Sealed Air Corp. (NYSE:SEE) declared a quarterly dividend on Thursday, October 6th. Shareholders 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 yield of 1.42%.

Sealed Air Corp. (NYSE:SEE) opened at 45.22 on Friday. The firm’s 50-day moving average price is $46.46 and its 200 day moving average price is $47.38. Sealed Air Corp. has a 52-week low of $38.02 and a 52-week high of $52.83. The firm has a market cap of $8.89 billion, a price-to-earnings ratio of 25.78 and a beta of 1.22.

Sealed Air Corp. (NYSE:SEE) last issued its earnings results on Thursday, July 28th. The company reported $0.65 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.01. Sealed Air Corp. had a return on equity of 98.51% and a net margin of 5.16%. The company earned $1.70 billion during the quarter, compared to the consensus estimate of $1.74 billion. During the same quarter in the prior year, the business earned $0.60 earnings per share. The company’s revenue was down 3.2% compared to the same quarter last year. On average, equities research analysts forecast that Sealed Air Corp. will post $2.59 EPS for the current year.

Dividend History for Sealed Air Corp. (NYSE:SEE)

SEE has been the subject of several analyst reports. Zacks Investment Research raised Sealed Air Corp. from a “hold” rating to a “buy” rating and set a $49.00 target price for the company in a research report on Wednesday, June 29th. SunTrust Banks Inc. initiated coverage on Sealed Air Corp. in a report on Tuesday, July 12th. They issued a “buy” rating and a $54.00 price target for the company. Citigroup Inc. raised Sealed Air Corp. from a “neutral” rating to a “buy” rating and increased their price target for the company from $54.00 to $56.00 in a report on Friday, July 15th. BMO Capital Markets reissued a “hold” rating and issued a $50.00 price target on shares of Sealed Air Corp. in a report on Friday, July 29th. Finally, Jefferies Group reduced their price target on Sealed Air Corp. from $52.00 to $50.00 and set a “hold” rating for the company in a report on Friday, July 29th. One analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $53.42.

Hedge funds have recently made changes to their positions in the company. National Pension Service boosted its stake in shares of Sealed Air Corp. by 7.1% in the second quarter. National Pension Service now owns 154,932 shares of the company’s stock worth $7,122,000 after buying an additional 10,318 shares during the last quarter. GAM Holding AG boosted its stake in shares of Sealed Air Corp. by 7.6% in the second quarter. GAM Holding AG now owns 27,822 shares of the company’s stock worth $1,279,000 after buying an additional 1,968 shares during the last quarter. Atlantic Trust Group LLC boosted its stake in shares of Sealed Air Corp. by 5.3% in the second quarter. Atlantic Trust Group LLC now owns 28,894 shares of the company’s stock worth $1,329,000 after buying an additional 1,457 shares during the last quarter. Employees Retirement System of Texas boosted its stake in shares of Sealed Air Corp. by 41.7% in the second quarter. Employees Retirement System of Texas now owns 17,000 shares of the company’s stock worth $781,000 after buying an additional 5,000 shares during the last quarter. Finally, Engineers Gate Manager LP boosted its stake in shares of Sealed Air Corp. by 13.2% in the second quarter. Engineers Gate Manager LP now owns 26,900 shares of the company’s stock worth $1,237,000 after buying an additional 3,134 shares during the last quarter. Institutional investors and hedge funds own 89.21% of the company’s stock.

Sealed Air Corp. Company Profile

Sealed Air Corporation is engaged in food safety and security, facility hygiene and product protection business. The Company’s segments are Food Care, Diversey Care, Product Care and Other (includes Corporate, Medical Applications and New Ventures businesses). The Food Care segment focuses on providing processors, retailers and food service operators a range of integrated system solutions.

5 Day Chart for NYSE:SEE

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