Kwmg LLC Raises Stock Holdings in Sealed Air Corporation $SEE

Key Points

• Kwmg LLC increased its stake in Sealed Air Corporation by 9.3%, owning approximately 154,893 shares worth $4.8 million as of the latest SEC filing.
• Sealed Air reported a quarterly earnings of $0.89 per share, exceeding analysts' expectations of $0.72, with quarterly revenue at $1.34 billion.
• The company declared a quarterly dividend of $0.20 per share, representing an annualized dividend of $0.80 and a dividend yield of 2.4%.

Kwmg LLC grew its stake in Sealed Air Corporation (NYSE:SEE - Free Report) by 9.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 154,893 shares of the industrial products company's stock after buying an additional 13,172 shares during the quarter. Kwmg LLC owned approximately 0.11% of Sealed Air worth $4,806,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of SEE. Brighton Jones LLC purchased a new stake in Sealed Air in the fourth quarter worth about $737,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in Sealed Air in the fourth quarter worth about $27,000. Squarepoint Ops LLC purchased a new stake in Sealed Air in the fourth quarter worth about $350,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Sealed Air by 14.7% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 377,470 shares of the industrial products company's stock worth $12,770,000 after acquiring an additional 48,483 shares during the period. Finally, Mackenzie Financial Corp bought a new position in shares of Sealed Air in the fourth quarter worth about $231,000. Hedge funds and other institutional investors own 94.40% of the company's stock.

Sealed Air Trading Down 1.9%

Shares of NYSE SEE opened at $33.45 on Tuesday. The company has a debt-to-equity ratio of 4.18, a quick ratio of 0.71 and a current ratio of 1.19. The business's 50 day moving average price is $31.57 and its 200-day moving average price is $30.49. 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 cap of $4.92 billion, a price-to-earnings ratio of 16.89, a PEG ratio of 2.66 and a beta of 1.33.

Sealed Air (NYSE:SEE - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The industrial products company reported $0.89 earnings per share 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 period in the prior year, the business posted $0.83 earnings per share. The company's revenue for the quarter was down .7% on a year-over-year basis. Sealed Air has set its FY 2025 guidance at 2.900-3.300 EPS. On average, sell-side analysts expect that Sealed Air Corporation will post 3.05 earnings per share for the current year.

Sealed Air Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Friday, September 12th will be issued a $0.20 dividend. 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 presently 40.40%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on SEE shares. Truist Financial upped 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. UBS Group upped 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 upped their price objective for the stock from $33.00 to $36.00 in a research note on Tuesday, September 9th. Wells Fargo & Company upped 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. Finally, Mizuho upped their price objective on Sealed Air from $34.00 to $37.00 and gave the stock an "outperformer" rating in a research note on Tuesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $38.55.

Sealed Air Company 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.

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