Vanguard Group Inc. Sells 29,757 Shares of Sealed Air Corporation $SEE

Key Points

• Vanguard Group Inc. reduced its stake in Sealed Air Corporation by 0.2%, currently holding approximately 12.46% of the company, valued at $528.9 million.
• Sealed Air's stock is rated as a "Moderate Buy" by analysts, with a recent consensus price target of $38.80, and several analysts have upgraded their ratings.
• The company has announced a quarterly dividend of $0.20 per share, representing a dividend yield of 2.5%, with the payout date scheduled for September 26th.

Vanguard Group Inc. lowered its position in shares of Sealed Air Corporation (NYSE:SEE - Free Report) by 0.2% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,300,624 shares of the industrial products company's stock after selling 29,757 shares during the period. Vanguard Group Inc. owned approximately 12.46% of Sealed Air worth $528,888,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Treasurer of the State of North Carolina increased its holdings in shares of Sealed Air by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 63,960 shares of the industrial products company's stock valued at $2,164,000 after acquiring an additional 400 shares during the last quarter. Burney Co. raised its holdings in shares of Sealed Air by 4.1% during the first quarter. Burney Co. now owns 12,316 shares of the industrial products company's stock worth $356,000 after purchasing an additional 481 shares during the period. Xponance Inc. lifted its position in shares of Sealed Air by 7.2% in the 1st quarter. Xponance Inc. now owns 8,549 shares of the industrial products company's stock worth $247,000 after buying an additional 577 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Sealed Air in the 4th quarter valued at about $27,000. Finally, Whittier Trust Co. grew its position 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 valued at $53,000 after buying an additional 797 shares during the last quarter. 94.40% of the stock is owned by institutional investors and hedge funds.

Sealed Air Price Performance

Shares of SEE stock traded up $0.12 during mid-day trading on Tuesday, hitting $31.25. 140,661 shares of the stock traded hands, compared to its average volume of 1,589,379. 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 firm has a market cap of $4.60 billion, a price-to-earnings ratio of 15.77, a price-to-earnings-growth ratio of 2.47 and a beta of 1.33. The company's 50-day simple moving average is $30.98 and its 200-day simple moving average is $30.58. 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 issued its quarterly 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. Sealed Air had a net margin of 5.46% and a return on equity of 60.61%. The firm had revenue of $1.34 billion for the quarter, compared to analysts' expectations of $1.32 billion. During the same period in the previous year, the business earned $0.83 earnings per share. Sealed Air's revenue for the quarter was down .7% compared to the same quarter last year. As a group, equities research analysts expect that Sealed Air Corporation will post 3.05 earnings per share 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. The ex-dividend date of this dividend is Friday, September 12th. This represents a $0.80 annualized dividend and a dividend yield of 2.6%. Sealed Air's dividend payout ratio (DPR) is currently 40.40%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on SEE shares. Wells Fargo & Company upped their target price on Sealed Air from $39.00 to $43.00 and gave the company an "overweight" rating in a report on Friday, July 18th. Mizuho increased 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. Citigroup boosted their price target on shares of Sealed Air from $33.00 to $37.00 and gave the company a "buy" rating in a report on Friday, July 11th. UBS Group increased their price objective on shares of Sealed Air from $39.00 to $40.00 and gave the stock a "buy" rating in a report on Wednesday, July 9th. Finally, Raymond James Financial reissued a "strong-buy" rating on shares of Sealed Air in a research note on Tuesday, July 15th. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Sealed Air presently has a consensus rating of "Moderate Buy" and an average price target of $38.80.

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.