US Bancorp DE trimmed its holdings in Sealed Air Corp (NYSE:SEE) by 10.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 51,660 shares of the industrial products companys stock after selling 6,183 shares during the period. US Bancorp DEs holdings in Sealed Air were worth $2,210,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Bank of Nova Scotia boosted its stake in Sealed Air by 7.2% in the 2nd quarter. Bank of Nova Scotia now owns 128,998 shares of the industrial products companys stock worth $5,519,000 after buying an additional 8,668 shares during the last quarter. APG Asset Management N.V. boosted its stake in Sealed Air by 173.0% in the 2nd quarter. APG Asset Management N.V. now owns 829,152 shares of the industrial products companys stock worth $31,148,000 after buying an additional 525,381 shares during the last quarter. Parametric Portfolio Associates LLC boosted its stake in Sealed Air by 8.1% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 645,814 shares of the industrial products companys stock worth $27,628,000 after buying an additional 48,510 shares during the last quarter. MML Investors Services LLC boosted its stake in Sealed Air by 3.3% in the 2nd quarter. MML Investors Services LLC now owns 11,530 shares of the industrial products companys stock worth $493,000 after buying an additional 365 shares during the last quarter. Finally, Toronto Dominion Bank boosted its stake in Sealed Air by 24.7% in the 2nd quarter. Toronto Dominion Bank now owns 126,412 shares of the industrial products companys stock worth $5,406,000 after buying an additional 25,030 shares during the last quarter. 96.58% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have recently weighed in on SEE shares. KeyCorp reaffirmed a sell rating and issued a $39.00 price objective on shares of Sealed Air in a research note on Friday, August 2nd. Bank of America lowered Sealed Air from a buy rating to a neutral rating and set a $41.63 price objective on the stock. in a research note on Friday, June 21st. Wells Fargo & Co lifted their price objective on Sealed Air from $42.00 to $43.00 and gave the company a market perform rating in a research note on Tuesday, August 6th. Finally, ValuEngine lowered Sealed Air from a hold rating to a sell rating in a research note on Wednesday, September 4th. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. The company has a consensus rating of Hold and a consensus price target of $42.69.

NYSE SEE opened at $41.26 on Friday. The firm has a market capitalization of $6.38 billion, a P/E ratio of 15.02, a P/E/G ratio of 1.46 and a beta of 1.08. Sealed Air Corp has a 1-year low of $30.22 and a 1-year high of $47.13. The businesss 50-day simple moving average is $41.93 and its 200-day simple moving average is $43.59.

Sealed Air (NYSE:SEE) last released its quarterly earnings data on Friday, August 2nd. The industrial products company reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.16. The business had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.17 billion. Sealed Air had a negative return on equity of 121.14% and a net margin of 7.84%. The companys revenue was up .5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.64 EPS. On average, equities analysts expect that Sealed Air Corp will post 2.78 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Friday, September 6th were given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 1.55%. The ex-dividend date was Thursday, September 5th. Sealed Airs dividend payout ratio (DPR) is presently 25.60%.

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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Sealed Air Corp (NYSE:SEE) Shares Sold by US Bancorp DE - TechNewsObserver