Charles Schwab Investment Management Inc. Reduces Stock Holdings in Sealed Air Corporation $SEE

Key Points

• Charles Schwab Investment Management Inc. reduced its stake in Sealed Air Corporation by 5.1%, owning 1,563,220 shares valued at approximately $45.2 million as of the last reporting period.
• Sealed Air reported $0.89 earnings per share for the previous quarter, exceeding analyst estimates, with quarterly revenue of $1.34 billion, slightly down from the previous year.
• The company recently declared a quarterly dividend of $0.20 per share, resulting in an annual dividend yield of 2.5% for shareholders.

Charles Schwab Investment Management Inc. trimmed its stake in Sealed Air Corporation (NYSE:SEE - Free Report) by 5.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,563,220 shares of the industrial products company's stock after selling 83,713 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.06% of Sealed Air worth $45,177,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Strategic Investment Solutions Inc. IL bought a new position in shares of Sealed Air in the first quarter worth approximately $26,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Sealed Air in the fourth quarter worth approximately $27,000. North Capital Inc. bought a new position in shares of Sealed Air in the first quarter worth approximately $30,000. CX Institutional bought a new position in shares of Sealed Air in the first quarter worth approximately $52,000. Finally, Whittier Trust Co. increased its position 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 worth $53,000 after purchasing an additional 797 shares during the last quarter. 94.40% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

SEE has been the topic of several research analyst reports. UBS Group upped their price objective on shares of Sealed Air from $39.00 to $40.00 and gave the stock a "buy" rating in a research report on Wednesday, July 9th. Wells Fargo & Company increased their price target on shares of Sealed Air from $39.00 to $43.00 and gave the company an "overweight" rating in a research report on Friday, July 18th. Mizuho increased their price target on shares of Sealed Air from $34.00 to $37.00 and gave the company an "outperformer" rating in a research report on Tuesday, July 15th. Wall Street Zen upgraded shares of Sealed Air from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. Finally, Citigroup increased their price target on shares of Sealed Air from $33.00 to $37.00 and gave the company a "buy" rating in a research report on Friday, July 11th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $38.80.

Sealed Air Trading Up 1.3%

Shares of NYSE:SEE traded up $0.41 during trading on Thursday, reaching $31.68. 1,564,035 shares of the company traded hands, compared to its average volume of 1,615,339. The firm has a market capitalization of $4.66 billion, a price-to-earnings ratio of 16.00, a P/E/G ratio of 2.44 and a beta of 1.33. Sealed Air Corporation has a 52-week low of $22.78 and a 52-week high of $38.85. The company has a current ratio of 1.19, a quick ratio of 0.71 and a debt-to-equity ratio of 4.18. The business's fifty day moving average is $30.91 and its 200-day moving average is $30.57.

Sealed Air (NYSE:SEE - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The industrial products company reported $0.89 earnings per share for the quarter, beating analysts' consensus estimates of $0.72 by $0.17. The firm had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.32 billion. Sealed Air had a return on equity of 60.61% and a net margin of 5.46%.The business's quarterly revenue was down .7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.83 earnings per share. Sealed Air has set its FY 2025 guidance at 2.900-3.300 EPS. As a group, analysts forecast that Sealed Air Corporation will post 3.05 EPS for the current year.

Sealed Air Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Friday, September 12th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Friday, September 12th. Sealed Air's dividend payout ratio is 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.