Cwm LLC Has $197,000 Stake in Sealed Air Co. (NYSE:SEE)

Cwm LLC grew its holdings in Sealed Air Co. (NYSE:SEE) by 27.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 5,402 shares of the industrial products company’s stock after purchasing an additional 1,168 shares during the quarter. Cwm LLC’s holdings in Sealed Air were worth $197,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Treasurer of the State of North Carolina lifted its position in Sealed Air by 0.5% during the 3rd quarter. Treasurer of the State of North Carolina now owns 63,143 shares of the industrial products company’s stock worth $2,075,000 after buying an additional 320 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in shares of Sealed Air by 4.6% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 7,824 shares of the industrial products company’s stock worth $286,000 after purchasing an additional 342 shares in the last quarter. Yousif Capital Management LLC grew its stake in shares of Sealed Air by 1.5% during the third quarter. Yousif Capital Management LLC now owns 24,127 shares of the industrial products company’s stock valued at $793,000 after purchasing an additional 348 shares during the last quarter. Column Capital Advisors LLC grew its stake in shares of Sealed Air by 57.9% during the third quarter. Column Capital Advisors LLC now owns 1,050 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 385 shares during the last quarter. Finally, Sequoia Financial Advisors LLC increased its holdings in shares of Sealed Air by 3.6% in the third quarter. Sequoia Financial Advisors LLC now owns 11,273 shares of the industrial products company’s stock valued at $370,000 after purchasing an additional 389 shares in the last quarter. Institutional investors and hedge funds own 94.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on SEE. Truist Financial upgraded Sealed Air from a “hold” rating to a “buy” rating and increased their price objective for the company from $39.00 to $44.00 in a research report on Monday, April 8th. Wells Fargo & Company upgraded Sealed Air from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $35.00 to $43.00 in a report on Thursday, January 11th. Wolfe Research initiated coverage on shares of Sealed Air in a research report on Friday, March 1st. They set a “peer perform” rating on the stock. Finally, Mizuho lowered their price target on shares of Sealed Air from $39.00 to $36.00 and set a “neutral” rating for the company in a research report on Friday. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $43.91.

Sealed Air Trading Up 0.7 %

SEE opened at $35.17 on Friday. The firm’s fifty day moving average is $34.34 and its two-hundred day moving average is $34.37. The firm has a market cap of $5.12 billion, a PE ratio of 14.12, a price-to-earnings-growth ratio of 3.83 and a beta of 1.31. Sealed Air Co. has a twelve month low of $28.50 and a twelve month high of $47.12. The company has a debt-to-equity ratio of 7.49, a quick ratio of 0.79 and a current ratio of 1.33.

Sealed Air (NYSE:SEE) last issued its quarterly earnings data on Thursday, May 2nd. The industrial products company reported $0.78 EPS for the quarter, topping the consensus estimate of $0.53 by $0.25. Sealed Air had a return on equity of 94.93% and a net margin of 6.61%. The business had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter last year, the business posted $0.74 EPS. The firm’s revenue was down 1.4% compared to the same quarter last year. Equities research analysts anticipate that Sealed Air Co. will post 2.8 EPS for the current year.

Sealed Air Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 8th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $0.80 annualized dividend and a yield of 2.27%. Sealed Air’s dividend payout ratio (DPR) is currently 32.13%.

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.