Tweedy Browne Co LLC Reduces Stock Holdings in Sealed Air Co. (NYSE:SEE)

Tweedy Browne Co LLC cut its position in Sealed Air Co. (NYSE:SEE) by 0.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 904,455 shares of the industrial products company’s stock after selling 1,065 shares during the quarter. Sealed Air comprises about 1.6% of Tweedy Browne Co LLC’s holdings, making the stock its 13th largest position. Tweedy Browne Co LLC owned about 0.62% of Sealed Air worth $33,646,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Glenmede Trust Co. NA bought a new position in Sealed Air during the third quarter worth about $273,000. Deutsche Bank AG grew its position in shares of Sealed Air by 23.1% in the third quarter. Deutsche Bank AG now owns 566,020 shares of the industrial products company’s stock valued at $18,599,000 after purchasing an additional 106,144 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Sealed Air by 0.5% during the 3rd quarter. Vanguard Group Inc. now owns 16,853,598 shares of the industrial products company’s stock valued at $553,809,000 after purchasing an additional 92,114 shares during the period. CoreFirst Bank & Trust purchased a new stake in Sealed Air during the 3rd quarter worth about $42,000. Finally, Massmutual Trust Co. FSB ADV grew its holdings in Sealed Air by 81.9% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 997 shares of the industrial products company’s stock valued at $36,000 after buying an additional 449 shares in the last quarter. Hedge funds and other institutional investors own 94.40% of the company’s stock.

Sealed Air Trading Up 1.4 %

Shares of SEE traded up $0.51 during mid-day trading on Friday, reaching $35.82. The company’s stock had a trading volume of 302,498 shares, compared to its average volume of 1,519,628. The company has a current ratio of 1.33, a quick ratio of 0.80 and a debt-to-equity ratio of 7.49. Sealed Air Co. has a 52 week low of $28.50 and a 52 week high of $47.12. The company’s fifty day moving average price is $36.92 and its two-hundred day moving average price is $35.75. The stock has a market cap of $5.22 billion, a PE ratio of 14.18, a P/E/G ratio of 3.11 and a beta of 1.35.

Sealed Air (NYSE:SEE) last posted its quarterly earnings results on Thursday, May 2nd. The industrial products company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.25. The business had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.28 billion. Sealed Air had a net margin of 6.61% and a return on equity of 94.93%. The company’s revenue was down 1.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.74 earnings per share. On average, analysts predict that Sealed Air Co. will post 2.89 earnings per share for the current fiscal year.

Sealed Air Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were paid a $0.20 dividend. The ex-dividend date of this dividend was Friday, June 14th. This represents a $0.80 dividend on an annualized basis and a yield of 2.23%. Sealed Air’s dividend payout ratio (DPR) is currently 32.13%.

Wall Street Analysts Forecast Growth

SEE has been the subject of a number of analyst reports. Mizuho upgraded shares of Sealed Air from a “neutral” rating to a “buy” rating and raised their price objective for the company from $36.00 to $50.00 in a research report on Thursday, June 6th. Citigroup reduced their price target on shares of Sealed Air from $44.00 to $43.00 and set a “buy” rating for the company in a research report on Monday. William Blair reissued a “market perform” rating on shares of Sealed Air in a research note on Thursday, May 2nd. StockNews.com cut Sealed Air from a “buy” rating to a “hold” rating in a research report on Wednesday, July 3rd. Finally, Stifel Nicolaus initiated coverage on Sealed Air in a report on Tuesday. They set a “buy” rating and a $47.00 price objective for the company. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, Sealed Air currently has a consensus rating of “Moderate Buy” and a consensus price target of $45.00.

Sealed Air Company Profile

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.