31.43 and a 200-day moving average of $30.44. The stock has a market cap of $4.98 billion, a price-to-earnings ratio of 17.11, a P/E/G ratio of 2.62 and a beta of 1.33. The company has a debt-to-equity ratio of 4.18, a quick ratio of 0.71 and a current ratio of 1.19.

Sealed Air (NYSE:SEE - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The industrial products company reported $0.89 EPS 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 business had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same quarter in the prior year, the company posted $0.83 EPS. The company's quarterly revenue was down .7% on a year-over-year basis. 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 EPS for the current year.

Sealed Air Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, September 12th will be paid a dividend of $0.20 per share. 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 is presently 40.40%.

Analyst Ratings Changes

SEE has been the subject of several research reports. Citigroup boosted their price target on Sealed Air from $33.00 to $37.00 and gave the stock a "buy" rating in a research report on Friday, July 11th. Wells Fargo & Company boosted their price objective on Sealed Air from $39.00 to $43.00 and gave the stock an "overweight" rating in a research note on Friday, July 18th. UBS Group boosted their price objective on Sealed Air from $39.00 to $40.00 and gave the stock a "buy" rating in a research note on Wednesday, July 9th. JPMorgan Chase & Co. raised Sealed Air from a "neutral" rating to an "overweight" rating and boosted their price objective for the stock from $33.00 to $36.00 in a research note on Tuesday, September 9th. Finally, Truist Financial boosted their price objective on Sealed Air from $33.00 to $40.00 and gave the stock a "buy" rating in a research note on Friday, July 11th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target 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.