Sealed Air Co. (NYSE:SEE) Shares Purchased by Mount Yale Investment Advisors LLC

Mount Yale Investment Advisors LLC boosted its holdings in shares of Sealed Air Co. (NYSE:SEE) by 1.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,643 shares of the industrial products company’s stock after buying an additional 467 shares during the period. Mount Yale Investment Advisors LLC’s holdings in Sealed Air were worth $1,275,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in shares of Sealed Air by 3.7% during the first quarter. Vanguard Group Inc. now owns 16,703,769 shares of the industrial products company’s stock valued at $621,380,000 after acquiring an additional 600,146 shares in the last quarter. Hsbc Holdings PLC raised its holdings in shares of Sealed Air by 2,549.6% in the fourth quarter. Hsbc Holdings PLC now owns 5,340,247 shares of the industrial products company’s stock worth $195,720,000 after buying an additional 5,138,700 shares during the last quarter. Earnest Partners LLC lifted its stake in shares of Sealed Air by 7.3% during the first quarter. Earnest Partners LLC now owns 2,500,378 shares of the industrial products company’s stock worth $93,014,000 after buying an additional 170,846 shares during the period. Balyasny Asset Management L.P. purchased a new stake in shares of Sealed Air during the fourth quarter valued at $86,410,000. Finally, Dimensional Fund Advisors LP increased its position in shares of Sealed Air by 33.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,910,647 shares of the industrial products company’s stock valued at $66,475,000 after acquiring an additional 479,675 shares during the period. 94.40% of the stock is currently owned by hedge funds and other institutional investors.

Sealed Air Price Performance

Sealed Air stock opened at $35.09 on Monday. The company has a fifty day simple moving average of $34.86 and a 200-day simple moving average of $35.40. The firm has a market capitalization of $5.11 billion, a price-to-earnings ratio of 14.09, a PEG ratio of 8.59 and a beta of 1.34. The company has a quick ratio of 0.79, a current ratio of 1.30 and a debt-to-equity ratio of 6.81. Sealed Air Co. has a 52-week low of $28.50 and a 52-week high of $41.14.

Sealed Air (NYSE:SEE) last released its quarterly earnings data on Thursday, August 8th. The industrial products company reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.19. The company had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.31 billion. Sealed Air had a net margin of 6.64% and a return on equity of 85.65%. Sealed Air’s quarterly revenue was down 2.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.80 EPS. On average, equities analysts anticipate that Sealed Air Co. will post 2.93 EPS for the current fiscal year.

Sealed Air Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.28%. The ex-dividend date is Friday, September 13th. Sealed Air’s payout ratio is currently 32.13%.

Wall Street Analyst Weigh In

SEE has been the topic of a number of recent research reports. StockNews.com upgraded Sealed Air from a “hold” rating to a “buy” rating in a research report on Friday, August 9th. Wells Fargo & Company increased their price target on Sealed Air from $43.00 to $44.00 and gave the stock an “overweight” rating in a research report on Friday, August 9th. Stifel Nicolaus began coverage on Sealed Air in a report on Tuesday, July 9th. They issued a “buy” rating and a $47.00 price objective for the company. UBS Group dropped their target price on Sealed Air from $39.00 to $38.00 and set a “neutral” rating on the stock in a report on Wednesday, July 17th. Finally, Truist Financial reissued a “buy” rating and issued a $44.00 price target on shares of Sealed Air in a report on Monday, June 17th. Eight investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, Sealed Air has an average rating of “Hold” and an average price target of $41.30.

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.