Blair William & Co. IL Invests $258,000 in Sealed Air Corp. (SEE)
Blair William & Co. IL bought a new position in Sealed Air Corp. (NYSE:SEE) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 5,613 shares of the company’s stock, valued at approximately $258,000.
Several other institutional investors have also recently modified their holdings of SEE. Checchi Capital Advisers LLC raised its position in shares of Sealed Air Corp. by 0.9% in the second quarter. Checchi Capital Advisers LLC now owns 2,335 shares of the company’s stock worth $107,000 after buying an additional 21 shares during the last quarter. Meeder Asset Management Inc. purchased a new position in shares of Sealed Air Corp. during the first quarter worth $132,000. Creative Planning raised its position in shares of Sealed Air Corp. by 8.2% in the second quarter. Creative Planning now owns 3,648 shares of the company’s stock worth $168,000 after buying an additional 275 shares during the last quarter. Conning Inc. raised its position in shares of Sealed Air Corp. by 2.0% in the second quarter. Conning Inc. now owns 4,644 shares of the company’s stock worth $213,000 after buying an additional 90 shares during the last quarter. Finally, ING Groep NV purchased a new position in shares of Sealed Air Corp. during the first quarter worth $217,000. 89.30% of the stock is currently owned by institutional investors.
Sealed Air Corp. (NYSE:SEE) traded up 0.83% on Monday, hitting $46.23. The stock had a trading volume of 1,008,278 shares. The company has a market capitalization of $9.09 billion, a price-to-earnings ratio of 26.36 and a beta of 1.23. Sealed Air Corp. has a 52 week low of $38.02 and a 52 week high of $52.83. The firm has a 50-day moving average of $47.02 and a 200 day moving average of $47.44.
Sealed Air Corp. (NYSE:SEE) last released its earnings results on Thursday, July 28th. The company reported $0.65 EPS for the quarter, beating the Zacks’ consensus estimate of $0.64 by $0.01. The company earned $1.70 billion during the quarter, compared to analysts’ expectations of $1.74 billion. Sealed Air Corp. had a return on equity of 98.51% and a net margin of 5.16%. The firm’s revenue for the quarter was down 3.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.60 EPS. On average, analysts predict that Sealed Air Corp. will post $2.59 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 16th. Stockholders of record on Friday, September 2nd were paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date was Wednesday, August 31st. Sealed Air Corp.’s payout ratio is presently 36.57%.
A number of brokerages have recently weighed in on SEE. Zacks Investment Research raised Sealed Air Corp. from a “hold” rating to a “buy” rating and set a $49.00 target price on the stock in a research report on Wednesday, June 29th. Goldman Sachs Group Inc. reaffirmed a “buy” rating and set a $59.00 target price on shares of Sealed Air Corp. in a research report on Wednesday, June 1st. BMO Capital Markets reaffirmed a “hold” rating on shares of Sealed Air Corp. in a research report on Sunday, July 17th. SunTrust Banks Inc. began coverage on Sealed Air Corp. in a research report on Tuesday, July 12th. They set a “buy” rating and a $54.00 target price on the stock. Finally, Citigroup Inc. raised Sealed Air Corp. from a “neutral” rating to a “buy” rating and upped their target price for the stock from $54.00 to $56.00 in a research report on Friday, July 15th. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Sealed Air Corp. currently has an average rating of “Buy” and a consensus price target of $53.42.
About Sealed Air Corp.
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 processors, retailers and food service operators a range of integrated system solutions.
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