Jones Financial Companies Lllp Acquires 129,364 Shares of Sealed Air Corporation $SEE

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 the company in its most recent Form 13F filing with the 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 approximately 0.09% of Sealed Air worth $3,784,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in Sealed Air during the 4th quarter worth about $27,000. Strategic Investment Solutions Inc. IL acquired a new position in shares of Sealed Air during the first quarter worth approximately $26,000. North Capital Inc. bought a new stake in shares of Sealed Air during the first quarter valued at approximately $30,000. CX Institutional bought a new stake in shares of Sealed Air during the first quarter valued at approximately $52,000. Finally, Whittier Trust Co. increased its holdings in shares of Sealed Air by 77.7% in the first quarter. Whittier Trust Co. now owns 1,823 shares of the industrial products company's stock valued at $53,000 after purchasing an additional 797 shares in the last quarter. Institutional investors and hedge funds own 94.40% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have commented on SEE. UBS Group increased their price objective on Sealed Air from $39.00 to $40.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. Wells Fargo & Company raised their price target on Sealed Air from $39.00 to $43.00 and gave the company an "overweight" rating in a report on Friday, July 18th. Mizuho boosted their price objective on Sealed Air from $34.00 to $37.00 and gave the stock an "outperformer" rating in a report on Tuesday, July 15th. Raymond James Financial restated a "strong-buy" rating on shares of Sealed Air in a research report on Tuesday, July 15th. Finally, JPMorgan Chase & Co. upgraded shares of Sealed Air from a "neutral" rating to an "overweight" rating and lifted their price target for the stock from $33.00 to $36.00 in a research report on Tuesday. One equities research 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 stock. Based on data from MarketBeat, Sealed Air has an average rating of "Moderate Buy" and a consensus price target of $38.55.

Sealed Air Stock Performance

Shares of NYSE:SEE opened at $32.82 on Thursday. The firm's 50 day simple moving average is $31.30 and its 200 day simple moving average is $30.44. Sealed Air Corporation has a fifty-two week low of $22.78 and a fifty-two week high of $38.85. The company has a market capitalization of $4.83 billion, a price-to-earnings ratio of 16.57, a P/E/G ratio of 2.60 and a beta of 1.33. The company has a debt-to-equity ratio of 4.18, a current ratio of 1.19 and a quick ratio of 0.71.

Sealed Air (NYSE:SEE - Get Free Report) last issued its 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. The firm 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%. The business's quarterly revenue was down .7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.83 earnings per share. Sealed Air has set its FY 2025 guidance at 2.900-3.300 EPS. As a group, sell-side analysts forecast that Sealed Air Corporation will post 3.05 earnings per share for the current year.

Sealed Air Announces Dividend

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

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