TD Asset Management Inc Lowers Stock Holdings in Sealed Air Corporation $SEE

Key Points

• TD Asset Management Inc reduced its stock holdings in Sealed Air Corporation by 12.5%, owning 718,864 shares worth approximately $22.3 million as of the end of last quarter.
• Sealed Air reported earnings of $0.89 per share for the last quarter, exceeding analysts' expectations, and set FY 2025 EPS guidance between $2.900 and $3.300.
• The company declared a quarterly dividend of $0.20 per share, reflecting an annualized yield of 2.3%, payable on December 19th to shareholders of record on December 5th.

TD Asset Management Inc lessened its holdings in shares of Sealed Air Corporation (NYSE:SEE - Free Report) by 12.5% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 718,864 shares of the industrial products company's stock after selling 103,136 shares during the quarter. TD Asset Management Inc owned approximately 0.49% of Sealed Air worth $22,306,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in SEE. Strategic Investment Solutions Inc. IL acquired a new stake in Sealed Air during the 1st quarter worth approximately $26,000. North Capital Inc. acquired a new stake in shares of Sealed Air in the first quarter worth $30,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Sealed Air by 94.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,553 shares of the industrial products company's stock worth $45,000 after acquiring an additional 756 shares in the last quarter. Whittier Trust Co. raised its stake in shares of Sealed Air by 77.7% in the 1st quarter. Whittier Trust Co. now owns 1,823 shares of the industrial products company's stock valued at $53,000 after acquiring an additional 797 shares during the period. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in Sealed Air during the 1st quarter worth $58,000. Hedge funds and other institutional investors own 94.40% of the company's stock.

Sealed Air Trading Up 1.0%

NYSE:SEE opened at $34.49 on Friday. The stock has a market cap of $5.07 billion, a price-to-earnings ratio of 17.42, a price-to-earnings-growth ratio of 2.43 and a beta of 1.36. Sealed Air Corporation has a one year low of $22.78 and a one year high of $38.85. 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 business's 50-day simple moving average is $33.23 and its 200 day simple moving average is $31.14.

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

Sealed Air Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 19th. Shareholders of record on Friday, December 5th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Friday, December 5th. Sealed Air's dividend payout ratio (DPR) is currently 40.40%.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Weiss Ratings reiterated a "hold (c-)" rating on shares of Sealed Air in a report on Wednesday, October 8th. Wells Fargo & Company raised 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. Truist Financial boosted their price target on Sealed Air from $33.00 to $40.00 and gave the stock a "buy" rating in a research report on Friday, July 11th. Royal Bank Of Canada set a $48.00 price objective on shares of Sealed Air and gave the company an "outperform" rating in a research report on Wednesday, October 8th. Finally, Mizuho lifted their price objective on shares of Sealed Air from $36.00 to $41.00 and gave the company an "outperform" rating in a research note on Friday, October 3rd. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $41.09.

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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