Wellington Management Group LLP Boosts Holdings in Sealed Air Co. (NYSE:SEE)

Wellington Management Group LLP lifted its stake in Sealed Air Co. (NYSE:SEE - Free Report) by 168.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 466,785 shares of the industrial products company's stock after purchasing an additional 292,826 shares during the quarter. Wellington Management Group LLP owned 0.32% of Sealed Air worth $15,791,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Brighton Jones LLC bought a new position in shares of Sealed Air in the 4th quarter valued at approximately $737,000. KBC Group NV raised its position in Sealed Air by 46.6% in the 4th quarter. KBC Group NV now owns 6,737 shares of the industrial products company's stock valued at $228,000 after purchasing an additional 2,142 shares during the last quarter. Avantra Family Wealth Inc. bought a new position in Sealed Air in the 4th quarter valued at $456,000. Western Pacific Wealth Management LP raised its position in shares of Sealed Air by 51.5% during the fourth quarter. Western Pacific Wealth Management LP now owns 9,220 shares of the industrial products company's stock worth $312,000 after acquiring an additional 3,135 shares during the last quarter. Finally, Guidance Capital Inc. bought a new stake in Sealed Air in the fourth quarter valued at about $468,000. Institutional investors and hedge funds own 94.40% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Wells Fargo & Company increased their price target on Sealed Air from $42.00 to $43.00 and gave the stock an "overweight" rating in a report on Wednesday, February 26th. Mizuho lowered their price objective on Sealed Air from $39.00 to $32.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 15th. UBS Group raised Sealed Air from a "neutral" rating to a "buy" rating and set a $38.00 price target for the company in a report on Monday, April 7th. Jefferies Financial Group set a $36.00 price objective on Sealed Air in a research report on Tuesday, March 4th. Finally, Wall Street Zen upgraded Sealed Air from a "hold" rating to a "buy" rating in a research report on Wednesday, February 19th. Four analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $38.00.

Sealed Air Stock Performance

SEE stock traded down $0.24 during trading on Thursday, reaching $31.82. The stock had a trading volume of 776,575 shares, compared to its average volume of 1,548,775. The company has a current ratio of 1.29, a quick ratio of 0.79 and a debt-to-equity ratio of 5.62. The stock's 50 day moving average is $29.00 and its two-hundred day moving average is $32.08. The firm has a market cap of $4.68 billion, a PE ratio of 11.70 and a beta of 1.35. Sealed Air Co. has a 52 week low of $22.78 and a 52 week high of $41.14.

Sealed Air (NYSE:SEE - Get Free Report) last issued its earnings results on Tuesday, May 6th. The industrial products company reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.14. The company had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.27 billion. Sealed Air had a return on equity of 74.21% and a net margin of 7.34%. The firm's quarterly revenue was down 4.4% on a year-over-year basis. During the same quarter last year, the company earned $0.78 EPS. As a group, equities analysts anticipate that Sealed Air Co. will post 3.05 earnings per share for the current year.

Sealed Air Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 13th will be paid a dividend of $0.20 per share. The ex-dividend date is Friday, June 13th. This represents a $0.80 annualized dividend and a dividend yield of 2.51%. Sealed Air's dividend payout ratio is currently 39.60%.

Insider Activity

In other Sealed Air news, Director Henry R. Keizer acquired 1,120 shares of the company's stock in a transaction dated Tuesday, March 11th. The shares were acquired at an average cost of $30.00 per share, with a total value of $33,600.00. Following the acquisition, the director now directly owns 35,000 shares of the company's stock, valued at approximately $1,050,000. The trade was a 3.31% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.41% of the company's stock.

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.