Trading Report: Today, Sealed Air Corp. (SEE) to Issue Quarterly Dividend of $0.16 on December 16th

Today, Sealed Air Corp. (SEE) to Issue Quarterly Dividend of $0.16 on  December 16th

Sealed Air Corp. (NYSE:SEE) declared a quarterly dividend on Thursday, October 6th. Investors of record on Friday, December 2nd will be given a dividend of 0.16 per share on Friday, December 16th. This represents a $0.64 annualized dividend and a dividend yield of 1.35%. The ex-dividend date is Wednesday, November 30th.

Sealed Air Corp. (NYSE:SEE) opened at 47.43 on Friday. The firm has a market capitalization of $9.17 billion, a P/E ratio of 21.44 and a beta of 1.35. Sealed Air Corp. has a 1-year low of $38.02 and a 1-year high of $52.83. The company has a 50 day moving average of $45.37 and a 200 day moving average of $46.48.

Sealed Air Corp. (NYSE:SEE) last issued its quarterly earnings data on Thursday, October 27th. The company reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.02. Sealed Air Corp. had a return on equity of 92.87% and a net margin of 6.31%. The business had revenue of $1.70 billion for the quarter, compared to analysts’ expectations of $1.09 billion. During the same period last year, the business earned $0.70 EPS. The business’s revenue was down 1.7% on a year-over-year basis. On average, equities research analysts anticipate that Sealed Air Corp. will post $2.60 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of SEE. BlackRock Investment Management LLC raised its position in Sealed Air Corp. by 1.7% in the second quarter. BlackRock Investment Management LLC now owns 430,620 shares of the company’s stock worth $19,796,000 after buying an additional 7,274 shares during the last quarter. BlackRock Inc. raised its position in Sealed Air Corp. by 15.8% in the second quarter. BlackRock Inc. now owns 409,441 shares of the company’s stock worth $18,822,000 after buying an additional 55,790 shares during the last quarter. BlackRock Fund Advisors raised its position in Sealed Air Corp. by 2.6% in the second quarter. BlackRock Fund Advisors now owns 3,233,880 shares of the company’s stock worth $148,661,000 after buying an additional 81,490 shares during the last quarter. BlackRock Group LTD raised its position in Sealed Air Corp. by 0.3% in the second quarter. BlackRock Group LTD now owns 1,539,595 shares of the company’s stock worth $70,776,000 after buying an additional 5,169 shares during the last quarter. Finally, US Bancorp DE raised its position in shares of Sealed Air Corp. by 2.0% in the second quarter. US Bancorp DE now owns 82,371 shares of the company’s stock valued at $3,787,000 after buying an additional 1,641 shares during the last quarter. 88.43% of the stock is owned by institutional investors and hedge funds.

SEE has been the topic of several recent analyst reports. Citigroup Inc. restated a “buy” rating and set a $55.00 price objective on shares of Sealed Air Corp. in a research note on Monday, October 17th. Zacks Investment Research upgraded Sealed Air Corp. from a “hold” rating to a “buy” rating and set a $51.00 target price on the stock in a research note on Monday, October 31st. JPMorgan Chase & Co. started coverage on Sealed Air Corp. in a research note on Tuesday, September 13th. They set a “neutral” rating and a $53.00 target price on the stock. Credit Suisse Group AG reiterated an “outperform” rating and set a $59.00 target price on shares of Sealed Air Corp. in a research note on Thursday, September 8th. Finally, Robert W. Baird reiterated an “outperform” rating on shares of Sealed Air Corp. in a research note on Sunday, September 25th. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $53.50.

About Sealed Air Corp.

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