Dai Ichi Life Insurance Company Ltd Buys 900 Shares of Sealed Air Corporation (SEE)
Dai Ichi Life Insurance Company Ltd raised its stake in shares of Sealed Air Corporation (NYSE:SEE) by 6.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,884 shares of the industrial products company’s stock after buying an additional 900 shares during the period. Dai Ichi Life Insurance Company Ltd’s holdings in Sealed Air Corporation were worth $666,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of SEE. Assetmark Inc. raised its holdings in Sealed Air Corporation by 1.0% during the first quarter. Assetmark Inc. now owns 2,444 shares of the industrial products company’s stock valued at $107,000 after buying an additional 25 shares in the last quarter. TrimTabs Asset Management LLC bought a new position in Sealed Air Corporation during the first quarter valued at about $109,000. Fiduciary Trust Co. bought a new position in Sealed Air Corporation during the second quarter valued at about $124,000. Global X Management Co. LLC raised its holdings in Sealed Air Corporation by 30.4% during the first quarter. Global X Management Co. LLC now owns 2,950 shares of the industrial products company’s stock valued at $129,000 after buying an additional 687 shares in the last quarter. Finally, Pacer Advisors Inc. raised its holdings in Sealed Air Corporation by 3.0% during the first quarter. Pacer Advisors Inc. now owns 3,979 shares of the industrial products company’s stock valued at $173,000 after buying an additional 116 shares in the last quarter. Institutional investors own 92.16% of the company’s stock.
Shares of Sealed Air Corporation (SEE) opened at 43.45 on Friday. The stock has a 50 day moving average price of $44.21 and a 200 day moving average price of $44.50. The firm has a market capitalization of $8.26 billion, a P/E ratio of 22.45 and a beta of 1.19. Sealed Air Corporation has a 12 month low of $41.74 and a 12 month high of $50.62.
Sealed Air Corporation (NYSE:SEE) last issued its earnings results on Tuesday, August 8th. The industrial products company reported $0.35 earnings per share (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 the consensus estimate of $1.06 billion. Sealed Air Corporation had a net margin of 6.81% and a return on equity of 84.32%. The firm’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.65 earnings per share. On average, analysts expect that Sealed Air Corporation will post $1.83 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, September 1st were issued a $0.16 dividend. The ex-dividend date of this dividend was Wednesday, August 30th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.47%. Sealed Air Corporation’s payout ratio is 33.16%.
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Several equities analysts have weighed in on SEE shares. BMO Capital Markets restated a “hold” rating and set a $45.00 target price on shares of Sealed Air Corporation in a report on Friday, June 9th. Royal Bank Of Canada restated a “hold” rating and set a $44.00 target price on shares of Sealed Air Corporation in a report on Tuesday, June 13th. Robert W. Baird restated an “outperform” rating and set a $55.00 target price on shares of Sealed Air Corporation in a report on Tuesday, June 13th. BidaskClub upgraded Sealed Air Corporation from a “hold” rating to a “buy” rating in a report on Friday, June 16th. Finally, Zacks Investment Research upgraded Sealed Air Corporation from a “strong sell” rating to a “hold” rating and set a $52.00 target price on the stock in a report on Wednesday, July 12th. 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. The company presently has a consensus rating of “Hold” and a consensus price target of $48.18.
Sealed Air Corporation Profile
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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