Sealed Air Corp (NYSE:SEE) Shares Bought by CWM Advisors LLC

CWM Advisors LLC boosted its holdings in Sealed Air Corp (NYSE:SEE) by 16.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,126 shares of the industrial products company’s stock after acquiring an additional 1,134 shares during the quarter. CWM Advisors LLC’s holdings in Sealed Air were worth $283,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. MML Investors Services LLC grew its stake in Sealed Air by 3.9% during the 4th quarter. MML Investors Services LLC now owns 8,921 shares of the industrial products company’s stock valued at $311,000 after acquiring an additional 333 shares in the last quarter. First Hawaiian Bank lifted its stake in Sealed Air by 2.7% during the fourth quarter. First Hawaiian Bank now owns 12,788 shares of the industrial products company’s stock valued at $446,000 after buying an additional 335 shares in the last quarter. Stifel Financial Corp lifted its stake in Sealed Air by 5.8% during the fourth quarter. Stifel Financial Corp now owns 6,114 shares of the industrial products company’s stock valued at $214,000 after buying an additional 335 shares in the last quarter. Flinton Capital Management LLC lifted its stake in Sealed Air by 2.2% during the fourth quarter. Flinton Capital Management LLC now owns 15,736 shares of the industrial products company’s stock valued at $548,000 after buying an additional 336 shares in the last quarter. Finally, Neuburgh Advisers LLC lifted its stake in Sealed Air by 2.2% during the fourth quarter. Neuburgh Advisers LLC now owns 19,108 shares of the industrial products company’s stock valued at $666,000 after buying an additional 408 shares in the last quarter. 99.58% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms have commented on SEE. Zacks Investment Research raised shares of Sealed Air from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a research note on Monday, January 7th. TheStreet raised shares of Sealed Air from a “d+” rating to a “c+” rating in a research note on Thursday, February 7th. KeyCorp reaffirmed a “hold” rating on shares of Sealed Air in a research note on Thursday, February 7th. Vertical Research lowered shares of Sealed Air from a “buy” rating to a “hold” rating in a research note on Friday, February 8th. Finally, Robert W. Baird increased their price target on shares of Sealed Air from $41.00 to $50.00 and gave the stock an “outperform” rating in a research report on Friday, February 8th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $44.00.

In related news, Director Harry A. Lawton III bought 1,000 shares of the company’s stock in a transaction dated Tuesday, February 19th. The shares were bought at an average price of $42.33 per share, for a total transaction of $42,330.00. Following the completion of the acquisition, the director now directly owns 2,225 shares of the company’s stock, valued at $94,184.25. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.63% of the stock is owned by company insiders.

SEE stock traded up $0.09 during midday trading on Friday, reaching $45.71. The stock had a trading volume of 1,277,882 shares, compared to its average volume of 1,253,776. The firm has a market cap of $7.12 billion, a price-to-earnings ratio of 18.28, a PEG ratio of 1.88 and a beta of 1.14. Sealed Air Corp has a twelve month low of $30.22 and a twelve month high of $47.13.

Sealed Air (NYSE:SEE) last announced its quarterly earnings data on Thursday, February 7th. The industrial products company reported $0.75 EPS for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.08. Sealed Air had a negative return on equity of 104.71% and a net margin of 4.08%. The firm had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.24 billion. During the same period last year, the company earned $0.58 earnings per share. The company’s revenue was up 2.6% on a year-over-year basis. On average, analysts expect that Sealed Air Corp will post 2.73 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 8th were issued a $0.16 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.40%. Sealed Air’s dividend payout ratio is presently 25.60%.

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Sealed Air Profile

Sealed Air Corporation provides food safety and security, and product protection solutions worldwide. It operates in two segments, Food Care and Product Care. The Food Care segment offers integrated packaging materials and equipment solutions to provide food safety, shelf life extension, and total cost optimization for perishable food processors in the fresh red meat, smoked and processed meats, poultry, and dairy markets under the Cryovac, Cryovac Grip & Tear, Cryovac Darfresh, Cryovac Mirabella, Simple Steps, and Optidure brands.

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Institutional Ownership by Quarter for Sealed Air (NYSE:SEE)

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