Venturi Wealth Management LLC Has $173,000 Stock Holdings in Sealed Air Co. (NYSE:SEE)

Venturi Wealth Management LLC increased its position in shares of Sealed Air Co. (NYSE:SEE) by 1,531.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,123 shares of the industrial products company’s stock after buying an additional 4,809 shares during the quarter. Venturi Wealth Management LLC’s holdings in Sealed Air were worth $173,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Acuitas Investments LLC lifted its stake in Sealed Air by 64.3% during the fourth quarter. Acuitas Investments LLC now owns 2,300 shares of the industrial products company’s stock worth $78,000 after purchasing an additional 900 shares during the period. Truist Financial Corp lifted its stake in Sealed Air by 3.3% during the fourth quarter. Truist Financial Corp now owns 11,794 shares of the industrial products company’s stock worth $399,000 after purchasing an additional 377 shares during the period. CIBC Asset Management Inc lifted its stake in Sealed Air by 6.0% during the fourth quarter. CIBC Asset Management Inc now owns 10,557 shares of the industrial products company’s stock worth $357,000 after purchasing an additional 596 shares during the period. Principal Financial Group Inc. lifted its stake in Sealed Air by 2.7% during the fourth quarter. Principal Financial Group Inc. now owns 712,595 shares of the industrial products company’s stock worth $24,107,000 after purchasing an additional 18,709 shares during the period. Finally, State of New Jersey Common Pension Fund D lifted its stake in Sealed Air by 6.2% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 60,269 shares of the industrial products company’s stock worth $2,039,000 after purchasing an additional 3,514 shares during the period. 94.40% of the stock is owned by institutional investors and hedge funds.

Sealed Air Stock Performance

Shares of Sealed Air stock opened at $32.32 on Friday. The company has a debt-to-equity ratio of 5.62, a current ratio of 1.29 and a quick ratio of 0.79. The firm has a market cap of $4.71 billion, a P/E ratio of 11.88 and a beta of 1.34. The firm has a 50 day simple moving average of $34.25 and a 200 day simple moving average of $34.92. Sealed Air Co. has a fifty-two week low of $30.87 and a fifty-two week high of $41.14.

Sealed Air Dividend Announcement

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

Analyst Ratings Changes

A number of research analysts have commented on the stock. Mizuho cut their price target on shares of Sealed Air from $45.00 to $42.00 and set an “outperform” rating for the company in a research note on Tuesday, January 7th. Truist Financial raised their price target on shares of Sealed Air from $41.00 to $44.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. Citigroup cut their price target on shares of Sealed Air from $44.00 to $42.00 and set a “buy” rating for the company in a research note on Monday, January 6th. UBS Group cut their target price on shares of Sealed Air from $39.00 to $37.00 and set a “neutral” rating for the company in a research note on Friday, January 10th. Finally, StockNews.com upgraded shares of Sealed Air from a “hold” rating to a “buy” rating in a research note on Wednesday. Seven investment 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 stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price 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.