Allianz Asset Management GmbH Grows Position in Sealed Air Corporation (NYSE:SEE)

Allianz Asset Management GmbH raised its stake in Sealed Air Corporation (NYSE:SEE - Free Report) by 31.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 83,438 shares of the industrial products company's stock after acquiring an additional 20,134 shares during the quarter. Allianz Asset Management GmbH owned approximately 0.06% of Sealed Air worth $2,411,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Sealed Air during the 4th quarter worth approximately $27,000. North Capital Inc. acquired a new position in shares of Sealed Air during the 1st quarter worth approximately $30,000. Brown Brothers Harriman & Co. raised its stake in shares of 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 acquired a new position in shares of Sealed Air during the 1st quarter worth approximately $52,000. Finally, Whittier Trust Co. raised its stake in shares of Sealed Air by 77.7% during the 1st quarter. Whittier Trust Co. now owns 1,823 shares of the industrial products company's stock worth $53,000 after buying an additional 797 shares during the period. 94.40% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently commented on the company. UBS Group boosted their price target on Sealed Air from $39.00 to $40.00 and gave the stock a "buy" rating in a research report on Wednesday, July 9th. Mizuho boosted their price target on Sealed Air from $34.00 to $37.00 and gave the stock an "outperformer" rating in a research report on Tuesday, July 15th. Raymond James Financial reiterated a "strong-buy" rating on shares of Sealed Air in a research report on Tuesday, July 15th. Wall Street Zen upgraded Sealed Air from a "hold" rating to a "buy" rating in a research report on Friday, June 6th. Finally, 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. Four research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $38.27.

Sealed Air Trading Down 2.8%

Shares of SEE stock traded down $0.81 on Friday, hitting $28.46. 1,253,406 shares of the stock traded hands, compared to its average volume of 1,059,404. The firm's 50-day moving average price is $31.56 and its two-hundred day moving average price is $31.07. The stock has a market capitalization of $4.19 billion, a PE ratio of 14.09, a PEG ratio of 2.67 and a beta of 1.33. The company has a debt-to-equity ratio of 5.26, a quick ratio of 0.76 and a current ratio of 1.26. Sealed Air Corporation has a twelve month low of $22.78 and a twelve month high of $38.85.

Sealed Air (NYSE:SEE - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The industrial products company reported $0.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.67 by $0.14. The business had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.27 billion. Sealed Air had a net margin of 5.55% and a return on equity of 65.49%. The business's revenue was down 4.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.78 EPS. As a group, analysts anticipate that Sealed Air Corporation will post 3.05 EPS 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 dividend of $0.20 per share. The ex-dividend date is Friday, September 12th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.8%. Sealed Air's dividend payout ratio is currently 39.60%.

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.