Thrivent Financial for Lutherans Sells 39,053 Shares of Sealed Air Co. (NYSE:SEE)

Thrivent Financial for Lutherans cut its holdings in shares of Sealed Air Co. (NYSE:SEE) by 25.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 114,663 shares of the industrial products company’s stock after selling 39,053 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.08% of Sealed Air worth $4,162,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of SEE. Millennium Management LLC increased its holdings in shares of 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 worth $143,136,000 after buying an additional 1,136,985 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Sealed Air by 33.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,910,647 shares of the industrial products company’s stock worth $66,475,000 after acquiring an additional 479,675 shares in the last quarter. Deprince Race & Zollo Inc. raised its position in Sealed Air by 1.4% in the 2nd quarter. Deprince Race & Zollo Inc. now owns 1,856,020 shares of the industrial products company’s stock worth $64,571,000 after buying an additional 24,940 shares during the last quarter. Swedbank AB bought a new stake in shares of Sealed Air in the third quarter worth $53,681,000. Finally, Appian Way Asset Management LP increased its position in shares of Sealed Air by 68.1% during the 2nd quarter. Appian Way Asset Management LP now owns 1,349,857 shares of the industrial products company’s stock valued at $46,962,000 after purchasing an additional 546,701 shares during the last quarter. 94.40% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Wells Fargo & Company increased their price objective on shares of Sealed Air from $43.00 to $44.00 and gave the company an “overweight” rating in a report on Friday, August 9th. Raymond James raised Sealed Air from a “market perform” rating to a “strong-buy” rating and set a $42.00 target price on the stock in a research report on Thursday, October 17th. JPMorgan Chase & Co. cut their price target on shares of Sealed Air from $35.00 to $33.00 and set a “neutral” rating on the stock in a report on Thursday, August 15th. Jefferies Financial Group lowered shares of Sealed Air from a “buy” rating to a “hold” rating and cut their price target for the company from $47.00 to $35.00 in a research note on Friday, August 9th. Finally, Morgan Stanley initiated coverage on Sealed Air in a research note on Wednesday, September 4th. They set an “equal weight” rating and a $39.00 price objective for the company. Seven analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $41.00.

Sealed Air Trading Up 1.0 %

Shares of SEE stock opened at $35.90 on Monday. Sealed Air Co. has a fifty-two week low of $30.87 and a fifty-two week high of $41.14. The stock has a market cap of $5.23 billion, a price-to-earnings ratio of 13.20, a price-to-earnings-growth ratio of 4.91 and a beta of 1.34. The company has a quick ratio of 0.79, a current ratio of 1.29 and a debt-to-equity ratio of 5.62. The firm’s 50 day moving average price is $35.69 and its two-hundred day moving average price is $35.85.

Sealed Air (NYSE:SEE) last released its earnings results on Thursday, November 7th. The industrial products company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.67 by $0.12. The firm had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.34 billion. Sealed Air had a net margin of 7.34% and a return on equity of 74.21%. Sealed Air’s quarterly revenue was down 2.7% on a year-over-year basis. During the same quarter last year, the company earned $0.77 EPS. On average, analysts anticipate that Sealed Air Co. will post 3.07 EPS for the current year.

Sealed Air Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.23%. Sealed Air’s payout ratio is presently 29.41%.

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.