Charles Schwab Investment Management Inc. Has $45.18 Million Position 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. cut its position in shares of Sealed Air Corporation (NYSE:SEE - Free Report) by 5.1% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 1,563,220 shares of the industrial products company's stock after selling 83,713 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.06% of Sealed Air worth $45,177,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Sealed Air in the 4th quarter valued at about $27,000. Strategic Investment Solutions Inc. IL bought a new stake in Sealed Air during the first quarter worth approximately $26,000. North Capital Inc. bought a new stake in Sealed Air during the first quarter worth approximately $30,000. CX Institutional bought a new stake in Sealed Air during the first quarter worth approximately $52,000. Finally, Whittier Trust Co. boosted its position in Sealed Air by 77.7% during 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 period. 94.40% of the stock is owned by hedge funds and other institutional investors.

Sealed Air Stock Performance

SEE stock traded down $0.23 during midday trading on Wednesday, hitting $31.08. The stock had a trading volume of 411,632 shares, compared to its average volume of 1,592,752. The firm has a market capitalization of $4.57 billion, a price-to-earnings ratio of 15.70, 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 stock has a 50-day simple moving average of $30.94 and a 200 day simple moving average of $30.59. The company has a current ratio of 1.19, a quick ratio of 0.71 and a debt-to-equity ratio of 4.18.

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, topping the consensus estimate of $0.72 by $0.17. The firm had revenue of $1.34 billion during the quarter, compared to analysts' expectations of $1.32 billion. Sealed Air had a return on equity of 60.61% and a net margin of 5.46%.Sealed Air's quarterly revenue was down .7% compared to the same quarter last year. During the same period last year, the business earned $0.83 earnings per share. Sealed Air has set its FY 2025 guidance at 2.900-3.300 EPS. As a group, equities research analysts anticipate that Sealed Air Corporation will post 3.05 earnings per share for the current year.

Sealed Air Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Friday, September 12th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.6%. The ex-dividend date is Friday, September 12th. Sealed Air's dividend payout ratio is currently 40.40%.

Analysts Set New Price Targets

A number of brokerages have issued reports on SEE. Mizuho upped their target price on Sealed Air from $34.00 to $37.00 and gave the stock an "outperformer" rating in a research report on Tuesday, July 15th. Truist Financial increased their price objective on Sealed Air from $33.00 to $40.00 and gave the company a "buy" rating in a research report on Friday, July 11th. Wall Street Zen raised Sealed Air from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. Citigroup increased their price objective on Sealed Air from $33.00 to $37.00 and gave the company a "buy" rating in a research report on Friday, July 11th. Finally, Raymond James Financial reissued a "strong-buy" rating on shares of Sealed Air in a research report on Tuesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $38.80.

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.