Morgan Stanley raised its position in Sealed Air Corporation (NYSE:SEE) by 47.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 571,285 shares of the industrial products company’s stock after buying an additional 184,503 shares during the period. Morgan Stanley owned 0.30% of Sealed Air Corporation worth $24,896,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in SEE. Assetmark Inc. raised its stake in shares of Sealed Air Corporation by 1.0% in the first quarter. Assetmark Inc. now owns 2,444 shares of the industrial products company’s stock worth $107,000 after buying an additional 25 shares in the last quarter. CENTRAL TRUST Co raised its stake in shares of Sealed Air Corporation by 0.8% in the first quarter. CENTRAL TRUST Co now owns 3,830 shares of the industrial products company’s stock worth $167,000 after buying an additional 30 shares in the last quarter. Eqis Capital Management Inc. raised its stake in shares of Sealed Air Corporation by 0.3% in the first quarter. Eqis Capital Management Inc. now owns 13,398 shares of the industrial products company’s stock worth $584,000 after buying an additional 40 shares in the last quarter. Cleararc Capital Inc. raised its stake in shares of Sealed Air Corporation by 1.3% in the first quarter. Cleararc Capital Inc. now owns 4,745 shares of the industrial products company’s stock worth $207,000 after buying an additional 60 shares in the last quarter. Finally, Conning Inc. raised its stake in shares of Sealed Air Corporation by 1.5% in the first quarter. Conning Inc. now owns 4,754 shares of the industrial products company’s stock worth $207,000 after buying an additional 70 shares in the last quarter. 92.03% of the stock is currently owned by institutional investors.

Sealed Air Corporation (NYSE SEE) traded down 0.69% during mid-day trading on Thursday, reaching $43.26. The company had a trading volume of 1,996,925 shares. The stock has a 50-day moving average of $45.15 and a 200 day moving average of $45.37. Sealed Air Corporation has a 12-month low of $41.74 and a 12-month high of $50.62. The company has a market capitalization of $8.47 billion, a price-to-earnings ratio of 23.77 and a beta of 1.16.

Sealed Air Corporation (NYSE:SEE) last released its earnings results on Tuesday, May 9th. The industrial products company reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.46 by $0.03. Sealed Air Corporation had a net margin of 5.48% and a return on equity of 85.72%. The business had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.58 billion. During the same quarter in the previous year, the firm earned $0.50 EPS. The firm’s revenue for the quarter was up 2.6% on a year-over-year basis. On average, analysts expect that Sealed Air Corporation will post $1.79 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 1.48%. The ex-dividend date is Wednesday, August 30th. Sealed Air Corporation’s dividend payout ratio (DPR) is 36.99%.

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A number of research analysts have weighed in on the company. UBS AG set a $49.00 price target on Sealed Air Corporation and gave the company a “buy” rating in a research note on Wednesday, May 10th. BidaskClub downgraded Sealed Air Corporation from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. BMO Capital Markets restated a “hold” rating and issued a $47.00 price target on shares of Sealed Air Corporation in a research note on Thursday, July 20th. Zacks Investment Research upgraded Sealed Air Corporation from a “strong sell” rating to a “hold” rating and set a $52.00 price target for the company in a research note on Wednesday, July 12th. Finally, Robert W. Baird restated an “outperform” rating and issued a $55.00 price target on shares of Sealed Air Corporation in a research note on Tuesday, June 13th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $48.91.

In other Sealed Air Corporation news, insider Emile Z. Chammas purchased 3,000 shares of the company’s stock in a transaction on Tuesday, May 16th. The shares were purchased at an average cost of $43.09 per share, for a total transaction of $129,270.00. Following the completion of the transaction, the insider now owns 148,077 shares in the company, valued at $6,380,637.93. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jerome A. Peribere purchased 6,960 shares of the company’s stock in a transaction on Friday, May 12th. The stock was acquired at an average price of $42.97 per share, for a total transaction of $299,071.20. Following the completion of the transaction, the insider now owns 199,000 shares of the company’s stock, valued at approximately $8,551,030. The disclosure for this purchase can be found here. Insiders own 0.86% of the company’s stock.

Sealed Air Corporation 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 a range of integrated system solutions.

Institutional Ownership by Quarter for Sealed Air Corporation (NYSE:SEE)

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