Principal Financial Group Inc. Has $21.17 Million Holdings in Sealed Air Corporation (NYSE:SEE)

Principal Financial Group Inc. lifted its holdings in Sealed Air Corporation (NYSE:SEE - Free Report) by 2.8% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 732,624 shares of the industrial products company's stock after acquiring an additional 20,029 shares during the period. Principal Financial Group Inc. owned approximately 0.50% of Sealed Air worth $21,173,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of Sealed Air in the 4th quarter valued at approximately $27,000. Brown Brothers Harriman & Co. boosted its position in Sealed Air by 89.0% during the 4th quarter. Brown Brothers Harriman & Co. now owns 1,512 shares of the industrial products company's stock worth $51,000 after buying an additional 712 shares during the period. CX Institutional bought a new stake in Sealed Air during the 1st quarter worth approximately $52,000. Jones Financial Companies Lllp increased its position in Sealed Air by 98.4% in the 4th quarter. Jones Financial Companies Lllp now owns 1,569 shares of the industrial products company's stock valued at $53,000 after acquiring an additional 778 shares during the period. Finally, Steward Partners Investment Advisory LLC raised its stake in shares of Sealed Air by 30.6% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,897 shares of the industrial products company's stock valued at $64,000 after acquiring an additional 444 shares during the last quarter. 94.40% of the stock is currently owned by institutional investors and hedge funds.

Sealed Air Stock Performance

NYSE SEE opened at $32.47 on Thursday. The company's 50 day moving average is $31.47 and its 200-day moving average is $31.38. Sealed Air Corporation has a 12-month low of $22.78 and a 12-month high of $38.85. The company has a quick ratio of 0.76, a current ratio of 1.26 and a debt-to-equity ratio of 5.26. The firm has a market cap of $4.77 billion, a P/E ratio of 16.07, a price-to-earnings-growth ratio of 2.93 and a beta of 1.35.

Sealed Air (NYSE:SEE - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The industrial products company reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.14. The company had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.27 billion. Sealed Air had a net margin of 5.55% and a return on equity of 65.49%. The company's quarterly revenue was down 4.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.78 earnings per share. Sell-side analysts predict that Sealed Air Corporation will post 3.05 earnings per share for the current year.

Sealed Air Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, June 13th were paid a dividend of $0.20 per share. The ex-dividend date was Friday, June 13th. This represents a $0.80 annualized dividend and a yield of 2.46%. Sealed Air's dividend payout ratio is currently 39.60%.

Analyst Ratings Changes

SEE has been the subject of several analyst reports. Mizuho lowered their price target on shares of Sealed Air from $39.00 to $32.00 and set an "outperform" rating for the company in a report on Tuesday, April 15th. Truist Financial lowered their price target on shares of Sealed Air from $44.00 to $33.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. UBS Group raised their price target on shares of Sealed Air from $39.00 to $40.00 and gave the stock a "buy" rating in a report on Wednesday. Raymond James Financial lowered their price target on shares of Sealed Air from $42.00 to $36.00 and set a "strong-buy" rating for the company in a report on Tuesday, April 22nd. Finally, Wall Street Zen upgraded shares of Sealed Air from a "hold" rating to a "buy" rating in a report on Friday, June 6th. Four research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Sealed Air currently has a consensus rating of "Moderate Buy" and an average price target of $37.36.

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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