Sealed Air Corporation $SEE Stock Holdings Decreased by Sound Income Strategies LLC

Key Points

• Sound Income Strategies LLC cut its stake in Sealed Air (NYSE:SEE) by 98.2% in Q4, selling 121,176 shares and leaving 2,269 shares worth about $95,000.
• Sealed Air recently beat quarterly expectations with $0.77 EPS vs. $0.72 expected and $1.40B revenue (up 2% YoY); the stock has a market cap of $6.21B and a P/E of 12.29.
• The company pays a quarterly dividend of $0.20 (annualized $0.80, 1.9% yield; 23.32% payout ratio), and analysts have an average rating of "Moderate Buy" with a $44.09 target.

Sound Income Strategies LLC lowered its stake in Sealed Air Corporation (NYSE:SEE - Free Report) by 98.2% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 2,269 shares of the industrial products company's stock after selling 121,176 shares during the period. Sound Income Strategies LLC's holdings in Sealed Air were worth $95,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Johnson Financial Group Inc. bought a new stake in shares of Sealed Air in the 3rd quarter worth about $27,000. Northwestern Mutual Wealth Management Co. increased its position in shares of Sealed Air by 383.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 837 shares of the industrial products company's stock worth $26,000 after purchasing an additional 664 shares during the last quarter. Salomon & Ludwin LLC bought a new stake in shares of Sealed Air in the 3rd quarter worth about $45,000. Anchor Investment Management LLC bought a new stake in shares of Sealed Air in the 3rd quarter worth about $49,000. Finally, Advisory Services Network LLC bought a new stake in shares of Sealed Air in the 3rd quarter worth about $55,000. Institutional investors own 94.40% of the company's stock.

Sealed Air Stock Performance

NYSE SEE opened at $42.15 on Friday. Sealed Air Corporation has a one year low of $23.44 and a one year high of $44.27. The company has a 50-day simple moving average of $41.95 and a 200-day simple moving average of $40.15. The company has a debt-to-equity ratio of 2.65, a quick ratio of 0.56 and a current ratio of 0.91. The firm has a market capitalization of $6.21 billion, a PE ratio of 12.29 and a beta of 1.29.

Sealed Air (NYSE:SEE - Get Free Report) last posted its quarterly earnings results on Monday, March 2nd. The industrial products company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.72 by $0.05. Sealed Air had a net margin of 9.43% and a return on equity of 47.21%. The business had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same period in the previous year, the business posted $0.75 EPS. The company's quarterly revenue was up 2.0% on a year-over-year basis. On average, equities analysts forecast that Sealed Air Corporation will post 3.05 earnings per share for the current year.

Sealed Air Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Friday, March 13th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend was Friday, March 13th. Sealed Air's payout ratio is presently 23.32%.

Analyst Ratings Changes

SEE has been the subject of several research analyst reports. Raymond James Financial downgraded shares of Sealed Air from an "outperform" rating to a "market perform" rating in a research report on Monday, December 22nd. Truist Financial lifted their price target on shares of Sealed Air from $45.00 to $49.00 and gave the company a "buy" rating in a report on Tuesday, January 6th. Robert W. Baird reaffirmed a "neutral" rating and issued a $42.00 price target (down from $45.00) on shares of Sealed Air in a report on Thursday, December 18th. Finally, Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Sealed Air in a report on Friday, March 27th. Seven research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $44.09.

About Sealed Air

Sealed Air Corporation is a global packaging company that develops and manufactures a wide range of materials, equipment and services designed to protect, preserve and promote products. Best known for inventing Bubble Wrap® protective packaging, the company serves customers across food and beverage, e-commerce, electronics, manufacturing and healthcare industries. Sealed Air's solutions help businesses reduce product damage, extend shelf life and improve operational efficiency.

The company's product portfolio is organized into three primary segments.

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