Cwm LLC Buys 2,675 Shares of Sealed Air Co. (NYSE:SEE)

Cwm LLC lifted its stake in shares of Sealed Air Co. (NYSE:SEE) by 81.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,961 shares of the industrial products company’s stock after purchasing an additional 2,675 shares during the period. Cwm LLC’s holdings in Sealed Air were worth $216,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Millennium Management LLC raised its stake in Sealed Air by 38.2% in the 2nd quarter. Millennium Management LLC now owns 4,114,281 shares of the industrial products company’s stock valued at $143,136,000 after acquiring an additional 1,136,985 shares during the period. Appian Way Asset Management LP bought a new stake in Sealed Air in the 1st quarter valued at $29,877,000. Vanguard Group Inc. raised its stake in Sealed Air by 3.7% in the 1st 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 during the period. Dimensional Fund Advisors LP raised its stake in 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. Finally, Edmond DE Rothschild Holding S.A. bought a new stake in Sealed Air in the 1st quarter valued at $16,740,000. Institutional investors own 94.40% of the company’s stock.

Sealed Air Stock Performance

Shares of Sealed Air stock opened at $36.07 on Wednesday. The business’s fifty day simple moving average is $34.72 and its 200 day simple moving average is $35.34. The firm has a market capitalization of $5.25 billion, a P/E ratio of 14.54, a price-to-earnings-growth ratio of 9.39 and a beta of 1.34. Sealed Air Co. has a 12 month low of $28.50 and a 12 month high of $41.14. The company has a current ratio of 1.30, a quick ratio of 0.79 and a debt-to-equity ratio of 6.81.

Sealed Air (NYSE:SEE) last issued its quarterly earnings results on Thursday, August 8th. The industrial products company reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.19. The business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.31 billion. Sealed Air had a return on equity of 85.65% and a net margin of 6.64%. Sealed Air’s quarterly revenue was down 2.6% compared to the same quarter last year. During the same period last year, the company posted $0.80 earnings per share. As a group, analysts anticipate that Sealed Air Co. will post 2.93 EPS for the current year.

Sealed Air Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.22%. The ex-dividend date of this dividend is Friday, December 6th. Sealed Air’s payout ratio is 32.26%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on SEE. Stifel Nicolaus started coverage on Sealed Air in a research note on Tuesday, July 9th. They issued a “buy” rating and a $47.00 price target on the stock. Morgan Stanley started coverage on Sealed Air in a report on Wednesday, September 4th. They issued an “equal weight” rating and a $39.00 price objective on the stock. Wells Fargo & Company upped their price objective on Sealed Air from $43.00 to $44.00 and gave the company an “overweight” rating in a report on Friday, August 9th. StockNews.com raised Sealed Air from a “hold” rating to a “buy” rating in a report on Friday, August 9th. Finally, JPMorgan Chase & Co. decreased their price objective on Sealed Air from $35.00 to $33.00 and set a “neutral” rating on the stock in a report on Thursday, August 15th. Seven analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Sealed Air presently has an average rating of “Moderate Buy” and an average target price of $41.00.

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.