44 Wealth Management LLC Sells 4,389 Shares of Sealed Air Co. (NYSE:SEE)

44 Wealth Management LLC decreased its position in Sealed Air Co. (NYSE:SEE) by 15.6% in the fourth quarter, HoldingsChannel.com reports. The institutional investor 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 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Kwmg LLC increased its stake in Sealed Air by 5.0% in the 4th quarter. Kwmg LLC now owns 136,537 shares of the industrial products company’s stock worth $4,619,000 after purchasing an additional 6,527 shares during the period. Empowered Funds LLC purchased a new position in Sealed Air in the 3rd quarter worth approximately $1,497,000. Maple Rock Capital Partners Inc. increased its stake in Sealed Air by 56.6% in the 3rd quarter. Maple Rock Capital Partners Inc. now owns 1,517,493 shares of the industrial products company’s stock worth $55,085,000 after purchasing an additional 548,493 shares during the period. Sound Income Strategies LLC increased its stake in Sealed Air by 13.8% in the 4th quarter. Sound Income Strategies LLC now owns 79,429 shares of the industrial products company’s stock worth $2,687,000 after purchasing an additional 9,634 shares during the period. Finally, Commerce Bank increased its stake in Sealed Air by 67.6% in the 3rd quarter. Commerce Bank now owns 36,601 shares of the industrial products company’s stock worth $1,329,000 after purchasing an additional 14,766 shares during the period. 94.40% of the stock is owned by hedge funds and other institutional investors.

Sealed Air Trading Down 2.2 %

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

Sealed Air Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be given a dividend of $0.20 per share. The ex-dividend date is Friday, March 14th. This represents a $0.80 annualized dividend and a dividend yield of 2.48%. Sealed Air’s dividend payout ratio is presently 29.41%.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Morgan Stanley decreased their price target on Sealed Air from $39.00 to $38.00 and set an “equal weight” rating on the stock in a research note on Monday, January 13th. Bank of America reduced their target price on Sealed Air from $42.00 to $39.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. Mizuho reduced their target price on Sealed Air from $45.00 to $42.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 7th. StockNews.com raised Sealed Air from a “hold” rating to a “buy” rating in a research note on Wednesday. Finally, UBS Group reduced their target price on Sealed Air from $39.00 to $37.00 and set a “neutral” rating on the stock in a research note on Friday, January 10th. Seven equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Sealed Air has an average rating of “Moderate Buy” and a consensus price target of $40.00.

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.