44 Wealth Management LLC Decreases Holdings in Sealed Air Co. (NYSE:SEE)

44 Wealth Management LLC lowered its position in Sealed Air Co. (NYSE:SEE) by 15.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 23,668 shares of the industrial products company’s stock after selling 4,389 shares during the quarter. 44 Wealth Management LLC’s holdings in Sealed Air were worth $801,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Manchester Capital Management LLC increased its holdings in Sealed Air by 139.4% in the 4th quarter. Manchester Capital Management LLC now owns 1,202 shares of the industrial products company’s stock worth $41,000 after acquiring an additional 700 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Sealed Air in the 4th quarter worth about $45,000. GAMMA Investing LLC increased its holdings in Sealed Air by 218.0% in the 4th quarter. GAMMA Investing LLC now owns 1,323 shares of the industrial products company’s stock worth $45,000 after acquiring an additional 907 shares during the last quarter. Acuitas Investments LLC increased its holdings in Sealed Air by 64.3% in the 4th quarter. Acuitas Investments LLC now owns 2,300 shares of the industrial products company’s stock worth $78,000 after acquiring an additional 900 shares during the last quarter. Finally, Quarry LP increased its holdings in Sealed Air by 9.2% in the 3rd quarter. Quarry LP now owns 3,701 shares of the industrial products company’s stock worth $134,000 after acquiring an additional 311 shares during the last quarter. Hedge funds and other institutional investors own 94.40% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on SEE shares. Citigroup decreased their price objective on Sealed Air from $44.00 to $42.00 and set a “buy” rating for the company in a report on Monday, January 6th. Morgan Stanley cut their target price on Sealed Air from $39.00 to $38.00 and set an “equal weight” rating for the company in a research note on Monday, January 13th. Wells Fargo & Company cut their target price on Sealed Air from $44.00 to $42.00 and set an “overweight” rating for the company in a research note on Monday, January 6th. StockNews.com upgraded Sealed Air from a “hold” rating to a “buy” rating in a research note on Wednesday. Finally, UBS Group cut their target price on Sealed Air from $39.00 to $37.00 and set a “neutral” rating for the company in a research note on Friday, January 10th. Seven analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Sealed Air has a consensus rating of “Moderate Buy” and an average price target of $40.00.

Sealed Air Stock Performance

Shares of SEE opened at $32.32 on Friday. The company has a market cap of $4.71 billion, a PE ratio of 11.88 and a beta of 1.34. The company has a current ratio of 1.29, a quick ratio of 0.79 and a debt-to-equity ratio of 5.62. The stock has a 50-day moving average price of $34.25 and a 200-day moving average price of $34.92. Sealed Air Co. has a 12-month low of $30.87 and a 12-month high of $41.14.

Sealed Air Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be given a $0.20 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.80 dividend on an annualized basis and a yield of 2.48%. Sealed Air’s payout ratio is 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.