Universal Beteiligungs und Servicegesellschaft mbH Purchases Shares of 36,565 Sealed Air Corporation (NYSE:SEE)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH has acquired a new stake in Sealed Air Corporation, purchasing 36,565 shares valued at approximately $1,057,000 in the first quarter of 2023.
• Multiple institutional investors, including JPMorgan Chase & Co. and American Century Companies Inc., have also increased their stakes in Sealed Air, demonstrating strong investor interest in the company's stock.
• The company recently declared a quarterly dividend of $0.20 per share, yielding 2.8%, with a payout ratio of 39.60%, reflecting its commitment to returning value to shareholders.

Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Sealed Air Corporation (NYSE:SEE - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 36,565 shares of the industrial products company's stock, valued at approximately $1,057,000.

Several other institutional investors have also modified their holdings of SEE. Brighton Jones LLC purchased a new stake in Sealed Air in the 4th quarter worth about $737,000. American Century Companies Inc. lifted its stake in Sealed Air by 13.8% in the 4th quarter. American Century Companies Inc. now owns 150,019 shares of the industrial products company's stock worth $5,075,000 after acquiring an additional 18,221 shares in the last quarter. JPMorgan Chase & Co. increased its position in Sealed Air by 90.0% in the 4th quarter. JPMorgan Chase & Co. now owns 1,510,529 shares of the industrial products company's stock worth $51,101,000 after purchasing an additional 715,668 shares during the last quarter. Norges Bank acquired a new position in Sealed Air in the 4th quarter worth about $50,562,000. Finally, Pictet Asset Management Holding SA increased its position in Sealed Air by 3.1% in the 4th quarter. Pictet Asset Management Holding SA now owns 30,708 shares of the industrial products company's stock worth $1,039,000 after purchasing an additional 933 shares during the last quarter. Institutional investors and hedge funds own 94.40% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on SEE. Truist Financial increased their price objective on Sealed Air from $33.00 to $40.00 and gave the company a "buy" rating in a report on Friday, July 11th. Raymond James Financial reiterated a "strong-buy" rating on shares of Sealed Air in a research report on Tuesday, July 15th. UBS Group raised their price objective on Sealed Air from $39.00 to $40.00 and gave the stock a "buy" rating in a research report on Wednesday, July 9th. Wells Fargo & Company raised their price objective on Sealed Air from $39.00 to $43.00 and gave the stock an "overweight" rating in a research report on Friday, July 18th. Finally, Citigroup raised their price target on Sealed Air from $33.00 to $37.00 and gave the company a "buy" rating in a report on Friday, July 11th. Four research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Sealed Air currently has an average rating of "Moderate Buy" and a consensus target price of $38.27.

Sealed Air Stock Down 2.0%

Shares of Sealed Air stock traded down $0.59 during trading on Wednesday, reaching $29.37. The stock had a trading volume of 863,422 shares, compared to its average volume of 1,571,891. The company has a market capitalization of $4.32 billion, a price-to-earnings ratio of 14.49, a P/E/G ratio of 2.65 and a beta of 1.33. The stock has a fifty day moving average price of $31.38 and a two-hundred day moving average price of $30.94. Sealed Air Corporation has a 52 week low of $22.78 and a 52 week high of $38.85. The company has a current ratio of 1.26, a quick ratio of 0.76 and a debt-to-equity ratio of 5.26.

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, beating analysts' consensus estimates of $0.72 by $0.17. The company had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.32 billion. Sealed Air had a return on equity of 65.49% and a net margin of 5.55%. The company's quarterly revenue was down .7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.83 earnings per share. Sell-side analysts predict that Sealed Air Corporation will post 3.05 EPS for the current fiscal year.

Sealed Air Dividend Announcement

The firm 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 $0.20 dividend. The ex-dividend date is Friday, September 12th. This represents a $0.80 annualized dividend and a yield of 2.7%. Sealed Air's dividend payout ratio is currently 39.60%.

Sealed Air 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.