Kwmg LLC Purchases 6,527 Shares of Sealed Air Co. (NYSE:SEE)

Kwmg LLC boosted its position in shares of Sealed Air Co. (NYSE:SEE) by 5.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 136,537 shares of the industrial products company’s stock after buying an additional 6,527 shares during the period. Kwmg LLC owned approximately 0.09% of Sealed Air worth $4,619,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Empowered Funds LLC bought a new stake in shares of Sealed Air in the 3rd quarter valued at approximately $1,497,000. Maple Rock Capital Partners Inc. lifted its position in Sealed Air by 56.6% in the third quarter. Maple Rock Capital Partners Inc. now owns 1,517,493 shares of the industrial products company’s stock worth $55,085,000 after buying an additional 548,493 shares during the last quarter. Deprince Race & Zollo Inc. lifted its position in Sealed Air by 1.4% in the second quarter. Deprince Race & Zollo Inc. now owns 1,856,020 shares of the industrial products company’s stock worth $64,571,000 after buying an additional 24,940 shares during the last quarter. Commerce Bank boosted its stake in Sealed Air by 67.6% during the third quarter. Commerce Bank now owns 36,601 shares of the industrial products company’s stock worth $1,329,000 after buying an additional 14,766 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in shares of Sealed Air by 501.0% in the third quarter. JPMorgan Chase & Co. now owns 794,861 shares of the industrial products company’s stock valued at $28,853,000 after acquiring an additional 662,606 shares during the period. Hedge funds and other institutional investors own 94.40% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Royal Bank of Canada cut their price target on shares of Sealed Air from $40.00 to $39.00 and set a “sector perform” rating on the stock in a report on Thursday, October 17th. StockNews.com raised Sealed Air from a “hold” rating to a “buy” rating in a research note on Tuesday, December 10th. Truist Financial upped their price objective on Sealed Air from $41.00 to $44.00 and gave the company a “buy” rating in a research report on Monday, January 6th. Morgan Stanley decreased their price target on shares of Sealed Air from $39.00 to $38.00 and set an “equal weight” rating for the company in a research note on Monday. Finally, Bank of America decreased their target price on Sealed Air from $42.00 to $39.00 and set a “buy” rating for the company in a research report on Monday, January 6th. Seven investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $40.00.

Sealed Air Stock Up 1.7 %

Sealed Air stock traded up $0.57 during midday trading on Monday, reaching $33.62. The company’s stock had a trading volume of 884,551 shares, compared to its average volume of 1,036,524. Sealed Air Co. has a 52-week low of $30.87 and a 52-week high of $41.14. The stock has a market capitalization of $4.90 billion, a P/E ratio of 12.36, a PEG ratio of 4.97 and a beta of 1.34. The company has a debt-to-equity ratio of 5.62, a current ratio of 1.29 and a quick ratio of 0.79. The stock’s 50-day simple moving average is $35.28 and its 200-day simple moving average is $35.19.

Sealed Air (NYSE:SEE) last released its earnings results on Thursday, November 7th. The industrial products company reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.12. The company had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.34 billion. Sealed Air had a net margin of 7.34% and a return on equity of 74.21%. Sealed Air’s revenue was down 2.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.77 EPS. On average, sell-side analysts expect that Sealed Air Co. will post 3.06 EPS for the current year.

Sealed Air Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were given a dividend of $0.20 per share. The ex-dividend date was Friday, December 6th. This represents a $0.80 dividend on an annualized basis and a yield of 2.38%. Sealed Air’s dividend payout ratio is currently 29.41%.

About Sealed Air

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.