Sealed Air Corporation $SEE Shares Sold by Alliancebernstein L.P.

Key Points

• Alliancebernstein L.P. has reduced its stake in Sealed Air Corporation by 3.5%, holding approximately 721,433 shares worth $20.8 million after the sale.
• Sealed Air reported $0.89 earnings per share for the last quarter, exceeding analysts' expectations of $0.72, despite a year-over-year revenue decline of 0.7%.
• The company recently announced a quarterly dividend of $0.20, leading to an annualized dividend yield of 2.4%, with a payout ratio of 40.40%.

Alliancebernstein L.P. reduced its holdings in Sealed Air Corporation (NYSE:SEE - Free Report) by 3.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 721,433 shares of the industrial products company's stock after selling 26,035 shares during the period. Alliancebernstein L.P. owned approximately 0.49% of Sealed Air worth $20,849,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of SEE. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Sealed Air in the 4th quarter valued at about $27,000. Strategic Investment Solutions Inc. IL purchased a new stake in shares of Sealed Air in the first quarter valued at approximately $26,000. North Capital Inc. acquired a new stake in shares of Sealed Air in the first quarter valued at approximately $30,000. CX Institutional acquired a new stake in shares of Sealed Air in the first quarter valued at approximately $52,000. Finally, Whittier Trust Co. lifted 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 buying an additional 797 shares in the last quarter. Hedge funds and other institutional investors own 94.40% of the company's stock.

Sealed Air Stock Performance

NYSE SEE opened at $32.82 on Thursday. The stock has a fifty day simple moving average of $31.30 and a 200-day simple moving average of $30.44. 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 stock has a market cap of $4.83 billion, a PE ratio of 16.57, a P/E/G ratio of 2.60 and a beta of 1.33. 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 data on Tuesday, August 5th. The industrial products company reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.17. The firm had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.32 billion. Sealed Air had a net margin of 5.46% and a return on equity of 60.61%. Sealed Air's revenue was down .7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.83 EPS. Sealed Air has set its FY 2025 guidance at 2.900-3.300 EPS. Equities analysts anticipate 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 issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Friday, September 12th. Sealed Air's dividend payout ratio is currently 40.40%.

Analysts Set New Price Targets

Several brokerages have issued reports on SEE. Truist Financial upped their target price on Sealed Air from $33.00 to $40.00 and gave the company a "buy" rating in a report on Friday, July 11th. 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 research report on Friday, July 11th. Wells Fargo & Company upped their price objective on shares of Sealed Air from $39.00 to $43.00 and gave the company an "overweight" rating in a report on Friday, July 18th. Wall Street Zen raised shares of Sealed Air from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. Finally, Mizuho boosted their target price on shares of Sealed Air from $34.00 to $37.00 and gave the company an "outperformer" rating in a report on Tuesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $38.55.

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.

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