American National Insurance Co. TX held its position in Sealed Air Corporation (NYSE:SEE) during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 81,285 shares of the industrial products company’s stock at the end of the second quarter. American National Insurance Co. TX’s holdings in Sealed Air Corporation were worth $3,638,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Mn Services Vermogensbeheer B.V. increased its position in shares of Sealed Air Corporation by 519.5% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 31,304 shares of the industrial products company’s stock worth $1,401,000 after buying an additional 26,251 shares during the last quarter. Chevy Chase Trust Holdings Inc. boosted its stake in Sealed Air Corporation by 0.9% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 169,591 shares of the industrial products company’s stock worth $7,591,000 after buying an additional 1,531 shares during the period. Baldwin Brothers Inc. MA boosted its stake in Sealed Air Corporation by 4.5% in the second quarter. Baldwin Brothers Inc. MA now owns 188,879 shares of the industrial products company’s stock worth $8,454,000 after buying an additional 8,105 shares during the period. State of Alaska Department of Revenue boosted its stake in Sealed Air Corporation by 7.0% in the second quarter. State of Alaska Department of Revenue now owns 4,897 shares of the industrial products company’s stock worth $219,000 after buying an additional 320 shares during the period. Finally, Creative Planning boosted its stake in Sealed Air Corporation by 58.3% in the second quarter. Creative Planning now owns 10,913 shares of the industrial products company’s stock worth $488,000 after buying an additional 4,019 shares during the period. 91.94% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Sealed Air Corporation (NYSE:SEE) traded up 0.34% during trading on Friday, hitting $44.18. 2,307,073 shares of the stock traded hands. Sealed Air Corporation has a 52 week low of $41.74 and a 52 week high of $50.62. The firm has a market cap of $8.40 billion, a P/E ratio of 22.83 and a beta of 1.16. The company has a 50-day moving average of $44.91 and a 200-day moving average of $45.19.
Sealed Air Corporation (NYSE:SEE) last released its earnings results on Tuesday, August 8th. The industrial products company reported $0.35 EPS for the quarter, missing the Zacks’ consensus estimate of $0.36 by $0.01. The firm had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.06 billion. Sealed Air Corporation had a net margin of 6.81% and a return on equity of 84.32%. The company’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.65 EPS. On average, analysts forecast that Sealed Air Corporation will post $1.81 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date of this dividend is Wednesday, August 30th. Sealed Air Corporation’s payout ratio is presently 33.16%.
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A number of equities analysts recently issued reports on SEE shares. Jefferies Group LLC reaffirmed a “hold” rating and set a $45.00 target price on shares of Sealed Air Corporation in a research report on Tuesday, April 18th. Zacks Investment Research lowered shares of Sealed Air Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, April 25th. Bank of America Corporation lowered shares of Sealed Air Corporation from a “buy” rating to a “neutral” rating and set a $43.00 price target on the stock. in a report on Tuesday, May 9th. Royal Bank Of Canada lowered shares of Sealed Air Corporation from an “outperform” rating to a “sector perform” rating and lowered their price target for the company from $52.00 to $44.00 in a report on Thursday, May 11th. They noted that the move was a valuation call. Finally, Credit Suisse Group set a $50.00 target price on shares of Sealed Air Corporation and gave the stock a “buy” rating in a report on Thursday, May 11th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company’s stock. Sealed Air Corporation currently has a consensus rating of “Hold” and an average price target of $49.27.
In other news, CAO William G. Stiehl sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, May 19th. The stock was sold at an average price of $43.43, for a total value of $130,290.00. Following the completion of the transaction, the chief accounting officer now owns 37,797 shares in the company, valued at approximately $1,641,523.71. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.86% of the company’s stock.
About Sealed Air Corporation
Sealed Air Corporation is engaged in food safety and security, facility hygiene and product protection business. The Company’s segments are Food Care, Diversey Care, Product Care and Other (includes Corporate, Medical Applications and New Ventures businesses). The Food Care segment focuses on providing a range of integrated system solutions.
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